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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Warehouses
505 Reed Ave Reedley, CA 93654-2432
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2591378
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1967
Construction
TYPE NOT SPECIFIED
Total area
9,120 SF
Lot
0.85 ac (37,026 SF)
Zoning code
ML
APN
368-021-69S
UPID
US09-2591378
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
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.35M
Owner & transaction history
Surf Thru INC · 3 yrs held
Surf Thru INC
since 2022
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
ML · Reedley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+130.7%
Medical building
$1.8M
+111.1%
Office building
$1.5M
+83.4%
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 Reedley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reedley 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
$1,660,000
ML approach
$1,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$845,000
Current use
RESTAURANT
$1,945,000
Change: +131% · Conversion: Difficult
MEDICAL BUILDING
$1,780,000
Change: +111% · Conversion: Difficult
OFFICE BUILDING
$1,545,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,340,000
Change: +59% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,160,000
Change: +38% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$970,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±10% · vs last sale $1.26M (Nov 4 2022)
Last sale anchor
$1.26M
Nov 4 2022
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
$147 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,433
Tax year 2024
Assessed value
$647,700
Assessed 2024
Previous assessed
$647,700
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$647,700
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
9,120 SF
Lot
0.85 ac (37,026 SF)
Zoning code
ML
APN
368-021-69S
UPID
US09-2591378
Jurisdiction
FRESNO
Zoning & alternative use
ML · Reedley, CA
Zoning ML · permitted uses
ML · Reedley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reedley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$845,000
RESTAURANT
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$970,000
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1967
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Surf Thru INC
Entity
Free & Clear · 3 yrs held
Mailing address
11837 BOLTHOUSE DR STE #400, BAKERSFIELD, CA 93311-8898
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2025
—
Surf Thru INC
—
Deed
related
$190,000,000 · Bmo Bank NA
Nov 4, 2022
$1,260,000
Surf Thru INC
Fadhl F Mohsin
Grant Deed
—
Jan 16, 2019
$400,000
Fadhl N Mohsin
Otani Properties
Grant Deed
—
Feb 17, 2015
$275,000
Otani Properties
Carskaddon Ents INC
Grant Deed
—
May 17, 1993
—
Carskaddon Enterprises INC
Carskaddon,glen
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.
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