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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    621 Fallbrook Ave Fresno, CA 93711-5711

    • Medical offices
    • 8,472 SF
    • 0.88 lot acres
    OFF-MARKET
    Last Sale
    Jan 22, 2021
    $2,850,000
    Value Estimations
    $2,795,000
    Show details
    Cap Rate Potential
    4.2%
    Medical offices
    Location Intelligence
    Property ID
    US09-3389340
    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

    • Pet Medical Center & Spa: Johnston Sharon DVM / Veterinary Clinic
    • Pet Medical Center & Spa / Veterinary Clinic

    Property Details for 621 Fallbrook Ave

    Year built
    2004
    Construction
    WOOD
    Lot size
    0.88 lot acres
    Property size
    8,472 SF
    Zone code
    IL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    405-534-02
    APU
    40553402

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,750,000
      ML approach
      $2,735,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,920,000
      6.5%
      $1,775,000
      7%
      $1,645,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,502,000
      Market price range: $1.04M - $2.50M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,705,000
      Current use
      COMMERCIAL (GENERAL)
      $2,945,000
      Change: +73% Conversion: Easy
      RESTAURANT
      $1,990,000
      Change: +17% Conversion: Difficult
      OFFICE BUILDING
      $1,680,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.804
    Latitude
    36.849
    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
    $35,980
    $754,290
    $2,210,850
    $2,965,140
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $640,000
      4,608 SF

      1340 Herndon Ave Ste, Unit 101

      MEDICAL BUILDING • 4,608 SF
      1340 Herndon Ave Ste, Fresno, CA 93711-7180
      View Details
    • Value Estimation
      $1,185,000
      11,118 SF

      1543 Shaw Ave

      MEDICAL BUILDING • 11,118 SF
      1543 Shaw Ave, Fresno, CA 93711-3503
      View Details
    • Value Estimation
      $525,000
      4,718 SF

      1201 Shaw Ave

      MEDICAL BUILDING • 4,718 SF
      1201 Shaw Ave, Fresno, CA 93711-3707
      View Details
    • Value Estimation
      $1,335,000
      8,192 SF

      7585 Colonial Ave

      MEDICAL BUILDING • 8,192 SF
      7585 Colonial Ave, Fresno, CA 93711-5888
      View Details
    • Value Estimation
      $2,860,000
      9,480 SF

      7766 Palm Ave

      MEDICAL BUILDING • 9,480 SF
      7766 Palm Ave, Fresno, CA 93711-5734
      View Details
    • Value Estimation
      $1,310,000
      7,104 SF

      1275 Shaw Ave

      MEDICAL BUILDING • 7,104 SF
      1275 Shaw Ave, Fresno, CA 93711-3710
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,000 SF

      Fresno Medical Office Development

      Prime Fresno location, flexible space.
      0 Swc Brawley & Herndon Aves, Fresno, CA 93711
      View Details
    • Contact for pricing
      4,818 SF

      Fresno Office Space For Sale

      Office space with Herndon Avenue frontage in Northwest Fresno.
      3585 W Beechwood Ave, Fresno, CA 93711
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    • Contact for pricing
      10,298 SF

      Corner Lot Office/Flex Building

      Office/flex building on a prime corner lot with high visibility.
      655 W Alluvial Ave, Fresno, CA 93711
      View Details
    • $5,700,000
      11,989 SF

      Fresno Office Building For Sale

      Office building with 11,989 square feet of space available.
      740 W Alluvial Ave, Fresno, CA 93711
      View Details
    • $3,354,000
      15,974 SF

      Fresno Office Building - $3.3M

      15,974 SF Office, Excellent Location
      2580 Shaw Ln, Fresno, CA 93711
      View Details
    • $289,900

      Spacious Fresno Home with Updates

      Meticulously maintained home featuring updated kitchen, dual-pane windows, and community pool.
      5072 N Forkner Ave, Fresno, CA 93711
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      4,300 SF

      Shaw Ave Medical Office Space

      ±1,200 SF Fresno medical office. Move-in ready.
      1284 Shaw Ave, Fresno, CA 93711
      View Details
    • $54 SF/Yr
      6,917 SF

      Shaw Ave Office Suites Available

      Fresno office spaces, 115-273 sq ft.
      1265 Shaw Ave, Fresno, CA 93711
      View Details
    • $10 SF/Yr
      5,657 SF

      Fresno Office Space Available

      Flexible workspace solutions in Fresno, CA.
      1690 1St St, Fresno, CA 93711
      View Details
    • $1.35 SF/Yr
      1,770 SF

      Move-In Ready Office Space

      Freestanding office building with ample parking and convenient location.
      1275 W Shaw Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      10,565 SF

      Class A Single Story Building

      Single story office building with ample parking and security.
      7795 N Palm Ave, Fresno, CA 93711
      View Details
    • Contact for pricing
      2,323 SF

      Fresno Office Space Available

      Office space available for rent in Fresno, California.
      5701 N West Ave, Fresno, CA 93711
      View Details
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    621 Fallbrook Ave
    Fresno, CA 93711-5711
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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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