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Property profile & analytics
OFF-MARKET
Estimated value
$410,000
Banks
1079 Prosperity Ave Tulare, CA 93274-2353
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5734652
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1982
Construction
TILT-UP CONCRETE
Total area
2,940 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C-3
APN
170-370-011-000
UPID
US09-5734652
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
-
Chase Mortgage Loan Service Bank
-
Chase Bank Bank Loan Service
-
Chase ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$250k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$410k
Owner & transaction history
Sally Serpa · 2 yrs held
Sally Serpa
since 2024
7 recorded transactions
Zoning & alternative use
C-3 · Tulare, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C-3 zone is to provide for a wide variety of commercial and office uses that serve the general commercial needs of the residents of Tulare
Zone name
Retail Commercial
General category
COMMERCIAL
Zone area
825.67 ac
Source
Realmo
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
$250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$410k
Range $369k – $451k · ±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
$139 / 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
$9,078
Tax year 2024
Assessed value
$817,734
Assessed 2024
Previous assessed
$817,734
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$210,914
Assessed improvement
$606,820
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
6
Bathrooms
2
Total area
2,940 SF
Lot
0.41 ac (17,860 SF)
Zoning code
C-3
APN
170-370-011-000
UPID
US09-5734652
Jurisdiction
TULARE
Zoning & alternative use
C-3 · Tulare, CAZoning C-3 · permitted uses
C-3 · Tulare, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the C-3 zone is to provide for a wide variety of commercial and office uses that serve the general commercial needs of the residents of Tulare
Zone name
Retail Commercial
General category
COMMERCIAL
Zone area
825.67 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
6
Bathrooms
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Sally Serpa
Individual
Free & Clear · 2 yrs held
Mailing address
874 E MERRITT AVE, TULARE, CA 93274-2220
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 2, 2024
—
Sally Serpa
Sally Serpa
Intrafamily Transfer
related
—
Jun 1, 2023
—
Christine L Tanner
Christine L Tanner
Intrafamily Transfer
related
—
Jun 1, 2018
—
Starwood Mtg Fndg III LLC
Starwood Mtg Cap LLC
Quit Claim Deed
related
—
Nov 4, 2010
—
Jerry W Tanner
Tanner,christine L
Quit Claim Deed
related
—
Dec 2, 2009
—
Ampan LLC
—
Deed Of Trust
related
$8,000,000 · Trifish LLC
Jan 22, 2003
—
George W Serpa
Serpa,george W & Sally
Quit Claim Deed
related
—
—
—
Prosperity Equity Partners LLC
—
Deed Of Trust
related
$800,000 · Open Bk
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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