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Property profile & analytics
FOR LEASE
Strip malls
6735 N 1St St Fresno, CA 93710
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-3099048
For Lease
1 / 2
$1,410,000
6735 N 1St St, Fresno, CA 93710
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Construction
WOOD
Total area
70,614 SF
Lot
6.73 ac (293,158 SF)
Zoning code
CC
APN
408-070-11
UPID
US09-3099048
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
-
Bullpen (Bike/Boat/Book/etc) Store
-
Deli Delicious Take-out & Catering
-
Valley Fitness Gym & Fitness Center
-
Iron Gate Martial Arts Training Center Sports School
-
Pacific Martial Arts Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.41M
Owner & transaction history
Herndon Village Center LLC · 13 yrs held
Herndon Village Center LLC
since 2013
7 recorded transactions
Zoning & alternative use
CC · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,680,000
Current use
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±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
$20 / 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
$98,559
Tax year 2023
Assessed value
$7,700,000
Assessed 2023
Previous assessed
$7,700,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,400,000
Assessed improvement
$4,300,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1980
Construction
WOOD
Heating
NONE
Stories
1
Total area
70,614 SF
Lot
6.73 ac (293,158 SF)
Zoning code
CC
APN
408-070-11
UPID
US09-3099048
Jurisdiction
FRESNO
Zoning & alternative use
CC · Fresno, CA
Zoning CC · permitted uses
CC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1980
Construction
WOOD
Heating
NONE
Stories
1
Lot
6.73 ac
Current owner
From public records · entity-resolved
Herndon Village Center LLC
Entity
Mailing address
6475 N PALM AVE STE #101, FRESNO, CA 93704-1083
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
—
Village Center LLC
—
Deed
related
$1,340,683 · Douglas G Robarts Separate Property Trus
May 28, 2013
—
Herndon Village Center LLC
Herndon Village Center LLC
Quit Claim Deed
related
$2,085,000 · Symetra Life Insurance Co
Jun 11, 2007
—
Herndon Village Center LLC
Robarts Properties II
Quit Claim Deed
related
—
Feb 22, 2005
—
Robarts Properties II
Robarts Family Trust
Quit Claim Deed
related
—
Dec 1, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 19, 1996
—
Robarts Trust
Robarts,robert G & Betty
Quit Claim Deed
related
—
Oct 6, 1980
$1,300,000
Robarts,robert Grant & Betty M Trust
—
Grant Deed
related
—
Apr 14, 1978
$727,000
—
—
Grant Deed
related
—
—
—
Robarts Properties II
—
Deed Of Trust
related
$2,105,800 · Symetra Life Insurance Co
—
—
Roberts Trust
—
Deed Of Trust
related
$2,400,000 · Union Bank Of California
—
—
Gas Pacific
—
Deed Of Trust
related
$2,500,000 · Sun Life Assurance Co Canada
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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