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    6161 Spruce Ave Fresno, CA 93722-2342
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    Property profile & analytics

    6161 Spruce Ave, Fresno, CA 93722-2342

    View on Map
    • Specialty properties
    • 83,800 SF
    • 4.04 lot acres
    Off-Market
    Property ID
    US09-4698237
    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.
    Value Estimations
    $3,795,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kingston Bay Senior Living / Nursing Home / Retirement Community
    • Kingston Bay / Nursing Home / Retirement Community

    Property Details for 6161 Spruce Ave

    Year built
    2016
    Construction
    WOOD
    Lot size
    4.04 lot acres
    Zone code
    RM1
    Property type
    Specialty properties
    APN
    503-020-08
    APU
    50302008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 4, 2021 — Fresno Senior Housing Partners LLC — Deed · related $14.7M · Banc Of California NA
    Jul 31, 2018 — Fresno Senior Hsng Ptrs LLC — Deed · related $14.1M · Rabobank
    Feb 13, 2015 $751,500 Fresno Senior Housing Partners LLC Fresno Kingston Bay Investors LLC Grant Deed · related $13.8M · Wells Fargo Bank NA
    Jan 2, 2015 — Fresno-kingston Bay Investors Karraker 2002 Trust Quit Claim Deed —
    Apr 11, 2014 — Karraker 2002 Trust Fresno-kingston Bay Investors Grant Deed $400k · Fresno-kingston Bay Investors
    Nov 30, 2012 $750,000 Fresno-kingston Bay Investors Ald Management Corp Grant Deed —
    Aug 29, 2008 $700,000 Ald Management Corp Buffo,james V & Jan Grant Deed —
    Jun 29, 2004 $830,000 James V Buffo Coastal Vision INC Grant Deed $700k · Gsf Capital Partners
    Sep 5, 2003 $600,000 Coastal Vision INC Dictos,perry Grant Deed —
    Jan 23, 2003 — Rue,tr Rue,tr Quit Claim Deed · related —
    Jan 23, 2003 $182,500 P Dictos Kludt,tr Grant Deed —
    — — Fresno-kingston Bay Investors — Deed Of Trust · related $200k · Peter T Stravinski & Associate
    — — Ald Management Corp — Deed Of Trust · related $720k · Detweiler A L & F L Trust (pt)
    — — Fresno-kingston Bay Investors — Deed Of Trust · related $100k · Peter T Stravinski & Associate
    — — Coastal Vision INC — Deed Of Trust · related $600k · Rosen Trust
    — — Fresno Senior Hsng Ptrs LLC — Deed Of Trust · related $14.1M · Rabobank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $4,475,000
      Current use
      WAREHOUSE, STORAGE
      $4,565,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.903
    Latitude
    36.8401
    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
    $233,327
    $1,270,696
    $17,067,439
    $18,338,135
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
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      5425 Spruce Ave

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      CHARITABLE ORGANIZATION
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    • Value Estimation
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      51,363 SF

      4356 Ashlan Ave

      CHARITABLE ORGANIZATION
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      View Details

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    • $399,000
      97,574.00 Acres

      Residential Land in Fresno, CA

      2.24 acres of residentially zoned land ready for development.
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      Land For Sale

      Land available for sale.
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      39,695 SF

      Manufacturing Building with Large Yard

      Manufacturing building with large yard and highway access for sale.
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      Vacant Land on Signalized Corner

      1.38 acres of vacant land on busiest expressway.
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    Similar Nearby for Lease

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      1,750 SF

      Industrial Space Available For Rent

      1,750 square feet of industrial space for lease.
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      Retail Space on Shaw Avenue

      Retail space in a busy retail corridor.
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      Blythe Avenue Flex Space

      Flex space with easy access to Fresno and amenities.
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      Industrial Space Available For Lease

      Industrial space available for lease in Fresno, California.
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      Retail Space in Mendota, CA

      1,000 SF retail space available for lease.
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    • Contact for pricing
      2,264 SF

      Freestanding Retail Building with Drive-Thru

      Newly constructed retail building with drive-thru, high traffic location.
      5380 W Spruce Ave, Fresno, CA 93722
      View Details
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    6161 Spruce Ave
    Fresno, CA 93722-2342
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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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