Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3907 Grant Ave Fresno, CA 93702-2261

    • Residential income homes
    • 2,325 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Oct 26, 2022
    $326,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3008594
    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

    • Residential income homes

    Property Details for 3907 Grant Ave

    Year built
    1925
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    2,325 SF
    Zone code
    RS5
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    460-053-24
    APU
    46005324

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.759
    Latitude
    36.7489
    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
    $4,186
    $75,000
    $251,500
    $326,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,528 SF

      256 2nd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,528 SF
      256 2nd St, Fresno, CA 93702-1957
      View Details
    • Value Estimation by Request
      1,080 SF

      646 2nd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,080 SF
      646 2nd St, Fresno, CA 93702-1834
      View Details
    • Value Estimation by Request
      2,673 SF

      770 Barton Ave, Unit 101

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,673 SF
      770 Barton Ave, Fresno, CA 93702-1557
      View Details
    • Value Estimation by Request
      2,208 SF

      4305 Clay Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,208 SF
      4305 Clay Ave, Fresno, CA 93702-1459
      View Details
    • Value Estimation by Request
      2,640 SF

      3411 Clay Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,640 SF
      3411 Clay Ave, Fresno, CA 93702-1082
      View Details
    • Value Estimation by Request
      3,600 SF

      3925 Clay Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,600 SF
      3925 Clay Ave, Fresno, CA 93702-1368
      View Details

    Similar Nearby for Sale

    • New
      $360,000
      1,750 SF

      Well-Maintained Duplex with Upside Potential

      Fresno duplex with long-term tenants, below-market rents, and recent updates.
      3528 E Lowe Ave, Fresno, CA 93702
      View Details
    • $545,000
      2,408 SF

      Well-Maintained Four-Unit Multifamily Property

      Four-unit multifamily property with strong cash-flow potential in Fresno, CA.
      408 S Woodrow Ave, Fresno, CA 93702
      View Details
    • $535,000
      4,810 SF

      Fresno Commercial Warehouse & Office

      High-traffic location, versatile space, prime Fresno.
      444 1St St, Fresno, CA 93702
      View Details
    • $98,500

      Ready-to-Build Residential Lot

      Cleared, fenced residential lot in central Fresno, ready for development.
      3436 E Mono St, Fresno, CA 93702
      View Details
    • $150,000

      Land Near New School

      Commercial land available across the street from a new school.
      3849 E Ventura Ave, Fresno, CA 93702
      View Details
    • $129,000

      Residential Land Prime Location

      Vacant land suitable for residential development with utilities available.
      422 S Dearing Ave, Fresno, CA 93702
      View Details

    Similar Nearby for Lease

    • $4,750 /Mo

      Land for Rent in Fresno

      Land available for rent in South Fresno near Freeway 99.
      S Cedar Ave, Fresno, CA 93702
      View Details
    • $1.50 SF/Yr
      1,750 SF

      Retail Space on Kings Canyon

      Retail spaces available with high visibility and traffic.
      4595 E Kings Canyon Rd, Fresno, CA 93702
      View Details
    • $600,000

      Land For Rent Fresno

      Land available for rent in Fresno, California.
      620 S Cedar Ave, Fresno, CA 93702
      View Details
    • $1.00 SF/Yr
      2,720 SF

      Retail Space on Kings Canyon

      Retail and restaurant spaces available in established Fresno location.
      4798 E Kings Canyon Rd, Fresno, CA 93702
      View Details
    • Contact for pricing
      4,125 SF

      Retail Space Near Vallarta

      Retail space with high visibility and easy access.
      1281 S Chestnut Ave, Fresno, CA 93702
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Heritage Square

      Retail space for lease in Heritage Square Shopping Center.
      3226-3276 E Tulare St, Fresno, CA 93702
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3907 Grant Ave
    Fresno, CA 93702-2261
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.