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Property profile & analytics
OFF-MARKET
Medical Office Space
432 Shaw Ave Fresno, CA 93704-2511
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3122397
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1963
Construction
TILT-UP CONCRETE
Total area
1,128 SF
Lot
0.11 ac (4,791 SF)
Zoning code
RP
APN
417-410-06
UPID
US09-3122397
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
-
Dr. Bruce Nakashian, DDS Dental Office
-
Putnam Lorene Dental Office
-
Sleep Number Furniture & Home Goods
-
Oberti Susan Dental Office
-
Same Day Payday Loans Loan Service
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
Caliber Estates INC · 1 yrs held
Caliber Estates INC
since 2025
Last sale
$225,000
7 recorded transactions
Zoning & alternative use
RP · 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
$2,875
Tax year 2023
Assessed value
$221,218
Assessed 2023
Previous assessed
$221,218
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$57,756
Assessed improvement
$163,462
Applied tax rate
98.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
1,128 SF
Lot
0.11 ac (4,791 SF)
Zoning code
RP
APN
417-410-06
UPID
US09-3122397
Jurisdiction
FRESNO
Zoning & alternative use
RP · Fresno, CAZoning RP · permitted uses
RP · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Caliber Estates INC
Entity
Mailing address
1649 W ROBERTS AVE, FRESNO, CA 93711-2349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 24, 2025
$225,000
Caliber Estates INC
Bruce Nakashian
Grant Deed
$225,000 · Bank Of America NA
Sep 17, 2019
—
Mamigonian,carolyn R Trust
Mamigonian,carolyn R
Affidavit Of Death
related
—
Mar 5, 2019
$3,127,000
Brocato,thomas A Living Trust
432 East Shaw LLC
Grant Deed
—
Jun 30, 2017
$825,000
432 East Shaw LLC
Paul J Pimentel
Grant Deed
$1,360,000 · Wintrust Bank
Dec 10, 2015
—
Nakashian,bruce Trust
Nakashian,bruce
Quit Claim Deed
related
—
Jul 17, 2014
$140,000
Bruce Nakashian
Mamigonian Carolyn R Trust
Grant Deed
$140,000 · Mamigonian Carolyn R Trust (pt
Aug 10, 2006
—
Mamigonian Carolyn R Trust
Mamigonian,carolyn R
Quit Claim Deed
related
—
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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