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Property profile & analytics
OFF-MARKET
Retail space
3978 Calwa Ave, Fresno, CA 93725-2031
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-2686946
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1907
Construction
TILT-UP CONCRETE
Total area
10,800 SF
Lot
0.25 ac (10,875 SF)
Zoning code
C4
APN
487-122-02
UPID
US09-2686946
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Space Place LLC · 8 yrs held
Space Place LLC
since 2018
7 recorded transactions
Zoning & alternative use
C4 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,520
Tax year 2023
Assessed value
$339,028
Assessed 2023
Previous assessed
$339,028
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$49,213
Assessed improvement
$289,815
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1907
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
10,800 SF
Lot
0.25 ac (10,875 SF)
Zoning code
C4
APN
487-122-02
UPID
US09-2686946
Jurisdiction
FRESNO
Zoning & alternative use
C4 · Fresno, CA
Zoning C4 · permitted uses
C4 · 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.
Building & site characteristics
From public records
Year built
1907
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Space Place LLC
Entity
Mailing address
1942 IACOVETTI CT, TULARE, CA 93274-6294
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2018
$310,000
Space Place LLC
Abdulla,mohamed A
Grant Deed
$300,000 · Mohamed A Abdulla
Nov 9, 2006
$690,000
Mohamed A Abdulla
Tamamian R Living Trust
Grant Deed
$540,000 · Tamamian Ruben Living Trust
Nov 9, 2006
—
Mohamed A Abdulla
Amer,ashwak S
Grant Deed
related
—
Oct 24, 2005
—
Kazarian Shushanek Trust
Kazarian,shushanek
Quit Claim Deed
related
—
Nov 3, 2004
—
Shushanek Kazarian
Kazarian,gary J
Quit Claim Deed
related
—
Jun 10, 2003
—
Gary J Kazarian
Kazarian,gary J
Quit Claim Deed
related
—
Apr 11, 2002
—
Gary J Kazarian
Dorian,shushanek
Grant Deed
related
—
Dec 16, 1999
—
Tamamian Trust
Dorian,shushanek
Quit Claim Deed
related
—
Jul 24, 1995
—
Dorian Shushanek
Dorian,david A
Quit Claim Deed
related
—
Jul 24, 1995
$99,500
Dorian,shushanek
Patel,bobby
Trustees Deed
—
Mar 17, 1993
$265,000
Bobby Patel
Jones,daivd R &
Grant Deed
$65,000 · Seller
—
—
Mohamed A Abdulla
—
Deed Of Trust
related
$419,247 · Tamamian Ruben Living Trust
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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