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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Medical Office Space
7055 Milburn Ave Fresno, CA 93722
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-1476338
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
WOOD
Total area
14,860 SF
Lot
1.53 ac (66,646 SF)
Zoning code
O
APN
502-032-01
UPID
US09-1476338
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
-
Elijah & Sons Plumbing Services Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.37M
Owner & transaction history
William M Schiff · 7 yrs held
William M Schiff
since 2019
7 recorded transactions
Zoning & alternative use
O · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
O: Provides sites for administrative, financial, business, professional, medical, & public offices BP / RBP: Provides campus-type office professional environments & technology development IL: Provides areas for a diverse range of light industrial uses (research, development, fabrication, etc.) IH: Broadest range of industrial uses that are essential to the d…
Zone name
Office
General category
COMMERCIAL
Zone area
1,374.39 ac
Top alternative use upside
Restaurant
$3.5M
+17.0%
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%
$2,870,000
6.5%
$2,650,000
7%
$2,460,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,985,000
Current use
RESTAURANT
$3,495,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±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
$159 / 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
$46,514
Tax year 2023
Assessed value
$3,610,000
Assessed 2023
Previous assessed
$3,610,000
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$750,000
Assessed improvement
$2,860,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
NONE
Stories
2
Total area
14,860 SF
Lot
1.53 ac (66,646 SF)
Zoning code
O
APN
502-032-01
UPID
US09-1476338
Jurisdiction
FRESNO
Zoning & alternative use
O · Fresno, CAZoning O · permitted uses
O · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
O: Provides sites for administrative, financial, business, professional, medical, & public offices BP / RBP: Provides campus-type office professional environments & technology development IL: Provides areas for a diverse range of light industrial uses (research, development, fabrication, etc.) IH: Broadest range of industrial uses that are essential to the development of a balanced economic base O These images have been provided as examples of comparable product in Fresno, California IH IL BP / RBP * See Development Code for specific limitations
Zone name
Office
General category
COMMERCIAL
Zone area
1,374.39 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.0M
RESTAURANT
Est. value
$3.5M
MEDICAL BUILDING Current
RESTAURANT
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
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
William M Schiff
Individual
Mailing address
7119 N BENGSTON AVE, FRESNO, CA 93711-7140
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2019
$2,080,000
William M Schiff
Nasir Baz Malik
Grant Deed
$2,366,000 · Westamerica Bank
Mar 1, 2019
—
William M Schiff
William M Schiff
Intrafamily Transfer
related
—
Sep 2, 2014
—
Sawl,ron & Lynn Living Trust
Sawl,harry R
Quit Claim Deed
related
—
Jul 11, 2007
—
Baz Family Trust
—
Trustees Deed
related
$3,175,000 · Citizens Business Bank
Apr 11, 2006
$1,550,000
Baz Family Trust
Butler Trust
Grant Deed
$562,500 · Citizens Business Bank
Apr 11, 2006
—
Harry R Sawl
Sawl,lynn S
Quit Claim Deed
related
—
Apr 1, 2006
$1,550,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
$562,500 · Citizens Business Bank
—
—
Baz Family Trust
—
Deed Of Trust
related
$3,685,000 · Union Bank Of California
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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