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Property profile & analytics
FOR LEASE
Flex space
523 N Brawley Ave Fresno, CA 93706
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-3140715
For Lease
1 / 3
$4,395,000
523 N Brawley Ave, Fresno, CA 93706
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1980
Construction
TYPE NOT SPECIFIED
Total area
42,785 SF
Lot
9.33 ac (406,414 SF)
Zoning code
M1
APN
326-050-28S
UPID
US09-3140715
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
-
All Valley Environmental Plumbing Service General Contractor
-
Ol' Smokey Butcher Big Box & Wholesale Store
-
Specialty Branded Products Butcher Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.84M
Comparable Approach
Comparable
$5.07M
Blend (final)
Blend
$4.40M
Owner & transaction history
Kochergen Two Family Limited Partne · 1 yrs held
Kochergen Two Family Limited Partne
since 2024
7 recorded transactions
Zoning & alternative use
M1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,240,000
6.5%
$4,835,000
7%
$4,490,000
Blend value · Realmo final
$4.40M
Range $3.96M – $4.83M · ±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
$103 / 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
$16,811
Tax year 2024
Assessed value
$1,169,864
Assessed 2024
Previous assessed
$1,169,864
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$93,960
Assessed improvement
$1,075,904
Applied tax rate
62.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
6
Total area
42,785 SF
Lot
9.33 ac (406,414 SF)
Zoning code
M1
APN
326-050-28S
UPID
US09-3140715
Jurisdiction
FRESNO
Zoning & alternative use
M1 · Fresno, CA
Zoning M1 · permitted uses
M1 · 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.
Building & site characteristics
From public records
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
6
Lot
9.33 ac
Current owner
From public records · entity-resolved
Kochergen Two Family Limited Partne
Individual
Mailing address
PO BOX 11006, FRESNO, CA 93771-1006
Ownership since
2024
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
Nov 6, 2024
—
Kochergen Two Family Limited Partne
—
Deed
related
$657,694 · Lee Financial Services
Apr 25, 2018
—
Kochergen Two Family LP
—
Deed
related
$362,900 · Rabobank
—
—
John A Kochergen
—
Deed Of Trust
related
$600,000 · Kerman State Bank
—
—
Kochergen Two Family
—
Deed Of Trust
related
$464,273 · Rabobank
—
—
Kochergen Two Family LP
—
Deed Of Trust
related
$150,000 · Kerman State Bank
—
—
Kochergen 2 Family LP
—
Deed Of Trust
related
$589,478 · Kerman State Bank
—
—
Kochergen Family 2 LP
—
Deed Of Trust
related
$225,000 · Britz Ag Finance Co INC
—
—
Kochergen Two Family LP
—
Loan Modification
related
$362,900 · Rabobank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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