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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Medical Office Space
1040 Cherry St Tulare, CA 93274-2251
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-5760253
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Construction
WOOD
Total area
4,427 SF
Lot
0.44 ac (19,237 SF)
Zoning code
C-3D
APN
170-340-033-000
UPID
US09-5760253
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
-
Boris Shnayder, DDS Dental Office
-
Costin Marinescu Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.13M
Owner & transaction history
Patel And Rambhia Investments LLC · 1 yrs held
Patel And Rambhia Investments LLC
since 2025
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C-3D · Tulare, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+99.0%
Commercial (general)
$1.1M
+20.8%
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%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$895,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,775,000
Change: +99% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,080,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.45M (Oct 10 2024)
Last sale anchor
$1.45M
Oct 10 2024
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
$254 / 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
$14,697
Tax year 2024
Assessed value
$1,323,859
Assessed 2024
Previous assessed
$1,323,859
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$422,532
Assessed improvement
$901,327
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
3
Total area
4,427 SF
Lot
0.44 ac (19,237 SF)
Zoning code
C-3D
APN
170-340-033-000
UPID
US09-5760253
Jurisdiction
TULARE
Zoning & alternative use
C-3D · Tulare, CA
Zoning C-3D · permitted uses
C-3D · 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
MEDICAL BUILDING Current
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (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
1993
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
3
Lot
0.44 ac
Current owner
From public records · entity-resolved
Patel And Rambhia Investments LLC
Entity
Mailing address
1040 N CHERRY ST, TULARE, CA 93274-2251
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2025
$1,447,000
Patel And Rambhia Investments LLC
1040 N Cherry Street LLC
Grant Deed
$1,447,000 · Bank Of America NA
May 12, 2022
—
1040 N Cherry Street LLC
—
Deed
related
$868,000 · Frontier Bank
Nov 7, 2012
$1,225,000
1040 N Cherry Street LLC
Marinescu Family Trust
Grant Deed
$925,000 · Bank Of America
Jun 25, 2010
—
Marinescu Family Trust
Marinescu,costin
Quit Claim Deed
related
—
Jul 9, 2008
$1,240,000
Costin Marinescu
Jones Family 1981 Trust
Grant Deed
$1,116,000 · Jones Family 1981 Trust
Jun 16, 2006
—
Jones 1981 Family Trust
Jones,lawrence A & Betty R
Quit Claim Deed
related
—
—
—
Lawrence Jones
—
Deed Of Trust
related
$450,000 · Union Bank
—
—
1040 N Cherry Street LLC
—
Loan Modification
related
$870,028 · Bank Of America
—
—
Lawrence Jones
—
Deed Of Trust
related
$305,000 · Union Bank Of California
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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