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Property profile & analytics
OFF-MARKET
Office buildings
925 Fulton St Fresno, CA 93728-3455
Trust Owned
10-yr Hold
Free & Clear
Property ID
US09-2343119
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Construction
WOOD
Total area
7,022 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CMS
APN
452-114-33
UPID
US09-2343119
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nipp Family Trust · 10 yrs held
Nipp Family Trust
since 2015
6 recorded transactions
Zoning & alternative use
CMS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,299
Tax year 2023
Assessed value
$84,048
Assessed 2023
Previous assessed
$84,048
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$55,240
Assessed improvement
$28,808
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
Off-Market
Year built
1954
Construction
WOOD
Heating
NONE
Stories
2
Total area
7,022 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CMS
APN
452-114-33
UPID
US09-2343119
Jurisdiction
FRESNO
Zoning & alternative use
CMS · Fresno, CA
Zoning CMS · permitted uses
CMS · 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.
Building & site characteristics
From public records
Year built
1954
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Nipp Family Trust
Trust
Free & Clear · 10 yrs held
Mailing address
2246 W THOMASON PL, FRESNO, CA 93711-7175
Ownership since
2015
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
Dec 9, 2015
—
Nipp Family Trust
Nipp John Living Trust
Quit Claim Deed
related
—
May 17, 2010
—
Nipp John Living Trust
Nipp,john W
Quit Claim Deed
related
—
Jul 18, 1994
$97,000
Chouette Trust
Breninger,ralph
Grant Deed
related
$99,000 · Seller
Jul 5, 1994
—
Ralph A Brenninger
Patterson,christ
Grant Deed
related
—
Jul 13, 1992
$100,000
Christine Patterson
Great,western
Grant Deed
$90,000 · Great Western Bank
Dec 18, 1991
$47,438
Great Western Ba
Allen Walker INC
Trustees 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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