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Property profile & analytics
FOR LEASE
Retail space
1001 W Tehachapi Blvd Tehachapi, CA 93561
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2483429
For Lease
1 / 16
$4,100/Mo
1001 W Tehachapi Blvd, Tehachapi, CA 93561
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,898 SF
Lot
1.87 ac (81,457 SF)
Zoning code
C2
APN
415-130-73-00-4
UPID
US09-2483429
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
-
First American Title Company Title Company Escrow Service
-
Jeannette D Devlin, REALTOR Real Estate Agency
-
Sarai Diaz, REALTOR Real Estate Agency
-
Cloud 9 Spa Hair Salon Nail Salon
-
Bottoms Up Tanning Salon Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.18M
Comparable Approach
Comparable
$3.90M
Blend (final)
Blend
$3.34M
Owner & transaction history
Paul Zerounian SR. · 6 yrs held
Paul Zerounian SR.
since 2019
7 recorded transactions
Zoning & alternative use
C2 · Tehachapi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.4M
+67.5%
Apartment house (5+ units)
$4.2M
+58.1%
Office building
$4.1M
+54.0%
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 Tehachapi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tehachapi 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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,440,000
6.5%
$3,175,000
7%
$2,950,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,630,000
Current use
MEDICAL BUILDING
$4,405,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,155,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$4,050,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,900,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,655,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$3.34M
Range $3.01M – $3.67M · ±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
$160 / 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
$37,033
Tax year 2023
Assessed value
$3,237,627
Assessed 2023
Previous assessed
$3,237,627
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$735,824
Assessed improvement
$2,501,803
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
6
Total area
20,898 SF
Lot
1.87 ac (81,457 SF)
Zoning code
C2
APN
415-130-73-00-4
UPID
US09-2483429
Jurisdiction
KERN
Zoning & alternative use
C2 · Tehachapi, CAZoning C2 · permitted uses
C2 · Tehachapi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
6
Lot
1.87 ac
Current owner
From public records · entity-resolved
Paul Zerounian SR.
Individual
Mailing address
2531 OLIVE DR STE D, PALMDALE, CA 93550-1036
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2019
$3,080,000
Paul Zerounian SR.
1150 Louise Street LLC
Grant Deed
$1,765,000 · Mission Bank
Mar 7, 2017
$3,170,000
1150 Louise Street LLC
Lee Family Trust
Grant Deed
$1,525,000 · Bank Of The West
Mar 7, 2017
—
Thomas W Lee
Lee,han Y
Quit Claim Deed
—
May 17, 2013
$1,725,000
Tm World Properties LLC
Nwk2 INC
Grant Deed
$2,109,250 · Saehan Bank
Aug 12, 2011
$2,445,900
Nwk2 INC
Wt Capital Lender Services
Trustees Deed
related
—
May 23, 2007
—
Ennis Commercial Props LLC
Pr Ennis 1 LLC
Quit Claim Deed
related
—
—
—
Pr Ennis I LLC
—
Deed Of Trust
related
$3,780,000 · Valley Independent 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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