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Property profile & analytics
OFF-MARKET
Estimated value
$11,930,000
Apartment buildings
525 Bigger St, Parlier, CA 93648
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-5710427
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Construction
WOOD
Total area
68,353 SF
Lot
4.7 ac (204,732 SF)
Zoning code
R2
APN
355-280-08
UPID
US09-5710427
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
by Request
CAP Approach
CAP
$13.30M
Comparable Approach
Comparable
$12.25M
Blend (final)
Blend
$11.93M
Owner & transaction history
Parlier Oak Grove LP · 5 yrs held
Parlier Oak Grove LP
since 2020
1 recorded transaction
Zoning & alternative use
R2 · Parlier, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.6M
+67.6%
Medical building
$13.3M
+53.4%
Office building
$11.6M
+33.2%
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 Parlier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parlier 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%
$14,405,000
6.5%
$13,300,000
7%
$12,350,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,695,000
Current use
RESTAURANT
$14,570,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$13,335,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$11,580,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,035,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$7,355,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,280,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$11.93M
Range $10.74M – $13.12M · ±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
$175 / 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
$5,320
Tax year 2023
Assessed value
$10,749,943
Assessed 2023
Previous assessed
$10,749,943
+0.0% YoY
Effective rate
0.05%
On assessed value
Assessed land
$448,394
Assessed improvement
$10,301,549
Applied tax rate
7.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
NONE
Stories
2
Units
56
Bathrooms
1
Total area
68,353 SF
Lot
4.7 ac (204,732 SF)
Zoning code
R2
APN
355-280-08
UPID
US09-5710427
Jurisdiction
FRESNO
Zoning & alternative use
R2 · Parlier, CA
Zoning R2 · permitted uses
R2 · Parlier, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parlier. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.7M
RESTAURANT
Est. value
$14.6M
MEDICAL BUILDING
Est. value
$13.3M
OFFICE BUILDING
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$10.0M
RETAIL STORES
Est. value
$7.4M
INDUSTRIAL (GENERAL)
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2020
Construction
WOOD
Heating
NONE
Stories
2
Units
56
Bathrooms
1
Lot
4.7 ac
Current owner
From public records · entity-resolved
Parlier Oak Grove LP
Entity
Mailing address
1331 FULTON ST, FRESNO, CA 93721-1630
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2020
—
Parlier Oak Grove LP
—
Deed
related
$766,000 · Wells Fargo Bank NA
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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