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Property profile & analytics
OFF-MARKET
Estimated value
$15,115,000
Apartment buildings
360 Bethel Ave Sanger, CA 93657-9458
Individually Owned
4-yr Hold
Property ID
US09-2860498
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1991
Construction
WOOD
Total area
109,374 SF
Lot
8.61 ac (375,051 SF)
Zoning code
RM25
APN
315-180-53
UPID
US09-2860498
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.60M
Blend (final)
Blend
$15.12M
Owner & transaction history
David Hussain · 4 yrs held
David Hussain
since 2022
Last sale
$14.7M
5 recorded transactions
Zoning & alternative use
RM25 · Sanger, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$23.3M
+67.6%
Medical building
$21.3M
+53.4%
Office building
$18.5M
+33.2%
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 Sanger submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanger 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
$14,695,000
ML approach
$10,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,910,000
Current use
RESTAURANT
$23,315,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$21,335,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$18,530,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$16,060,000
Change: +15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,650,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$15.12M
Range $13.60M – $16.63M · ±10% · vs last sale $14.70M (Apr 28 2021)
Last sale anchor
$14.70M
Apr 28 2021
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
$138 / 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
$186,450
Tax year 2023
Assessed value
$15,220,530
Assessed 2023
Previous assessed
$15,220,530
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$2,132,820
Assessed improvement
$13,087,710
Applied tax rate
9.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
126
Bathrooms
2
Total area
109,374 SF
Lot
8.61 ac (375,051 SF)
Zoning code
RM25
APN
315-180-53
UPID
US09-2860498
Jurisdiction
FRESNO
Zoning & alternative use
RM25 · Sanger, CAZoning RM25 · permitted uses
RM25 · Sanger, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$13.9M
RESTAURANT
Est. value
$23.3M
MEDICAL BUILDING
Est. value
$21.3M
OFFICE BUILDING
Est. value
$18.5M
AUTO REPAIR, GARAGE
Est. value
$16.1M
INDUSTRIAL (GENERAL)
Est. value
$11.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1991
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
126
Bathrooms
2
Lot
8.61 ac
Current owner
From public records · entity-resolved
David Hussain
Individual
Mailing address
11263 N GLASGOW DR, FRESNO, CA 93730-7032
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
—
David Hussain
David Hussain
Re-recorded Document
related
—
Apr 28, 2021
$14,700,000
David Hussain
Michael L Condry
Grant Deed
$8,230,000 · Banner Bank
Nov 25, 2019
—
Michael L Condry
Bam Investors
Grant Deed
—
—
—
Investors Bam
—
Deed Of Trust
related
—
—
—
Bam Investors
—
Deed Of Trust
related
$3,375,000 · Greenwich Capital Fin'l 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.
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