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Property profile & analytics
OFF-MARKET
Estimated value
$8,650,000
Apartment buildings
6549 Palm Ave 101 Fresno, CA 93704-1067
Individually Owned
23-yr Hold
Free & Clear
Property ID
US09-2595164
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD
Total area
91,784 SF
Lot
7.56 ac (329,313 SF)
Zoning code
RM1
APN
407-020-35
UPID
US09-2595164
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
-
Palm Mission Village & Estates Apartment Complex
-
Tennis court Sports Field & Court Sports School
-
Karl's Maintenance & Home Rpr Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.28M
Blend (final)
Blend
$8.65M
Owner & transaction history
Bourn,tr · 23 yrs held
Bourn,tr
since 2002
5 recorded transactions
Zoning & alternative use
RM1 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.2M
+20.2%
Industrial (general)
$12.9M
+9.6%
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)
$11,775,000
Current use
AUTO REPAIR, GARAGE
$14,150,000
Change: +20% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$12,905,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$9,660,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$8.65M
Range $7.79M – $9.52M · ±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
$94 / 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
$99,304
Tax year 2023
Assessed value
$7,733,063
Assessed 2023
Previous assessed
$7,733,063
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,538,689
Assessed improvement
$6,194,374
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
1990
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
88
Bathrooms
2
Total area
91,784 SF
Lot
7.56 ac (329,313 SF)
Zoning code
RM1
APN
407-020-35
UPID
US09-2595164
Jurisdiction
FRESNO
Zoning & alternative use
RM1 · Fresno, CA
Zoning RM1 · permitted uses
RM1 · 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
$11.8M
AUTO REPAIR, GARAGE
Est. value
$14.2M
INDUSTRIAL (GENERAL)
Est. value
$12.9M
RETAIL STORES
Est. value
$9.7M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1990
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
88
Bathrooms
2
Lot
7.56 ac
Current owner
From public records · entity-resolved
Bourn,tr
Individual
Free & Clear · 23 yrs held
Mailing address
6485 N PALM AVE STE #101, FRESNO, CA 93704-1072
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2002
—
Bourn,tr
Bourn,tr
Quit Claim Deed
related
—
May 15, 2002
—
Bourn Family LLC
Union Bank Of California
Grant Deed
related
—
Apr 28, 1994
—
Agnes M Bourn Estate
Southstar Enterp
Grant Deed
related
—
Sep 22, 1993
$4,300,000
Southstar Enterprises
Lattanzio,nick &
Grant Deed
—
Dec 28, 1988
$740,000
Nick Lattanzio
Unknown
Grant Deed
—
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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