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Property profile & analytics
OFF-MARKET
Estimated value
$7,340,000
Apartment buildings
5715 Beck Ave Fresno, CA 93727-4335
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-0601760
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
82,984 SF
Lot
4.09 ac (178,160 SF)
Zoning code
CMX
APN
313-021-04
UPID
US09-0601760
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
by Request
Comparable Approach
Comparable
$9.69M
Blend (final)
Blend
$7.34M
Owner & transaction history
Redwood LP · 2 yrs held
Redwood LP
since 2023
7 recorded transactions
Zoning & alternative use
CMX · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$11.7M
+3.3%
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)
$11,300,000
Current use
INDUSTRIAL (GENERAL)
$11,670,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$9,435,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$7.34M
Range $6.61M – $8.07M · ±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
$88 / 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
$67,636
Tax year 2023
Assessed value
$5,466,084
Assessed 2023
Previous assessed
$5,466,084
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$568,913
Assessed improvement
$4,897,171
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
1971
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
92
Bathrooms
2
Total area
82,984 SF
Lot
4.09 ac (178,160 SF)
Zoning code
CMX
APN
313-021-04
UPID
US09-0601760
Jurisdiction
FRESNO
Zoning & alternative use
CMX · Fresno, CA
Zoning CMX · permitted uses
CMX · 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
$11.3M
INDUSTRIAL (GENERAL)
Est. value
$11.7M
OFFICE BUILDING
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1971
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
92
Bathrooms
2
Lot
4.09 ac
Current owner
From public records · entity-resolved
Redwood LP
Entity
Mailing address
PO BOX 280188, NORTHRIDGE, CA 91328-0188
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2024
—
Redwood LP
—
Deed
related
$9,500,000 · Jackson Flagstar Centre Office
Dec 19, 2023
—
Redwood LP
Meganova LP
Grant Deed
$9,500,000 · Jackson Flagstar Centre Office
Jun 9, 2020
—
Meganova L P Ls
—
Deed
related
$6,405,000 · Homestreet Bank
Apr 15, 2016
$4,800,000
Meganova LP
Omninet Fresno LP
Grant Deed
$3,360,000 · Banner Bank
Dec 28, 2012
—
Omninet Fresno LP
5715 Beck Associates LP
Grant Deed
$11,250,000 · Bank Of America
Mar 17, 2011
—
5715 Beck Associates LP
Oreo Corp
Grant Deed
$1,578,000 · Nf Cap Fin Fresno LP
Jul 30, 2010
$3,320,050
Oreo Corp
Trustee Corps
Trustees Deed
related
—
May 26, 2006
—
Bascom Beck Avenue Apartments
—
Deed Of Trust
related
$29,870,000 · Key Bank NA
Nov 1, 2002
—
Bascom Beck Avenue Apartment
Portfolio Apartments LLC
Grant Deed
$3,150,000 · Gmac Commercial Mortgage Corp
May 23, 1996
$750,000
John Hovannisian
Household Bank
Grant Deed
$250,000 · Household Commercial Ca INC
Mar 25, 1994
$1,400,000
Household Bank
Grynick,paul R &
Trustees Deed
related
—
Apr 5, 1989
—
Household Bank
Web Service Co I
Quit Claim Deed
related
—
Apr 5, 1989
$170,000
Grynick,paul R &
Hughey Financial
Trustees Deed
$160,000 · Household Bank
Apr 5, 1989
$1,000
Hughey Financial
Household Bank
Trustees Deed
related
—
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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