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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Apartment buildings
821 Home Ave Fresno, CA 93728-1834
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2791228
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1934
Construction
WOOD
Total area
7,832 SF
Lot
0.26 ac (11,250 SF)
Zoning code
RM2
APN
451-046-12
UPID
US09-2791228
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
$1.16M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.21M
Owner & transaction history
North Van Ness Limited Partners LP · 3 yrs held
North Van Ness Limited Partners LP
since 2022
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
RM2 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+63.3%
Medical building
$1.6M
+39.6%
Auto repair, garage
$1.2M
+7.1%
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
$1,185,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
$1,500,000
6.5%
$1,385,000
7%
$1,285,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,130,000
Current use
RESTAURANT
$1,840,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$1,575,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,210,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,100,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$1,005,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.00M (Aug 31 2022)
Last sale anchor
$1.00M
Aug 31 2022
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
$13,039
Tax year 2023
Assessed value
$1,006,400
Assessed 2023
Previous assessed
$1,006,400
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$55,000
Assessed improvement
$951,400
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
1934
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
12
Bathrooms
12
Total area
7,832 SF
Lot
0.26 ac (11,250 SF)
Zoning code
RM2
APN
451-046-12
UPID
US09-2791228
Jurisdiction
FRESNO
Zoning & alternative use
RM2 · Fresno, CA
Zoning RM2 · permitted uses
RM2 · 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
$1.1M
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1934
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
12
Bathrooms
12
Lot
0.26 ac
Current owner
From public records · entity-resolved
North Van Ness Limited Partners LP
Entity
Mailing address
1464 W MORAGA RD, FRESNO, CA 93711-0524
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
$1,000,000
North Van Ness Limited Partners LP
Brian James Kirk
Grant Deed
—
Sep 12, 2019
—
Brian J Kirk
Kirk,brian J & Kathryn
Quit Claim Deed
related
$217,000 · Tri Counties Bank
Jul 7, 2015
—
James B Kirk
Maldonado W Family Trust
Grant Deed
—
Nov 2, 2011
—
Maldonado Wilma Family Trust
Maldonado,wilma
Quit Claim Deed
related
—
May 5, 1993
$312,000
Harvey P Gardner
Ruberts,robert E
Grant Deed
—
—
—
Wilma Maldonado
—
Deed Of Trust
related
$300,000 · Imperial Capital Bank
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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