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    Property profile & analytics

    708 Bullard Ave Fresno, CA 93704-1612

    • Apartment buildings
    • 18,509 SF
    • 1.59 lot acres
    OFF-MARKET
    Last Sale
    Jan 10, 2024
    $890,000
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3032947
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • L'Alayne Place / Apartment Building

    Property Details for 708 Bullard Ave

    Year built
    1971
    Construction
    WOOD
    Lot size
    1.59 lot acres
    Property size
    18,509 SF
    Zone code
    RM1
    Property type
    Apartment buildings
    APN
    407-231-18
    APU
    40723118

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $890,000
      ML approach
      $890,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,242,000
      Market price range: $591k - $1.88M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fresno
    County
    Fresno
    State
    California
    Longitude
    -119.806
    Latitude
    36.8236
    CBSA code
    23420
    CBSA name
    FRESNO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,056
    $445,218
    $1,193,379
    $1,638,597
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $800,000
      7,116 SF

      937 Ashlan Ave, Unit A

      APARTMENT HOUSE (5+ UNITS) • 7,116 SF
      937 Ashlan Ave, Fresno, CA 93704-3858
      View Details
    • Value Estimation
      $2,005,000
      22,032 SF

      717 Bullard Ave

      APARTMENT HOUSE (5+ UNITS) • 22,032 SF
      717 Bullard Ave, Fresno, CA 93704-1635
      View Details
    • Value Estimation
      $5,155,000
      57,864 SF

      5268 San Pablo Ave

      APARTMENT HOUSE (5+ UNITS) • 57,864 SF
      5268 San Pablo Ave, Fresno, CA 93704-2726
      View Details
    • Value Estimation
      $1,730,000
      20,114 SF

      3728 Palm Ave

      APARTMENT HOUSE (5+ UNITS) • 20,114 SF
      3728 Palm Ave, Fresno, CA 93704-4725
      View Details
    • Value Estimation by Request
      3,099 SF

      407 Garland Ave

      APARTMENT HOUSE (5+ UNITS) • 3,099 SF
      407 Garland Ave, Fresno, CA 93704-4712
      View Details
    • Value Estimation
      $1,230,000
      13,171 SF

      4671 Glenn Ave

      APARTMENT HOUSE (5+ UNITS) • 13,171 SF
      4671 Glenn Ave, Fresno, CA 93704-3471
      View Details

    Similar Nearby for Sale

    • $595,000
      3,900 SF

      Fresno Multifamily Value-Add

      Five-unit apartment complex, high potential.
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    • $2,000,000
      13,650 SF

      Condo Units in Gated Community

      Eight condo units in Northwest Fresno's Chateau Wishon community.
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    • $530,000

      Fresno Fourplex Near City College

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    • New
      $319,000
      Pending

      Fresno Multifamily Property For Sale

      Multifamily property with long-term tenants and separate yards in Fresno.
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    • Contact for pricing
      1,736 SF

      Remodeled Fresno Home with Upgrades

      Updated Fresno home featuring remodeled kitchen, updated bathrooms, and private patio.
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    • $725,000
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      325 Shields Ave

      Retail space • 8,332 SF
      325 Shields Ave, Fresno, CA 93704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,656 SF

      Class A Office Space Available

      Modernized office space near Fig Garden Village Shopping Center.
      5260 N Palm Ave, Fresno, CA 93704
      View Details
    • Contact for pricing
      46,397 SF

      Country Plaza Shopping Center Fresno

      High-traffic retail center, spaces available
      0 Swc Blackstone & San Jose Avenues, Fresno, CA 93704
      View Details
    • $1.95 SF/Yr
      2,082 SF

      Fresno Office Space Available

      2082 square feet of office space for lease.
      6435 N Palm Ave, Fresno, CA 93704
      View Details
    • Contact for pricing

      Retail Development Land Parcel

      15,000 SF land parcel for retail development.
      420 W Shaw Ave, Fresno, CA 93704
      View Details
    • $1.95 SF/Yr
      1,353 SF

      Fresno Office Space Available

      Office space available for rent in Fresno, CA.
      6535 N Palm Ave, Fresno, CA 93704
      View Details
    • Contact for pricing
      80,000 SF

      Retail Space Near Freeway 99

      Retail space with excellent access and visibility from Freeway 99.
      Clinton Ave, Fresno, CA 93704
      View Details
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    708 Bullard Ave
    Fresno, CA 93704-1612
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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