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Property profile & analytics
OFF-MARKET
Estimated value
$10,620,000
Apartment buildings
5550 Figarden Dr Fresno, CA 93722-3861
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5124917
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Construction
WOOD
Total area
111,149 SF
Lot
8.22 ac (358,063 SF)
Zoning code
RM1
APN
509-030-74S
UPID
US09-5124917
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
-
The Gates at Figarden Apartments Apartment Complex Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.62M
Owner & transaction history
Figarden Gates LLC · 8 yrs held
Figarden Gates LLC
since 2018
5 recorded transactions
Zoning & alternative use
RM1 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.7M
+24.1%
Auto repair, garage
$17.1M
+20.4%
Industrial (general)
$15.6M
+9.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$14,240,000
Current use
OFFICE BUILDING
$17,665,000
Change: +24% · Conversion: Moderate
AUTO REPAIR, GARAGE
$17,140,000
Change: +20% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,630,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$11,945,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$10.62M
Range $9.56M – $11.68M · ±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
$96 / 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
$178,841
Tax year 2023
Assessed value
$13,956,306
Assessed 2023
Previous assessed
$13,956,306
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,243,357
Assessed improvement
$11,712,949
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
2017
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Units
80
Bathrooms
1
Total area
111,149 SF
Lot
8.22 ac (358,063 SF)
Zoning code
RM1
APN
509-030-74S
UPID
US09-5124917
Jurisdiction
FRESNO
Zoning & alternative use
RM1 · Fresno, CA
Zoning RM1 · permitted uses
RM1 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$14.2M
OFFICE BUILDING
Est. value
$17.7M
AUTO REPAIR, GARAGE
Est. value
$17.1M
INDUSTRIAL (GENERAL)
Est. value
$15.6M
RETAIL STORES
Est. value
$11.9M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2017
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
80
Bathrooms
1
Lot
8.22 ac
Current owner
From public records · entity-resolved
Figarden Gates LLC
Entity
Mailing address
759 W ALLUVIAL AVE STE #102, FRESNO, CA 93711-5703
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2018
—
Figarden Gates LLC
—
Deed
related
$13,901,000 · Bellwether Ent Mtg Invs LLC
Mar 29, 2018
—
Figarden Gates LLC
—
Deed
related
$13,901,000 · Bellwether Ent Mtg Invs LLC
—
—
Figarden Gates LLC
—
Deed Of Trust
related
$11,200,000 · Bank Of The West
—
—
Figarden Gates LLC
—
Deed Of Trust
related
$13,901,000 · Bellwether Ent Mtg Invs LLC
—
—
Figarden Gates LLC
—
Deed Of Trust
related
$13,901,000 · Bellwether Ent Mtg Invs LLC
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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