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Property profile & analytics
OFF-MARKET
Estimated value
$22,800,000
Motels
6844 Fresno St, Fresno, CA 93710-3738
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3735127
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2008
Construction
WOOD
Total area
66,997 SF
Lot
2.84 ac (123,710 SF)
Zoning code
O
APN
408-070-40
UPID
US09-3735127
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
-
SpringHill Suites Fresno Hotel & Motel
-
6844 North Fresno Street Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$22.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.64M
Blend (final)
Blend
$22.80M
Owner & transaction history
North Fresno Lodging LP · 2 yrs held
North Fresno Lodging LP
since 2024
Last sale
$22.8M
6 recorded transactions
Zoning & alternative use
O · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$23.3M
+80.9%
Restaurant
$15.8M
+22.5%
Medical building
$15.6M
+21.4%
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
$22,800,000
ML approach
$22,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$23,270,000
Change: +81% · Conversion: Difficult
RESTAURANT
$15,750,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$15,620,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$22.80M
Range $20.52M – $25.08M · ±10% · vs last sale $22.80M (Feb 14 2024)
Last sale anchor
$22.80M
Feb 14 2024
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
$340 / 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
$223,563
Tax year 2023
Assessed value
$17,608,721
Assessed 2023
Previous assessed
$17,608,721
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$3,416,957
Assessed improvement
$14,191,764
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Stories
4
Units
118
Total area
66,997 SF
Lot
2.84 ac (123,710 SF)
Zoning code
O
APN
408-070-40
UPID
US09-3735127
Jurisdiction
FRESNO
Zoning & alternative use
O · Fresno, CA
Zoning O · permitted uses
O · 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
COMMERCIAL (GENERAL)
Est. value
$23.3M
RESTAURANT
Est. value
$15.8M
MEDICAL BUILDING
Est. value
$15.6M
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
2008
Construction
WOOD
Heating
NONE
Stories
4
Units
118
Lot
2.84 ac
Current owner
From public records · entity-resolved
North Fresno Lodging LP
Entity
Mailing address
PO BOX 235927, ENCINITAS, CA 92023-5927
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2024
$22,800,000
North Fresno Lodging LP
Bre Ssp Property Owner LLC
Grant Deed
$28,500,000 · Wells Fargo Bank NA
Jul 18, 2017
—
Bre Ssp Property Owner LLC
—
Deed
related
—
Mar 28, 2014
—
Bre Ssp Property Owner LLC
Palmetto Hospitality Of Fresno
Grant Deed
—
May 2, 2013
—
Palmetto Hospitality Of Fresno II
—
Deed Of Trust
related
$165,000,000 · Bank Of America
Sep 1, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Palmetto Hospitality Of Fresno
—
Deed Of Trust
related
$14,000,666 · Bank Of America
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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