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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Commercial land
8663 Floral Ave, Selma, CA 93662-9005
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-0201229
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1974
Construction
WOOD FRAME
Total area
1,866 SF
Lot
2.37 ac (103,237 SF)
Zoning code
AE20
APN
385-260-03
UPID
US09-0201229
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
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$780k
Owner & transaction history
Faroog Desai Umar · 4 yrs held
Faroog Desai Umar
since 2022
Last sale
$775,000
7 recorded transactions
Zoning & alternative use
AE20 · Selma, 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 Selma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selma 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
$795,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $775k (Apr 8 2022)
Last sale anchor
$775k
Apr 8 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
$418 / 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
$9,391
Tax year 2023
Assessed value
$790,500
Assessed 2023
Previous assessed
$790,500
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$790,500
Applied tax rate
180.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1974
Construction
WOOD FRAME
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Total area
1,866 SF
Lot
2.37 ac (103,237 SF)
Zoning code
AE20
APN
385-260-03
UPID
US09-0201229
Jurisdiction
FRESNO
Zoning & alternative use
AE20 · Selma, CA
Zoning AE20 · permitted uses
AE20 · Selma, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Selma. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.37 ac
Current owner
From public records · entity-resolved
Faroog Desai Umar
Individual
Free & Clear · 4 yrs held
Mailing address
2808 PNE ST, SELMA, CA 93662-4422
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
—
Farooq Desai Umar
—
Deed
related
$310,000 · Citizens Business Bank
Apr 8, 2022
$775,000
Faroog Desai Umar
Ali Najafi
Grant Deed
—
Mar 2, 2016
$135,000
Najafi Family Trust
Jba Floral LLC
Grant Deed
—
Mar 13, 2007
—
Jba Floral LLC
Red Rock Ventures LLC
Grant Deed
related
—
Aug 18, 2006
$1,050,000
Red Rock Ventures LLC
Wadhwa,ashok
Grant Deed
—
Dec 3, 2004
$650,000
Ashok Wadhwa
Derderian,karen A
Grant Deed
—
Sep 28, 2000
—
Karen A Derderian
Kurkjian Trust
Grant Deed
related
—
Jun 11, 1974
—
Phillip Kurkjian
Owner Name Unavailable
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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