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Property profile & analytics
OFF-MARKET
Estimated value
$13,090,000
Apartment buildings
5631 Cedar Ave Fresno, CA 93710
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2693401
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
75,040 SF
Lot
3.47 ac (151,153 SF)
Zoning code
RM3
APN
418-070-16
UPID
US09-2693401
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
$11.14M
CAP Approach
CAP
$13.25M
Comparable Approach
Comparable
$14.66M
Blend (final)
Blend
$13.09M
Owner & transaction history
5631 Cedar Tree LP · 6 yrs held
5631 Cedar Tree LP
since 2020
Last sale
$12.8M
6 recorded transactions
Zoning & alternative use
RM3 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.6M
+45.8%
Medical building
$17.5M
+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
$13,980,000
ML approach
$11,140,000
CAP Approach
CAP Return
Estimation
6%
$14,350,000
6.5%
$13,245,000
7%
$12,300,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,105,000
Current use
RESTAURANT
$17,645,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$17,495,000
Change: +45% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,570,000
Change: -4% · Conversion: Difficult
OFFICE BUILDING
$11,135,000
Change: -8% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$10,550,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$13.09M
Range $11.78M – $14.40M · ±10% · vs last sale $12.75M (Mar 20 2020)
Last sale anchor
$12.75M
Mar 20 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
$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
$1,281
Tax year 2023
Assessed value
$8,497,185
Assessed 2023
Previous assessed
$8,497,185
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$832,533
Assessed improvement
$7,664,652
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
1976
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
92
Bathrooms
92
Total area
75,040 SF
Lot
3.47 ac (151,153 SF)
Zoning code
RM3
APN
418-070-16
UPID
US09-2693401
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
$12.1M
RESTAURANT
Est. value
$17.6M
MEDICAL BUILDING
Est. value
$17.5M
AUTO REPAIR, GARAGE
Est. value
$11.6M
OFFICE BUILDING
Est. value
$11.1M
INDUSTRIAL (GENERAL)
Est. value
$10.6M
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
1976
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
92
Bathrooms
92
Lot
3.47 ac
Current owner
From public records · entity-resolved
5631 Cedar Tree LP
Entity
Mailing address
6521 CORDOBA RD STE #2, GOLETA, CA 93117-4867
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2020
—
5631 Cedar Tree LP
—
Deed
related
$8,600,000 · Wells Fargo Bank NA
Mar 20, 2020
$12,750,000
5631 Cedar Tree LP
Kings Cyn Affordable Fam Hsng
Grant Deed
—
Oct 31, 2017
—
Kings Affrdable Familyhousin L
—
Loan Modification
related
$6,743,409 · United Sec Bk
Jul 12, 2016
$1,794,500
Kings Canyon Affordable Family Hous
Zanzara LP
Grant Deed
$6,000,000 · United Security Bank
Jul 21, 1998
—
Zanzara LP
Peppertree Investors
Grant Deed
$2,030,000 · Tri Capital Corp
May 31, 1991
$2,568,000
Inves Peppertree
Ashley,charles R
Grant Deed
$2,000,000 · Wells Fargo 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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