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Property profile & analytics
OFF-MARKET
Estimated value
$2,860,000
Medical Office Space
7766 Palm Ave Fresno, CA 93711-5734
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3395693
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Construction
WOOD
Total area
9,480 SF
Lot
0.63 ac (27,442 SF)
Zoning code
IL
APN
405-533-04
UPID
US09-3395693
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
-
Aviv Smadar PhD Physician
-
EV Connect Charging Station Electric Vehicle Charging Station
-
Tracy Leffler Marriage Or Relationship Counselor
-
Sievert Dwight W MD Physician
-
Palm Bluffs Surgery Center Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.84M
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$2.86M
Owner & transaction history
Palm Bluff Ventures LLC · 5 yrs held
Palm Bluff Ventures LLC
since 2021
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
IL · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+72.8%
Restaurant
$2.2M
+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
$2,800,000
ML approach
$2,835,000
CAP Approach
CAP Return
Estimation
6%
$2,150,000
6.5%
$1,985,000
7%
$1,845,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,905,000
Current use
COMMERCIAL (GENERAL)
$3,295,000
Change: +73% · Conversion: Easy
RESTAURANT
$2,230,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$1,880,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$2.86M
Range $2.57M – $3.15M · ±10% · vs last sale $2.90M (Feb 19 2021)
Last sale anchor
$2.90M
Feb 19 2021
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
$302 / 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
$32,333
Tax year 2023
Assessed value
$2,663,424
Assessed 2023
Previous assessed
$2,663,424
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$541,008
Assessed improvement
$2,122,416
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
2017
Construction
WOOD
Heating
NONE
Stories
1
Total area
9,480 SF
Lot
0.63 ac (27,442 SF)
Zoning code
IL
APN
405-533-04
UPID
US09-3395693
Jurisdiction
FRESNO
Zoning & alternative use
IL · Fresno, CA
Zoning IL · permitted uses
IL · 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
MEDICAL BUILDING Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE 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
2017
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Palm Bluff Ventures LLC
Entity
Mailing address
1900 SHAW AVE STE #101, CLOVIS, CA 93611-4209
Ownership since
2021
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
Feb 19, 2021
$2,900,000
Palm Bluff Ventures LLC
Fcera Realty Group LLC
Grant Deed
$2,030,000 · Tri Counties Bank
Mar 24, 2017
—
Fcera Realty Group LLC
Boardwalk At Palm Bluffs II LP
Quit Claim Deed
related
—
Mar 24, 2017
$2,357,500
Fcera Realty Group LLC
Boarwalk At Palm Bluffs LP
Grant Deed
—
Nov 10, 2016
—
Boardwalk At Palm Bluffs LP
—
Deed
related
$7,200,000 · Fresno First Bk
Mar 3, 2016
—
Boardwalk At Palm Bluffs LP
—
Deed Of Trust
related
$1,400,000 · Fresno First Bk
Sep 1, 2015
$4,050,000
Katherine B Fortune
Hydroelectric Penetrations LP
Grant Deed
—
Sep 1, 2015
—
Boardwalk At Palm Bluffs LP
Fortune,katherine B
Grant Deed
—
May 1, 2008
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Boardwalk At Palm Bluffs LP
—
Loan Modification
related
$7,200,000 · Fresno First Bk
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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