New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Motels
949 Pkwy Dr, Fresno, CA 93728-2724
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-3242411
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1962
Construction
TILT-UP CONCRETE
Total area
16,221 SF
Lot
0.59 ac (25,700 SF)
Zoning code
NMX
APN
449-324-10
UPID
US10-3242411
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
-
MoneyStacken Entertainment Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Towa LLC · 3 yrs held
Towa LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
NMX · 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
$1,835,000
ML approach
$1,850,000
CAP Approach
CAP Return
Estimation
6%
$1,490,000
6.5%
$1,375,000
7%
$1,280,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,500,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.81M (Apr 28 2023)
Last sale anchor
$1.81M
Apr 28 2023
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
$113 / 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
$16,847
Tax year 2023
Assessed value
$1,317,710
Assessed 2023
Previous assessed
$1,317,710
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$200,000
Assessed improvement
$1,117,710
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
48
Total area
16,221 SF
Lot
0.59 ac (25,700 SF)
Zoning code
NMX
APN
449-324-10
UPID
US10-3242411
Jurisdiction
FRESNO
Zoning & alternative use
NMX · Fresno, CA
Zoning NMX · permitted uses
NMX · 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
AUTO REPAIR, GARAGE
Est. value
$2.5M
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
48
Lot
0.59 ac
Current owner
From public records · entity-resolved
Towa LLC
Entity
Mailing address
352 W BEDFORD AVE STE #110, FRESNO, CA 93711-6079
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
$1,812,000
Towa LLC
Arvind Bhakta
Grant Deed
—
Jun 14, 2016
—
Arvind S Bhakta
—
Deed
related
$209,000 · Vimal & Tara Kumar
May 20, 2005
$1,052,000
Arvind Bhakta
Fresno Motel Investments INC
Grant Deed
$770,000 · Mirae Bank
Sep 13, 1995
—
Curtice Trust
Curtice Trust
Quit Claim Deed
related
—
Sep 13, 1995
$600,000
Fresno Motel Investments INC
Oakley Trust
Trustees Deed
$500,000 · Heller First Capital
Aug 1, 1977
—
—
—
Grant Deed
related
—
—
—
Arvind Bhakta
—
Deed Of Trust
related
$400,000 · Vimal Kumar
—
—
William Hume
—
Deed Of Trust
related
$241,850 · First Horizon Home Loan Corp
—
—
Arvind S Bhakta
—
Deed Of Trust
related
$209,000 · Vimal & Tara Kumar
—
—
Arvind Bhakta
—
Deed Of Trust
related
$770,000 · Mirae Bank
—
—
Fresno Motel Investments INC
—
Deed Of Trust
related
$243,000 · Sonoma National 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 949 Pkwy Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
