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Property profile & analytics
FOR LEASE
Grocery and convenience stores
4204 E Olive Ave Fresno, CA 93702
Trust Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-3636934
No photos on file
For Lease
$530,000
4204 E Olive Ave, Fresno, CA 93702
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Construction
WOOD
Total area
2,976 SF
Lot
1.13 ac (49,222 SF)
Zoning code
CG
APN
454-061-22
UPID
US09-3636934
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
-
Federico's Tacos (Taco Truck) Restaurant
-
Shell Grocery & Convenience Store
-
Rigos Carpet Cleaning Carpet Cleaning Service
-
ATM Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$530k
Owner & transaction history
Chahal,prem M S Trust · 10 yrs held
Chahal,prem M S Trust
since 2016
4 recorded transactions
Zoning & alternative use
CG · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$430,000
+503.6%
Office building
$425,000
+500.1%
Auto repair, garage
$355,000
+403.7%
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
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$430,000
Change: +504% · Conversion: Easy
OFFICE BUILDING
$425,000
Change: +500% · Conversion: Moderate
AUTO REPAIR, GARAGE
$355,000
Change: +404% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10%
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
$178 / 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
$17,459
Tax year 2023
Assessed value
$1,365,328
Assessed 2023
Previous assessed
$1,365,328
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$525,367
Assessed improvement
$839,961
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Lease
Year built
2001
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,976 SF
Lot
1.13 ac (49,222 SF)
Zoning code
CG
APN
454-061-22
UPID
US09-3636934
Jurisdiction
FRESNO
Zoning & alternative use
CG · Fresno, CA
Zoning CG · permitted uses
CG · 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
COMMERCIAL (GENERAL)
Est. value
$430,000
OFFICE BUILDING
Est. value
$425,000
AUTO REPAIR, GARAGE
Est. value
$355,000
COMMERCIAL (GENERAL)
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
2001
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Chahal,prem M S Trust
Trust
Mailing address
4204 E OLIVE AVE, FRESNO, CA 93702-1426
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2016
—
Chahal,prem M S Trust
Chahal,prem M S & Kulbinder S
Quit Claim Deed
related
—
Sep 30, 2004
—
Prem M S Chahal
Chahal,prem M S
Quit Claim Deed
related
—
—
—
Prem M S Chahal
—
Deed Of Trust
related
$474,062 · Citizens Business Bank
—
—
Prem M Chahal
—
Deed Of Trust
related
$250,000 · Bank Of The Sierra
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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