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Property profile & analytics
OFF-MARKET
Estimated value
$4,950,000
Banks
5240 Palm Ave, Fresno, CA 93704-2209
Entity Owned
~
Est. High Equity
Property ID
US09-2294239
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1989
Construction
TILT-UP CONCRETE
Total area
9,448 SF
Lot
1.3 ac (56,628 SF)
Zoning code
RMX
APN
417-140-15
UPID
US09-2294239
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
-
Sang Pediatrics Medical Clinic Pediatrician
-
California Bank & Trust Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.95M
Owner & transaction history
Palm 5240 LLC
Palm 5240 LLC
since 2026
Last sale
$4.5M
6 recorded transactions
Zoning & alternative use
RMX · 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
$5,395,000
ML approach
$5,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.95M
Range $4.46M – $5.45M · ±10% · vs last sale $4.50M (Jun 9 2020)
Last sale anchor
$4.50M
Jun 9 2020
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
$524 / 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
$45,867
Tax year 2023
Assessed value
$3,603,984
Assessed 2023
Previous assessed
$3,603,984
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$2,617,005
Assessed improvement
$986,979
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
9,448 SF
Lot
1.3 ac (56,628 SF)
Zoning code
RMX
APN
417-140-15
UPID
US09-2294239
Jurisdiction
FRESNO
Zoning & alternative use
RMX · Fresno, CA
Zoning RMX · permitted uses
RMX · 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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Palm 5240 LLC
Entity
Mailing address
4795 AVE 120, CORCORAN, CA 93212-9776
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2026
$3,700,000
Palm 5240 LLC
Martin G Verhoeven Family Trust
Grant Deed
$2,400,000 · American Agcredit Aca
Jun 9, 2020
—
Verhoeven,martin G Fam Trust
Verhoeven Martin G F/tr
Quit Claim Deed
related
—
Sep 25, 2015
$4,500,000
Verhoeven,martin G Trust
Gunner R V & M S Trust
Grant Deed
—
Jan 25, 2005
—
Gunner Richard V & M S Trust
Gunner,richard V & Margaret S
Quit Claim Deed
related
—
—
—
Verhoeven,m G Family Trust
—
Deed Of Trust
related
$500,000 · Bank Of The Sierra
—
—
Verhoeven,m G Family Trust
—
Deed Of Trust
related
$2,115,000 · Bank Of The Sierra
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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