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Property profile & analytics
OFF-MARKET
Estimated value
$4,890,000
Auto shops
777 Palmdon Dr Fresno, CA 93704-1080
Individually Owned
20-yr Hold
Free & Clear
Property ID
US09-1720616
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2005
Construction
TILT-UP CONCRETE
Total area
30,095 SF
Lot
4.41 ac (192,099 SF)
Zoning code
CG
APN
407-031-36S
UPID
US09-1720616
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
-
Fresno Lexus Service Department Auto Repair Shop
-
Fresno Lexus Parts Department Auto Parts Store
-
Fresno Lexus Car Dealership
-
Oremor Automotive Group Car Dealership
-
Lexus at Fresno Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.62M
Blend (final)
Blend
$4.89M
Owner & transaction history
Harris Real Estate Grp · 20 yrs held
Harris Real Estate Grp
since 2005
2 recorded transactions
Zoning & alternative use
CG · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
orhood RM-3 - Residential Multi-Family, High Desnity NMX - Neighborhood Mixed Use CMX - Corridor/Center Mixed Use RMX - Regional Mixed Use CMS - Commercial Main Street CC - Commercial Community CR - Commercial Regional CG - Commercial General CH - Commercial Highway and Auto CRC - Commercial Recreation O - Office BP - Business Park IL - Light Industrial IH -…
Zone name
Commercial General
General category
COMMERCIAL
Zone area
452.18 ac
Top alternative use upside
Restaurant
$7.1M
+52.5%
Medical building
$6.1M
+30.4%
Office building
$4.8M
+3.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,640,000
Current use
RESTAURANT
$7,075,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$6,050,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$4,785,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,230,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,860,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$4.89M
Range $4.40M – $5.38M · ±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
$162 / 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
$95,603
Tax year 2023
Assessed value
$7,500,000
Assessed 2023
Previous assessed
$7,500,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$3,500,000
Assessed improvement
$4,000,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
30,095 SF
Lot
4.41 ac (192,099 SF)
Zoning code
CG
APN
407-031-36S
UPID
US09-1720616
Jurisdiction
FRESNO
Zoning & alternative use
CG · Fresno, CAZoning CG · permitted uses
CG · Fresno, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
orhood RM-3 - Residential Multi-Family, High Desnity NMX - Neighborhood Mixed Use CMX - Corridor/Center Mixed Use RMX - Regional Mixed Use CMS - Commercial Main Street CC - Commercial Community CR - Commercial Regional CG - Commercial General CH - Commercial Highway and Auto CRC - Commercial Recreation O - Office BP - Business Park IL - Light Industrial IH - Heavy Industrial OS - Open Space PR - Park and Recreation PI - Public and Insti
Zone name
Commercial General
General category
COMMERCIAL
Zone area
452.18 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.6M
RESTAURANT
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$6.1M
OFFICE BUILDING
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
4.41 ac
Current owner
From public records · entity-resolved
Harris Real Estate Grp
Individual
Free & Clear · 20 yrs held
Mailing address
677 W PALMDON DR STE #107, FRESNO, CA 93704-1094
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2011
—
Palm & Herndon LLC
—
Deed Of Trust
related
$9,100,000 · Wells Fargo Bank
Oct 31, 2005
—
Harris Real Estate Grp
Palm-herndon LLC
Grant Deed
related
—
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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