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    Property profile & analytics

    6063 College Ave, Unit 101 Fresno, CA 93704-1721

    • Apartment buildings
    • 12,639 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    May 28, 2021
    $1,500,000
    Value Estimations
    $1,765,000
    Show details
    Cap Rate Potential
    7.3%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-2600600
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 6063 College Ave

    Year built
    1978
    Construction
    WOOD
    Lot size
    1.10 lot acres
    Property size
    12,639 SF
    Zone code
    RM1
    Property type
    Apartment buildings
    APN
    407-391-48
    APU
    40739148

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,985,000
      ML approach
      $1,840,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,415,000
      6.5%
      $2,230,000
      7%
      $2,070,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,104,000
      Market price range: $1.34M - $2.10M
      AI Estimate
      $1,183,000
      Market price range: $403k - $1.28M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,620,000
      Current use
      MEDICAL BUILDING
      $2,540,000
      Change: +57% Conversion: Moderate
      OFFICE BUILDING
      $2,010,000
      Change: +24% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,950,000
      Change: +20% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,775,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $1,330,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.797
    Latitude
    36.8242
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,943
    $348,534
    $1,212,066
    $1,560,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,660 SF

      805 Cambridge Ave

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      805 Cambridge Ave, Fresno, CA 93704-6100
      View Details
    • Value Estimation
      $4,975,000
      47,072 SF

      5433 Palm Ave

      APARTMENT HOUSE (5+ UNITS) • 47,072 SF
      5433 Palm Ave, Fresno, CA 93704
      View Details
    • Value Estimation
      $5,360,000
      45,440 SF

      330 Sierra Ave, Unit 101

      APARTMENT HOUSE (5+ UNITS) • 45,440 SF
      330 Sierra Ave, Fresno, CA 93704-1253
      View Details
    • Value Estimation by Request
      3,686 SF

      1130 Vassar Ave

      APARTMENT HOUSE (5+ UNITS) • 3,686 SF
      1130 Vassar Ave, Fresno, CA 93704-6226
      View Details
    • Value Estimation
      $2,050,000
      22,490 SF

      51 Dakota Ave

      APARTMENT HOUSE (5+ UNITS) • 22,490 SF
      51 Dakota Ave, Fresno, CA 93704-4065
      View Details
    • Value Estimation
      $1,505,000
      17,024 SF

      3950 Del Mar Ave

      APARTMENT HOUSE (5+ UNITS) • 17,024 SF
      3950 Del Mar Ave, Fresno, CA 93704-4403
      View Details

    Similar Nearby for Sale

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      3,900 SF

      Fresno Multifamily Value-Add

      Five-unit apartment complex, high potential.
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    • $2,000,000
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      Condo Units in Gated Community

      Eight condo units in Northwest Fresno's Chateau Wishon community.
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      Fresno Fourplex Near City College

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    • New
      $319,000
      Pending

      Fresno Multifamily Property For Sale

      Multifamily property with long-term tenants and separate yards in Fresno.
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    • Contact for pricing
      1,736 SF

      Remodeled Fresno Home with Upgrades

      Updated Fresno home featuring remodeled kitchen, updated bathrooms, and private patio.
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    • $725,000
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      325 Shields Ave

      Retail space • 8,332 SF
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    Similar Nearby for Lease

    • Contact for pricing
      6,019 SF

      Fresno Retail/Office Space For Lease

      Prime Fresno location, 6,019 sq ft, ample parking.
      5210 Palm Ave, Fresno, CA 93704
      View Details
    • $1.85 SF/Yr

      Renovated Class A Office Center

      Premier Fresno office complex with recent renovations and convenient location.
      6715 N Palm Ave, Fresno, CA 93704
      View Details
    • $22 SF/Yr
      33,944 SF

      North Pointe Center: Fresno Office Space

      Class A Fresno office suites, 7 spaces available.
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      View Details
    • $1.95 SF/Yr
      3,337 SF

      Fresno Office Space Available

      3,337 square feet of office space for rent.
      6425 N Palm Ave, Fresno, CA 93704
      View Details
    • $27 SF/Yr
      1,938 SF

      Fresno Retail Space: Shaw Ave

      1,938 SF Power Center Available
      680 Shaw Ave, Fresno, CA 93704
      View Details
    • Contact for pricing
      2,850 SF

      Retail Space Near Fig Garden

      Retail space with high visibility and traffic near professional offices.
      411-435 W Shaw Ave, Fresno, CA 93704
      View Details
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    Fresno, CA 93704-1721
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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