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Property profile & analytics
OFF-MARKET
Estimated value
$9,000,000
Motels
3460 Shaw Ave, Fresno, CA 93711-3216
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0025199
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Construction
WOOD
Total area
36,936 SF
Lot
2.34 ac (101,930 SF)
Zoning code
RMX
APN
415-044-57
UPID
US09-0025199
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
-
HomeTowne Studios Fresno - West Hotel & Motel
-
Unlimited Mobile Marketing Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.59M
Blend (final)
Blend
$9.00M
Owner & transaction history
Atheneon Hospitality LLC · 1 yrs held
Atheneon Hospitality LLC
since 2024
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
RMX · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.8M
+80.9%
Restaurant
$8.7M
+22.5%
Medical building
$7.4M
+4.7%
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
$9,000,000
ML approach
$9,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,090,000
Current use
COMMERCIAL (GENERAL)
$12,830,000
Change: +81% · Conversion: Difficult
RESTAURANT
$8,685,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$7,425,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$7,315,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,695,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$9.00M
Range $8.10M – $9.90M · ±10% · vs last sale $9.00M (Oct 23 2024)
Last sale anchor
$9.00M
Oct 23 2024
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
$244 / 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
$54,422
Tax year 2023
Assessed value
$4,269,775
Assessed 2023
Previous assessed
$4,269,775
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$682,695
Assessed improvement
$3,587,080
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
1998
Construction
WOOD
Heating
NONE
Stories
3
Units
132
Total area
36,936 SF
Lot
2.34 ac (101,930 SF)
Zoning code
RMX
APN
415-044-57
UPID
US09-0025199
Jurisdiction
FRESNO
Zoning & alternative use
RMX · Fresno, CA
Zoning RMX · permitted uses
RMX · 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
$7.1M
COMMERCIAL (GENERAL)
Est. value
$12.8M
RESTAURANT
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$5.7M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1998
Construction
WOOD
Heating
NONE
Stories
3
Units
132
Lot
2.34 ac
Current owner
From public records · entity-resolved
Atheneon Hospitality LLC
Entity
Mailing address
5847 SAN FELIPE ST STE #4650, HOUSTON, TX 77057-3277
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 23, 2024
$9,000,000
Atheneon Hospitality LLC
Dw Cl V LLC
Grant Deed
$5,400,000 · Commercial Bank
Oct 23, 2024
—
Sandip Raman Patel
Sandip Patel Vaishali
Deed
—
Oct 29, 2018
—
Dw Cl V LLC
—
Loan Modification
related
$192,400,000 · Other Institutional Lenders
Dec 14, 2015
$3,676,500
Dw Clv LLC
Esa P Portfolio LLC
Grant Deed
—
May 27, 2004
—
Bre/esa Properties LLC
Extended Stay Ca INC
Grant Deed
related
—
Feb 27, 1998
$500,000
Esa 8525 INC
Educational Employees Cu
Grant Deed
—
—
—
Dw Cl V LLC
—
Deed Of Trust
related
$192,400,000 · Spt Ca Fundings 2
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.
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