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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Golf courses & driving ranges
8253 Belmont Ave Fresno, CA 93737-2583
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US09-1169249
Property profile
Verified
Property type
Golf courses & driving ranges
Use group
GOLF COURSE
Year built
1970
Construction
TYPE NOT SPECIFIED
Total area
32,070 SF
Lot
109.34 ac (4,762,850 SF)
Zoning code
AE20
APN
313-030-59
UPID
US09-1169249
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
-
Belmont Country Club Bar & Pub Golf Course
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$968k
Blend (final)
Blend
$890k
Owner & transaction history
Richard F Spencer · 15 yrs held
Richard F Spencer
since 2010
7 recorded transactions
Zoning & alternative use
AE20 · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,315,000
Current use
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$28 / 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
$50,615
Tax year 2023
Assessed value
$3,423,700
Assessed 2023
Previous assessed
$3,423,700
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$483,943
Assessed improvement
$2,939,757
Applied tax rate
76.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Golf courses & driving ranges
Use group
GOLF COURSE
Status
Off-Market
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Bathrooms
1
Total area
32,070 SF
Lot
109.34 ac (4,762,850 SF)
Zoning code
AE20
APN
313-030-59
UPID
US09-1169249
Jurisdiction
FRESNO
Zoning & alternative use
AE20 · Fresno, CA
Zoning AE20 · permitted uses
AE20 · 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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.3M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
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
1970
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Bathrooms
1
Lot
109.34 ac
Current owner
From public records · entity-resolved
Richard F Spencer
Individual
Mailing address
8253 E BELMONT AVE, FRESNO, CA 93737-2583
Ownership since
2010
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
Aug 2, 2018
—
Belmont Country Club
—
Deed
related
$1,500,000 · Bank Of The Sierra
Dec 10, 2010
$40,000
Richard F Spencer
Belmont Country Club
Grant Deed
—
Dec 10, 2010
—
Richard F Spencer
Spencer,richard F & Karen A
Quit Claim Deed
related
—
Jul 18, 1997
—
Belmont Country Club
—
Deed Of Trust
related
$1,000,000 · Westamerica Bank
Sep 21, 1976
—
Belmont Country Club
Owner Name Unavailable
Grant Deed
related
—
—
—
Belmont Country Club
—
Deed Of Trust
related
$830,000 · Westamerica Bank
—
—
Belmont Country Club
—
Deed Of Trust
related
$1,500,000 · Westamerica Bank
—
—
Belmont Country Club
—
Deed Of Trust
related
$757,508 · Westamerica Bank
—
—
Belmont Country Club
—
Deed Of Trust
related
$200,000 · Westamerica Bank
—
—
Belmont Country Club
—
Deed Of Trust
related
$1,500,000 · Bank Of The Sierra
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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