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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Apartment buildings
3869 Olive Ave Fresno, CA 93702-1259
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US09-3666221
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
13,200 SF
Lot
0.79 ac (34,200 SF)
Zoning code
RM1
APN
453-282-28
UPID
US09-3666221
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
$2.24M
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.44M
Owner & transaction history
Hm Richards LLC · 15 yrs held
Hm Richards LLC
since 2010
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
RM1 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+95.1%
Medical building
$2.7M
+66.8%
Office building
$2.1M
+31.9%
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
$2,255,000
ML approach
$2,240,000
CAP Approach
CAP Return
Estimation
6%
$2,590,000
6.5%
$2,390,000
7%
$2,220,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,590,000
Current use
RESTAURANT
$3,105,000
Change: +95% · Conversion: Difficult
MEDICAL BUILDING
$2,655,000
Change: +67% · Conversion: Moderate
OFFICE BUILDING
$2,100,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,035,000
Change: +28% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,855,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±10% · vs last sale $2.65M (Feb 5 2025)
Last sale anchor
$2.65M
Feb 5 2025
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
$184 / 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
$6,581
Tax year 2023
Assessed value
$498,921
Assessed 2023
Previous assessed
$498,921
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$110,826
Assessed improvement
$388,095
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
16
Bathrooms
16
Total area
13,200 SF
Lot
0.79 ac (34,200 SF)
Zoning code
RM1
APN
453-282-28
UPID
US09-3666221
Jurisdiction
FRESNO
Zoning & alternative use
RM1 · Fresno, CA
Zoning RM1 · permitted uses
RM1 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
RESTAURANT
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
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
1977
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
16
Bathrooms
16
Lot
0.79 ac
Current owner
From public records · entity-resolved
Hm Richards LLC
Entity
Mailing address
11 DEER MDW CT, DANVILLE, CA 94506-2128
Ownership since
2010
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 13, 2010
—
Hm Richards LLC
Pendell Investments LLC
Grant Deed
—
Sep 17, 2003
$1,230,000
Pendell Investments LLC
Lott,erma L
Grant Deed
$750,000 · La Jolla Savings Bank
Sep 17, 2003
—
Charles D Lott
Web Service Co INC
Quit Claim Deed
related
—
Apr 27, 1981
$30,000
Klein Kenneth E
—
Grant Deed
related
—
Feb 3, 1978
—
—
—
Grant Deed
related
—
—
—
Pendell Investments LLC
—
Deed Of Trust
related
$1,080,000 · Wachovia Mortgage Fsb
—
—
Pendell Investments LLC
—
Deed Of Trust
related
$1,400,000 · La Jolla Bank
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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