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Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Apartment buildings
4263 Bengston Ave Fresno, CA 93705-1960
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-1726544
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
WOOD
Total area
28,089 SF
Lot
1.23 ac (53,578 SF)
Zoning code
RM1
APN
424-150-39
UPID
US09-1726544
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
$3.29M
Blend (final)
Blend
$2.72M
Owner & transaction history
Cobian,m X & Robinson C Trust · 9 yrs held
Cobian,m X & Robinson C Trust
since 2016
7 recorded transactions
Zoning & alternative use
RM1 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.5M
+46.4%
Auto repair, garage
$4.3M
+42.0%
Industrial (general)
$4.0M
+29.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,050,000
Current use
OFFICE BUILDING
$4,465,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,330,000
Change: +42% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,950,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$2,955,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.72M
Range $2.44M – $2.99M · ±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
$97 / 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
$30,639
Tax year 2023
Assessed value
$2,376,261
Assessed 2023
Previous assessed
$2,376,261
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$292,639
Assessed improvement
$2,083,622
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
1975
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
34
Bathrooms
34
Total area
28,089 SF
Lot
1.23 ac (53,578 SF)
Zoning code
RM1
APN
424-150-39
UPID
US09-1726544
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
$3.1M
OFFICE BUILDING
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1975
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
34
Bathrooms
34
Lot
1.23 ac
Current owner
From public records · entity-resolved
Cobian,m X & Robinson C Trust
Trust
Mailing address
638 W ENTERPRISE AVE, CLOVIS, CA 93619-4837
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
Marcus X Cobian & Clarisa Pareja Ro
—
Deed
related
$2,500,000 · Jpmorgan Chase Bank NA
Sep 16, 2019
—
Marcus X Cobian
—
Deed
related
$2,025,000 · Banner Bank
Dec 16, 2016
—
Cobian,m X & Robinson C Trust
Cobian,marcus
Quit Claim Deed
related
—
Jul 31, 2014
—
Marcus Cobian
De Cobian,sue F
Quit Claim Deed
—
Apr 25, 2014
$2,050,000
Marcus Cobian
Bengston Village LLC
Grant Deed
$1,537,500 · Americanwest Bank
Nov 1, 2011
—
Bengston Village LLC
Fresno Ashlan Management LLC
Grant Deed
$1,320,000 · United Security Bank
Oct 29, 2010
$20,000
Fresno Ashlan Management LLC
Landmark Hill Investments LLC
Deed In Lieu Of Foreclosure
related
$500,000 · Private Individual
Aug 24, 2010
$426,867
Landmark Hill Investments LLC
Foreclosure Co INC
Trustees Deed
related
—
Nov 30, 2004
$2,100,000
Manuel J Peinado
Landmark Hill Investment LLC
Grant Deed
related
$1,500,000 · Jackson Federal Bank
Jun 4, 2004
—
Landmark Hill Investments LLC
Connell-diaz Partnership LP
Grant Deed
related
—
Jun 17, 2003
—
Landmark Hill Investments LLC
Connell,tr
Grant Deed
related
—
May 9, 2003
$150,000
Lankmark Hill Investments LLC
Connell,sally H
Grant Deed
—
May 9, 2003
—
Connell,tr
Connell,sally H
Quit Claim Deed
related
—
Oct 29, 2002
—
Sally H Connell
Connell,raymond S
Quit Claim Deed
related
—
Oct 29, 2002
$1,300,000
Sally H Connell
Farhadian,tr
Grant Deed
—
Feb 22, 2002
—
Jeanette Farhadian
Armen Trust
Grant Deed
related
—
—
—
Bengston Village LLC
—
Deed Of Trust
related
$521,247 · G Wayne Henry
—
—
Landmark Hill Investments LLC
—
Deed Of Trust
related
$438,317 · Connell Trust
—
—
Genevieve Armen
—
Deed Of Trust
related
$40,000 · Magwili Domingo
—
—
Armen Trust
—
Deed Of Trust
related
$100,000 · Farhadian Trust
—
—
Manuel Peinado
—
Deed Of Trust
related
$350,000 · Landmark Hill Investments LLC
—
—
Fresno Ashlan Management LLC
—
Deed Of Trust
related
$975,000 · Pacific Western 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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