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Property profile & analytics
OFF-MARKET Estimated value $2,790,000
Warehouses

651 Armstrong Ave Fresno, CA 93727-2935

28,304 SF 2.56 ac lot Built 2018
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US09-5646614
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2018
Construction TILT-UP CONCRETE
Total area 28,304 SF
Lot 2.56 ac (111,513 SF)
Zoning code IL
APN 313-890-25S
UPID US09-5646614
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
Current use
Occupant on record · Public records
  • Vivint Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.79M
Comparable Approach Comparable
$2.07M
Blend (final) Blend
$2.79M
Owner & transaction history
651 N Armstrong Avenue LP · 6 yrs held
651 N Armstrong Avenue LP
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
IL · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Caretaker Residence IL,* HL* Colleges & Trade Schools, Public or Private O,* BP,* RBP,* IL, HL Community & Religious Assembly (less than 2,000 SF) O, BP, RBP, IL Community & Religious Assembly (more than 2,000 SF) O Community Garden O, BP, RBP, IL, HL Cultural Institutions | Day Care Centers O, BP, RBP Emergency Shelter RBP, IL Government Offices | Offices O…

Zone name Light Industrial
General category INDUSTRIAL
Zone area 4,215.20 ac
Top alternative use upside
Auto repair, garage $4.4M +51.1%
Industrial (general) $4.0M +37.8%
Apartment house (5+ units) $3.9M +33.4%
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