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Property profile & analytics
FOR LEASE
Office buildings
855 M St Fresno, CA 93721
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-3020101
For Lease
Contact for pricing
855 M St, Fresno, CA 93721
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
288,597 SF
Lot
1.18 ac (51,400 SF)
Zoning code
DTG
APN
468-215-27
UPID
US09-3020101
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
-
Penstar Group Construction Company General Contractor
-
Subway Take-out & Catering
-
EDD PFL Government Office
-
Z n Z ventures LLC Consultant Medical Supply Store
-
FedEx Office Print & Ship Center Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$70.12M
Comparable Approach
Comparable
$55.84M
Blend (final)
Blend
$71.77M
Owner & transaction history
Fresno Ca I Fgf LLC · 4 yrs held
Fresno Ca I Fgf LLC
since 2021
Last sale
$96.0M
4 recorded transactions
Zoning & alternative use
DTG · Fresno, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$100.2M
+142.9%
Restaurant
$67.9M
+64.4%
Medical building
$58.0M
+40.6%
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
$85,445,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$75,960,000
6.5%
$70,115,000
7%
$65,105,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$100,245,000
Change: +143% · Conversion: Easy
RESTAURANT
$67,855,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$58,010,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$44,500,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$71.77M
Range $64.59M – $78.94M · ±10% · vs last sale $96.01M (Sep 16 2021)
Last sale anchor
$96.01M
Sep 16 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
$249 / 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
$949,024
Tax year 2023
Assessed value
$74,460,000
Assessed 2023
Previous assessed
$74,460,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$923,100
Assessed improvement
$73,536,900
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
2005
Construction
STEEL FRAME
Heating
NONE
Stories
11
Total area
288,597 SF
Lot
1.18 ac (51,400 SF)
Zoning code
DTG
APN
468-215-27
UPID
US09-3020101
Jurisdiction
FRESNO
Zoning & alternative use
DTG · Fresno, CA
Zoning DTG · permitted uses
DTG · 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
COMMERCIAL (GENERAL)
Est. value
$100.2M
RESTAURANT
Est. value
$67.9M
MEDICAL BUILDING
Est. value
$58.0M
AUTO REPAIR, GARAGE
Est. value
$44.5M
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
STEEL FRAME
Heating
NONE
Stories
11
Lot
1.18 ac
Current owner
From public records · entity-resolved
Fresno Ca I Fgf LLC
Entity
Free & Clear · 4 yrs held
Mailing address
855 M ST STE #200, FRESNO, CA 93721-2753
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2021
$96,006,000
Fresno Ca I Fgf LLC
M L Street Properties LLC
Grant Deed
—
Apr 11, 2019
—
Ml Street Properties LLC
Bajun American Properties LP
Quit Claim Deed
related
—
Feb 16, 2018
—
M L Street Properties LLC
—
Deed
related
$42,500,000 · Rabobank
—
—
M L Street Properties LLC
—
Deed Of Trust
related
$42,500,000 · 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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