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Property profile & analytics
OFF-MARKET
Estimated value
$3,380,000
Apartment buildings
5322 6th St Fresno, CA 93710-7370
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2947722
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
19,428 SF
Lot
0.74 ac (32,336 SF)
Zoning code
RM3
APN
418-151-29S
UPID
US09-2947722
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
$3.45M
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$3.38M
Owner & transaction history
Exanova LP · 4 yrs held
Exanova LP
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
RM3 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+45.8%
Medical building
$4.5M
+44.5%
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
$3,500,000
ML approach
$3,445,000
CAP Approach
CAP Return
Estimation
6%
$3,715,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,135,000
Current use
RESTAURANT
$4,570,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$4,530,000
Change: +45% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,995,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$2,885,000
Change: -8% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,730,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.38M
Range $3.04M – $3.72M · ±10% · vs last sale $2.96M (Mar 4 2022)
Last sale anchor
$2.96M
Mar 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
$174 / 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
$42,721
Tax year 2023
Assessed value
$3,319,830
Assessed 2023
Previous assessed
$3,319,830
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$163,200
Assessed improvement
$3,156,630
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
NONE
Cooling
EVAPORATIVE
Stories
2
Units
30
Bathrooms
30
Total area
19,428 SF
Lot
0.74 ac (32,336 SF)
Zoning code
RM3
APN
418-151-29S
UPID
US09-2947722
Jurisdiction
FRESNO
Zoning & alternative use
RM3 · Fresno, CAZoning RM3 · permitted uses
RM3 · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.1M
RESTAURANT
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1963
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
30
Bathrooms
30
Lot
0.74 ac
Current owner
From public records · entity-resolved
Exanova LP
Entity
Mailing address
PO BOX 280188, NORTHRIDGE, CA 91328-0188
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
—
Exanova LP
—
Deed
related
$5,189,000 · Readycap Commercial LLC
Mar 4, 2022
$2,957,000
Exanova LP
Darren Hiyama Kings Court LLC
Grant Deed
—
Dec 16, 2019
$4,960,000
Darren Hiyama King S Court LLC
Pol Nasser
Grant Deed
$3,670,000 · Sabal Capital II LLC
Jun 14, 2017
—
Nasser Pol
—
Grant Deed
related
$1,930,500 · Luther Burbank Svgs
Dec 23, 2002
$861,500
Nasser Pol
Gambril,rick & Teri K
Grant Deed
$350,000 · Rahim Morid
Jun 13, 1994
$1,368,000
Gambril,rick & Teri K
Mcmahon Trust
Trustees Deed
$1,343,108 · Seller
Jun 13, 1994
$270,000
Mcmahon Trust
Halseth,alden E
Trustees Deed
—
Jun 23, 1980
—
—
—
Grant Deed
related
—
—
—
Nasser Pol
—
Deed Of Trust
related
$750,000 · Jamal & Rafi Rabbani
—
—
Nasser Pol
—
Deed Of Trust
related
$1,000,000 · Rabbani J & R 1991 Trust (pt)
—
—
Nasser Pol
—
Deed Of Trust
related
$150,000 · Mohammad Modirzadeh
—
—
Nasser Pol
—
Deed Of Trust
related
$934,250 · East West 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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