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Property profile & analytics
FOR LEASE
Office buildings
7433 North 1St St Fresno, CA 93720
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0579638
For Lease
1 / 3
$1,200,000
7433 North 1St St, Fresno, CA 93720
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
WOOD
Total area
7,941 SF
Lot
0.75 ac (32,670 SF)
Zoning code
O
APN
303-190-71
UPID
US09-0579638
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
-
Akel Engineering Group Inc Civil Engineer
-
Madison Nearn - Associate Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Jackson Sidney L DDS Dental Office
-
Nicolas Allen - Private Wealth Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Joshua Ault - Associate Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.20M
Owner & transaction history
First And Alluvial LP · 3 yrs held
First And Alluvial LP
since 2022
7 recorded transactions
Zoning & alternative use
O · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+47.9%
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%
$1,455,000
6.5%
$1,345,000
7%
$1,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,260,000
Current use
RESTAURANT
$1,865,000
Change: +48% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,225,000
Change: -3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,115,000
Change: -12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,015,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±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
$151 / 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
$29,235
Tax year 2023
Assessed value
$2,407,090
Assessed 2023
Previous assessed
$2,407,090
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$562,904
Assessed improvement
$1,844,186
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1998
Construction
WOOD
Heating
NONE
Stories
1
Total area
7,941 SF
Lot
0.75 ac (32,670 SF)
Zoning code
O
APN
303-190-71
UPID
US09-0579638
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
OFFICE BUILDING Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1998
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
First And Alluvial LP
Entity
Mailing address
7357 E DENNETT AVE, FRESNO, CA 93737-9419
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2022
—
First And Alluvial LP
Jeffrey Wayne Jue
Grant Deed
$8,000,000 · Zb NA
Dec 6, 2018
$6,323,000
Jue,jeff & Velvet Family Trust
B C C D
Grant Deed
—
Nov 19, 2012
—
Bccd Ptshp
Jackson,sidney L
Quit Claim Deed
related
—
Dec 21, 1999
—
Browns Trust
B C C D
Grant Deed
related
—
Dec 18, 1997
—
Bccd
Dermanouel,michael
Grant Deed
$2,320,000 · National Realty Funding LLC
Jun 3, 1997
—
Browns Trust
Browns,gary A & Patricia E
Quit Claim Deed
related
—
May 23, 1997
$317,000
Gary A Browns
Der Manouel,michael & Susan
Grant Deed
$869,200 · United Security Bank
—
—
Bccd
—
Deed Of Trust
related
$18,015 · Browns Family 1983 Trust (pt)
—
—
Bccd
—
Deed Of Trust
related
$18,015 · Browns Family 1983 Trust (pt)
—
—
Bccd
—
Deed Of Trust
related
$3,052,500 · Rabobank
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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