New search
Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Office buildings
44 Herndon Ave, Fresno, CA 93650-1371
Entity Owned
8-yr Hold
Free & Clear
Property ID
US09-1507843
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
WOOD
Total area
4,888 SF
Lot
0.3 ac (13,254 SF)
Zoning code
CG
APN
303-165-48
UPID
US09-1507843
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
-
Central Valley Dental Supply Dental Office
-
Liquid Fetish North Tattoo & Piercing Shop
-
goldconnection559 (Bike/Boat/Book/etc) Store
-
Ambitious Ink Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$840k
Owner & transaction history
Hendrix Fam Invs IV LLC · 8 yrs held
Hendrix Fam Invs IV LLC
since 2017
7 recorded transactions
Zoning & alternative use
CG · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$985,000
+26.5%
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
OFFICE BUILDING
$775,000
Current use
MEDICAL BUILDING
$985,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$755,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±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
$172 / 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
$13,029
Tax year 2023
Assessed value
$1,066,302
Assessed 2023
Previous assessed
$1,066,302
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$246,069
Assessed improvement
$820,233
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,888 SF
Lot
0.3 ac (13,254 SF)
Zoning code
CG
APN
303-165-48
UPID
US09-1507843
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
OFFICE BUILDING Current
Est. value
$775,000
MEDICAL BUILDING
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$755,000
OFFICE BUILDING Current
MEDICAL 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
2000
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Hendrix Fam Invs IV LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3453 N JASON AVE, FRESNO, CA 93737-9260
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2017
—
Hendrix Fam Invs IV LLC
Hendrix Frank & Carroll F
Quit Claim Deed
related
—
Mar 15, 2016
—
Helen Hendrix
Hendrix-mccorkle,helen
Quit Claim Deed
related
$288,860 · Tri Counties Bank
May 18, 2015
—
Hendrix,patrick J Living Trust
Hendrix Patrick J
Affidavit Of Death
related
—
Apr 20, 2011
—
Helen Hendrix
Hendrix-mccorkle,helen
Quit Claim Deed
related
—
Apr 19, 2011
—
Hendrix F & C Family 1985 Trust
Hendrix F & C 1985 Trust
Quit Claim Deed
related
$500,000 · Tri Counties Bank
Nov 24, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 7, 2000
—
Helen Hendrix-mccorkle
Hendrix Trust
Quit Claim Deed
related
—
—
—
Hendrix F & C Family Trust
—
Deed Of Trust
related
$500,000 · Tri Counties 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 44 Herndon Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
