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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Apartment buildings
103 Tulare Ave Tulare, CA 93274-3947
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5853276
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2004
Construction
WOOD
Total area
8,190 SF
Lot
0.34 ac (15,000 SF)
Zoning code
RM3
APN
175-174-005-000
UPID
US09-5853276
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
$1.05M
Comparable Approach
Comparable
$483k
Blend (final)
Blend
$775k
Owner & transaction history
Ihtes Investments LLC · 6 yrs held
Ihtes Investments LLC
since 2019
6 recorded transactions
Zoning & alternative use
RM3 · Tulare, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+4.8%
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 Tulare submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulare 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%
$1,135,000
6.5%
$1,045,000
7%
$970,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,115,000
Current use
RETAIL STORES
$1,165,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$1,055,000
Change: -5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$955,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$95 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,451
Tax year 2024
Assessed value
$761,262
Assessed 2024
Previous assessed
$761,262
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$107,220
Assessed improvement
$654,042
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
CENTRAL
Cooling
EVAPORATIVE
Buildings
1
Stories
2
Units
7
Bathrooms
17
Total area
8,190 SF
Lot
0.34 ac (15,000 SF)
Zoning code
RM3
APN
175-174-005-000
UPID
US09-5853276
Jurisdiction
TULARE
Zoning & alternative use
RM3 · Tulare, CA
Zoning RM3 · permitted uses
RM3 · Tulare, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulare. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE 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
2004
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Units
7
Bathrooms
17
Lot
0.34 ac
Current owner
From public records · entity-resolved
Ihtes Investments LLC
Entity
Mailing address
3105 ASHBOURNE CIR, SAN RAMON, CA 94583-9100
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2019
$710,000
Ihtes Investments LLC
103 119 W Tulare Ave Investors LP
Grant Deed
$461,500 · Bay Commercial Bank
Oct 22, 2009
$400,000
103-119 W Tulare Ave Invtrs
Chicago Title Co
Trustees Deed
related
—
May 4, 2006
—
Pcsc Investments LLC
Pamela Chiaramonte
Grant Deed
$730,000 · Burnett Exemption Trust
Dec 31, 2003
—
Pamela Chiaramonte
Chiaramonte,sal
Quit Claim Deed
related
—
Dec 31, 2003
$50,000
Pamela Chiaramonte
King,tr
Grant Deed
$32,000 · King Trust
—
—
Pamela Chiaramonte
—
Deed Of Trust
related
$472,000 · Ortega Trust
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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