Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$13,805,000
Motels
327 Fir Ave Fresno, CA 93720-2974
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-4984275
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2004
Construction
WOOD
Total area
50,371 SF
Lot
1.63 ac (71,002 SF)
Zoning code
O
APN
303-180-53
UPID
US09-4984275
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hampton Inn & Suites Fresno Hotel & Motel
-
California Notary Education Law Firm
-
Adult breathing Center Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.51M
Blend (final)
Blend
$13.81M
Owner & transaction history
Sethi Investments LP · 2 yrs held
Sethi Investments LP
since 2023
Last sale
$15.5M
7 recorded transactions
Zoning & alternative use
O · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.5M
+80.9%
Medical building
$15.2M
+57.0%
Restaurant
$11.8M
+22.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fresno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fresno submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$15,695,000
ML approach
$9,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,670,000
Current use
COMMERCIAL (GENERAL)
$17,495,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$15,185,000
Change: +57% · Conversion: Difficult
RESTAURANT
$11,845,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$13.81M
Range $12.42M – $15.19M · ±10% · vs last sale $15.50M (Nov 7 2023)
Last sale anchor
$15.50M
Nov 7 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$274 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$173,126
Tax year 2023
Assessed value
$14,300,000
Assessed 2023
Previous assessed
$14,300,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,700,000
Assessed improvement
$11,600,000
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
NONE
Stories
4
Units
85
Total area
50,371 SF
Lot
1.63 ac (71,002 SF)
Zoning code
O
APN
303-180-53
UPID
US09-4984275
Jurisdiction
FRESNO
Zoning & alternative use
O · Fresno, CA
Zoning O · permitted uses
O · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fresno. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$17.5M
MEDICAL BUILDING
Est. value
$15.2M
RESTAURANT
Est. value
$11.8M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
NONE
Stories
4
Units
85
Lot
1.63 ac
Current owner
From public records · entity-resolved
Sethi Investments LP
Entity
Mailing address
PO BOX 235927, ENCINITAS, CA 92023-5927
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2023
—
Sethi Investments LP
Gaurav Deep Sethi
Intrafamily Transfer
related
—
Dec 21, 2022
$15,500,000
Gaurav Deep Sethi
37 Hotel Fresno LLC
Grant Deed
$9,500,000 · Wells Fargo Bank NA
Jan 31, 2018
—
37 Hotel Fresno LLC
—
Deed
related
$2,000,000 · Pacific Western National Bank
Feb 3, 2017
—
37 Hotel Fresno LLC
—
Deed
related
$8,976,000 · California United Bank
Dec 6, 2006
$13,750,000
37 Hotel Fresno LLC
Shiv Hotels LLC
Grant Deed
$11,080,000 · Pnc Bank
—
—
Shiv Hotels LLC
—
Deed Of Trust
related
$250,000 · Satya Hotels INC
—
—
Shiv Hotels LLC
—
Deed Of Trust
related
$200,000 · Vanmali INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 327 Fir Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
