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Property profile & analytics
OFF-MARKET
Estimated value
$3,975,000
Apartment buildings
4890 Backer Ave Fresno, CA 93726-1314
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US09-2261721
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
35,040 SF
Lot
2.18 ac (94,960 SF)
Zoning code
CMX
APN
430-740-01
UPID
US09-2261721
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
-
North Park Apartments Apartment Building Apartment Complex
-
MTRB Payroll Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.05M
Blend (final)
Blend
$3.98M
Owner & transaction history
Group Vii Fresno Property · 20 yrs held
Group Vii Fresno Property
since 2005
7 recorded transactions
Zoning & alternative use
CMX · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.6M
+13.6%
Auto repair, garage
$5.4M
+10.2%
Industrial (general)
$4.9M
+0.5%
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)
$4,905,000
Current use
OFFICE BUILDING
$5,570,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,405,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,925,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±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
$113 / 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
$47,441
Tax year 2023
Assessed value
$3,690,980
Assessed 2023
Previous assessed
$3,690,980
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$748,699
Assessed improvement
$2,942,281
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
1973
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
48
Bathrooms
48
Total area
35,040 SF
Lot
2.18 ac (94,960 SF)
Zoning code
CMX
APN
430-740-01
UPID
US09-2261721
Jurisdiction
FRESNO
Zoning & alternative use
CMX · Fresno, CA
Zoning CMX · permitted uses
CMX · 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
$4.9M
OFFICE BUILDING
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1973
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
48
Bathrooms
48
Lot
2.18 ac
Current owner
From public records · entity-resolved
Group Vii Fresno Property
Entity
Mailing address
4900 SANTA ANITA AVE STE 2C, EL MONTE, CA 91731-1490
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2019
—
Group Vii Fresno Property LP
—
Deed
related
—
Aug 15, 2005
—
Group Vii Fresno Property
Kaplan & Thomas
Trustees Deed
$23,960,000 · First Regional Bank
Aug 1, 2005
$28,176,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
$23,960,000 · First Regional Bank
Apr 20, 2001
—
Kaplan LP
Kaplan & Thomas LP
Quit Claim Deed
related
$6,000,000 · Washington Mutual Fsb
Mar 13, 2001
—
Kaplan LP
Thomas Management Trust
Quit Claim Deed
related
—
Feb 14, 2001
—
Thomas Trust
Thomas,esther
Quit Claim Deed
related
—
Jan 16, 2001
—
Esther Thomas
Kaplan Trust
Grant Deed
related
—
Jul 15, 1999
—
Kaplan Trust
Kaplan Trust
Quit Claim Deed
related
—
Oct 21, 1996
—
Kaplan Trust
Kaplan,lonnie & Sima
Quit Claim Deed
related
—
Mar 28, 1991
$9,792,000
Kaplan Lonnie
Coast,fed Mtg
Grant Deed
$7,700,000 · Coast Federal Bank
Feb 20, 1990
—
Coast Fed Mtg Co
Coast S&l
Quit Claim Deed
related
—
Feb 14, 1990
$7,650,900
Coast S Assoc
Palm Wood Assoc
Trustees Deed
related
—
—
—
Group Vii Fresno Property LP
—
Loan Modification
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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