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    Property profile & analytics

    4356 Ashlan Ave Fresno, CA 93722-6480

    • Specialty properties
    • 51,363 SF
    • 3.14 lot acres
    OFF-MARKET
    Value Estimations
    $2,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5186136
    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

    • Paintbrush Assisted Living / Nursing Home / Retirement Community
    • Alceadam Water Damage Restoration / Hardware & Home Improvement / Construction Company

    Property Details for 4356 Ashlan Ave

    Year built
    2015
    Construction
    WOOD
    Lot size
    3.14 lot acres
    Property size
    51,363 SF
    Zone code
    CG
    Property type
    Specialty properties
    APN
    510-100-51
    APU
    51010051

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $2,740,000
      Current use
      WAREHOUSE, STORAGE
      $2,795,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.87
    Latitude
    36.7948
    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
    $204,226
    $820,941
    $14,951,077
    $15,772,018
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      17,000 SF

      4105 Figarden Dr

      CHARITABLE ORGANIZATION • 17,000 SF
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      5425 Spruce Ave

      CHARITABLE ORGANIZATION • 11,105 SF
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      $2,270,000
      45,226 SF

      5605 Gates Ave

      CHARITABLE ORGANIZATION • 45,226 SF
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      83,800 SF

      6161 Spruce Ave

      CHARITABLE ORGANIZATION • 83,800 SF
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      View Details
    • Value Estimation by Request
      13,360 SF

      3585 Blythe Ave

      CHARITABLE ORGANIZATION • 13,360 SF
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    Similar Nearby for Sale

    • Contact for pricing
      36.75 Acres

      Ashlan/Parkway Prime Development Land

      36.75 Acres, Fresno, CA - Mixed-Use Potential
      0 Parkway Dr, Fresno, CA 93722
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    • $450,000
      97,574.00 Acres

      Residential Land in Fresno, CA

      2.24 acres of residentially zoned land ready for development.
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    • $450,000
      5.00 Acres

      5-Acre Fresno Land Parcel

      5-acre parcel with agricultural potential in a convenient location.
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    • $6,250,000
      39,695 SF

      Fresno Manufacturing Building - $6.25M

      Prime Fresno industrial property; highway access, large yard.
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    • Contact for pricing
      17.05 Acres

      Prime Fresno Commercial Land

      17 Acres, Office Zoning, Excellent Access
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    • Contact for pricing
      10.00 Acres

      Fresno 10-Acre Multifamily Land

      152-unit development ready, prime location.
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    Similar Nearby for Lease

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      24,808 SF

      Fresno Office Space for Lease

      Executive Suites, Flex Space Available
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    • $12 SF/Yr
      8,958 SF

      NW Fresno Industrial Space

      Move-in ready office/warehouse, ±3,626 SF
      4753 Jennifer Ave, Fresno, CA 93722
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    • Contact for pricing
      117,427 SF

      Industrial Warehouses with Development Potential

      Two industrial buildings with potential for expansion and redevelopment.
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    • Contact for pricing
      1,750 SF

      Industrial Space Available For Rent

      1,750 square feet of industrial space for lease.
      4644 W Jennifer Ave, Fresno, CA 93722
      View Details
    • Contact for pricing
      10,000 SF

      Versatile Industrial Property in Fresno

      10,000 SF industrial space suitable for various operations.
      4626 N Bendel Ave, Fresno, CA 93722
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    • $4,950,000
      14,400 SF

      New Industrial Buildings, May 2025

      New construction industrial buildings available for rent in May 2025.
      4630 E Olive Ave, Fresno, CA 93722
      View Details
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    4356 Ashlan Ave
    Fresno, CA 93722-6480
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    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
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