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    Property profile & analytics

    3290 Elm Ave Fresno, CA 93706-5621

    • Auto shops
    • 4,800 SF
    • 4.80 lot acres
    OFF-MARKET
    Last Sale
    Jun 25, 2021
    $1,200,000
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-2999901
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Maik Diesel Repair and body shop / Truck Repair Shop
    • Titan Underground Inc. / Contractor
    • Herian Brothers inc / Trucking Company

    Property Details for 3290 Elm Ave

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.80 lot acres
    Property size
    4,800 SF
    Zone code
    M1
    Property type
    Auto shops
    APN
    329-100-46
    APU
    32910046

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,160,000
      ML approach
      $1,060,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,035,000
      Market price range: $298k - $1.16M
      AI Estimate
      $844,000
      Market price range: $246k - $955k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.789
    Latitude
    36.6871
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,800
    $371,147
    $129,605
    $500,752
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $230,000
      504 SF

      204 Whites Brg Ave

      AUTO REPAIR, GARAGE • 504 SF
      204 Whites Brg Ave, Fresno, CA 93706-1856
      View Details
    • Value Estimation
      $285,000
      5,840 SF

      2633 Belgravia Ave

      AUTO REPAIR, GARAGE • 5,840 SF
      2633 Belgravia Ave, Fresno, CA 93706-4530
      View Details
    • Value Estimation
      $240,000
      2,160 SF

      1008 C St

      AUTO REPAIR, GARAGE • 2,160 SF
      1008 C St, Fresno, CA 93706-3213
      View Details
    • Value Estimation
      $230,000
      1,000 SF

      1539 Wn Ave

      AUTO REPAIR, GARAGE • 1,000 SF
      1539 Wn Ave, Fresno, CA 93706-9751
      View Details
    • Value Estimation
      $385,000
      11,668 SF

      2716 Cherry Ave

      AUTO REPAIR, GARAGE • 11,668 SF
      2716 Cherry Ave, Fresno, CA 93706-5422
      View Details
    • Value Estimation
      $625,000
      11,520 SF

      1515 Merced St

      AUTO REPAIR, GARAGE • 11,520 SF
      1515 Merced St, Fresno, CA 93706-1622
      View Details

    Similar Nearby for Sale

    • $7,500,000

      Truck Parking and Storage Facility

      14.76 acre commercial truck parking and storage facility for sale.
      3661 W Franklin Ave, Fresno, CA 93706
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    • $1,975,000
      4.77 Acres

      Versatile Truck Yard in Fresno

      4.77-acre property ideal for truck parking and repair operations.
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      49,000 SF

      Truck Parking and Industrial Building

      Five acres of truck parking and a 49,000 SF building.
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    • $1,000,000

      Easton Shopping Center Investment

      7,440 SF Retail Center, High Potential
      5751 Elm Ave, Fresno, CA 93706
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    • Contact for pricing
      16,708 SF

      Downtown Fresno Retail Opportunity

      Retail property with high visibility in Downtown Fresno.
      1101 Fresno St, Fresno, CA 93706
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    • $299,000

      Established Market Business For Sale

      Established market business with building, large yard, and house.
      3738 S Cherry Ave, Fresno, CA 93706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,033 SF

      Versatile Commercial Space Available

      Office and retail space for rent near shopping and restaurants.
      7031 N Blythe Ave, Fresno, CA 93706
      View Details
    • Contact for pricing
      7,500 SF

      Retail Pad Available For Lease

      Retail pad available for lease, approximately 7,500 square feet.
      172 E North Ave, Fresno, CA 93706
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Fresno Center

      Retail space available in high-traffic Fresno shopping center.
      E Kaviland Ave, Fresno, CA 93706
      View Details
    • $1.60 SF/Yr
      1,275 SF

      Downtown Fresno Retail/Office Space

      Retail/office spaces in downtown Fresno, move-in ready condition.
      1502-1520 Tulare St, Fresno, CA 93706
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Fresno Center

      1,500 SF retail space in affluent Fresno trade area.
      7038-7096 N West Ave, Fresno, CA 93706
      View Details
    • $1.25 SF/Yr
      2,897 SF

      Downtown Fresno Restaurant Space Available

      Prime restaurant space in downtown Fresno near High Speed Rail.
      1102 F St, Fresno, CA 93706
      View Details
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    3290 Elm Ave
    Fresno, CA 93706-5621
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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