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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Warehouses
5249 Cornelia Ave Fresno, CA 93722-6402
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2932619
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
TYPE NOT SPECIFIED
Total area
13,340 SF
Lot
9.83 ac (428,194 SF)
Zoning code
IL
APN
509-050-01
UPID
US09-2932619
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
-
Modern Truck Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.44M
Owner & transaction history
Pardeep Singh · 11 yrs held
Pardeep Singh
since 2015
7 recorded transactions
Zoning & alternative use
IL · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+70.2%
Auto repair, garage
$2.1M
+65.1%
Industrial (general)
$1.9M
+50.5%
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%
$1,985,000
6.5%
$1,830,000
7%
$1,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,245,000
Current use
OFFICE BUILDING
$2,120,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,055,000
Change: +65% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,875,000
Change: +51% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,710,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$108 / 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
$23,049
Tax year 2024
Assessed value
$1,708,506
Assessed 2024
Previous assessed
$1,708,506
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,237,195
Assessed improvement
$471,311
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
13,340 SF
Lot
9.83 ac (428,194 SF)
Zoning code
IL
APN
509-050-01
UPID
US09-2932619
Jurisdiction
FRESNO
Zoning & alternative use
IL · Fresno, CA
Zoning IL · permitted uses
IL · 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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1982
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
9.83 ac
Current owner
From public records · entity-resolved
Pardeep Singh
Individual
Mailing address
5579 N CONTESSA AVE, FRESNO, CA 93723-7644
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2015
—
Pardeep Singh
Toor Karamjit K
Quit Claim Deed
related
—
May 29, 2015
$1,450,000
Pardeep Singh
Timothy H Blagen
Grant Deed
$1,000,000 · Premier Valley Bank
Sep 21, 2009
—
Blagen T H & M R Family Trust
Blagen,timothy H
Quit Claim Deed
related
—
Sep 18, 2009
—
Timothy H Blagen
Blagen,michelle R
Quit Claim Deed
related
—
Jul 22, 2009
—
Timothy H Blagen
Blagen,kurt
Quit Claim Deed
related
—
Dec 28, 2007
—
Blagen T H & M R Family Trust
—
Trustees Deed
related
$21,000 · Premier Valley Bank
Jul 2, 2003
—
Blagen,tr
Blagen,timothy
Quit Claim Deed
related
—
May 7, 2002
—
Kurt Blagen
Blagen,peggy C
Quit Claim Deed
related
—
Aug 4, 2000
—
Nels J Blagen Estate
Blagen,janis A
Quit Claim Deed
related
—
May 23, 1996
—
Butterfield Trust
Butterfield,philip A
Quit Claim Deed
related
—
—
—
Blagen T H & M R Family Trust
—
Deed Of Trust
related
$335,000 · Kurt Blagen
—
—
Valley Land Development LLC
—
Deed Of Trust
related
$500,000 · California Bank & Trust
—
—
Blagen T H & M R Family Trust
—
Deed Of Trust
related
$500,000 · Premier Valley Bank
—
—
Blagen T H & M R Trust
—
Deed Of Trust
related
$643,946 · Premier Valley Bank
—
—
Blagen T H & M R Family Trust
—
Deed Of Trust
related
$543,946 · Premier Valley 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.
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