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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Apartment buildings
740 Cornell Ave Fresno, CA 93704-5515
Individually Owned
Free & Clear
Property ID
US09-2592331
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Construction
WOOD
Total area
4,744 SF
Lot
0.37 ac (16,250 SF)
Zoning code
RS5
APN
443-161-10
UPID
US09-2592331
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$719k
Blend (final)
Blend
$730k
Owner & transaction history
Abdul K Jawad
Abdul K Jawad
since 2025
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
RS5 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$955,000
+56.7%
Office building
$755,000
+23.9%
Auto repair, garage
$730,000
+20.2%
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
$585,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$780,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$610,000
Current use
MEDICAL BUILDING
$955,000
Change: +57% · Conversion: Moderate
OFFICE BUILDING
$755,000
Change: +24% · Conversion: Moderate
AUTO REPAIR, GARAGE
$730,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$500,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $850k (May 29 2025)
Last sale anchor
$850k
May 29 2025
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
$154 / 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
$6,385
Tax year 2023
Assessed value
$492,500
Assessed 2023
Previous assessed
$492,500
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$97,500
Assessed improvement
$395,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Units
6
Bathrooms
6
Total area
4,744 SF
Lot
0.37 ac (16,250 SF)
Zoning code
RS5
APN
443-161-10
UPID
US09-2592331
Jurisdiction
FRESNO
Zoning & alternative use
RS5 · Fresno, CA
Zoning RS5 · permitted uses
RS5 · 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
$610,000
MEDICAL BUILDING
Est. value
$955,000
OFFICE BUILDING
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$730,000
RETAIL STORES
Est. value
$500,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
6
Bathrooms
6
Lot
0.37 ac
Current owner
From public records · entity-resolved
Abdul K Jawad
Individual
Free & Clear · 0 yrs held
Mailing address
385 W BEDFORD AVE STE #101, FRESNO, CA 93711-6194
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
Abdul K Jawad
Shorook Jawad
Deed
related
—
Aug 29, 2025
$850,000
Abdul K Jawad
Pinnsix General Partners
Grant Deed
—
Apr 2, 2024
—
Pinnsix General Partners
—
Deed
related
$500,000 · Central Valley Community Bank
Dec 9, 2022
$492,500
Pinnsix General Partners
Otis E Loring
Grant Deed
$500,000 · 2015 Mellon Empire Trust
Feb 14, 2022
—
Otis E Loring
Otis E Loring
Intrafamily Transfer
related
—
Nov 30, 2021
—
Larry Loring
Larry O Loring
Intrafamily Transfer
related
—
Feb 6, 2019
—
Larry O Loring
Loring,sue
Quit Claim Deed
related
—
Feb 6, 2019
$845,000
Larry O Loring
Cornell Apartments LLC
Grant Deed
—
Aug 1, 2014
—
Glenn Ota
Frantz,david E
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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