Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,965,000
Retail space
1091 Tehachapi Blvd Tehachapi, CA 93561
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2431364
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
WOOD
Total area
14,488 SF
Lot
1.66 ac (72,309 SF)
Zoning code
C-3
APN
415-130-61-00-9
UPID
US09-2431364
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
$5.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.97M
Owner & transaction history
Greystone Real Estate Holdings INC · 4 yrs held
Greystone Real Estate Holdings INC
since 2022
Last sale
$6.4M
3 recorded transactions
Zoning & alternative use
C-3 · Tehachapi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-3 zone is applied to areas of Tehachapi that are appropriate for uses of the widest range of retail commercial activities, including regional shopping centers and heavy commercial uses
Zone name
General Commercial
General category
COMMERCIAL
Zone area
446.87 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$5.0M
+174.2%
Restaurant
$4.5M
+146.5%
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
$5,640,000
ML approach
$5,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,000,000
Change: +174% · Conversion: Moderate
RESTAURANT
$4,490,000
Change: +146% · Conversion: Easy
Blend value · Realmo final
$5.97M
Range $5.37M – $6.56M · ±10% · vs last sale $6.40M (May 19 2022)
Last sale anchor
$6.40M
May 19 2022
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
$412 / 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
$74,325
Tax year 2023
Assessed value
$6,497,975
Assessed 2023
Previous assessed
$6,497,975
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,460,365
Assessed improvement
$5,037,610
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
Off-Market
Year built
2003
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
14,488 SF
Lot
1.66 ac (72,309 SF)
Zoning code
C-3
APN
415-130-61-00-9
UPID
US09-2431364
Jurisdiction
KERN
Zoning & alternative use
C-3 · Tehachapi, CAZoning C-3 · permitted uses
C-3 · Tehachapi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-3 zone is applied to areas of Tehachapi that are appropriate for uses of the widest range of retail commercial activities, including regional shopping centers and heavy commercial uses
Zone name
General Commercial
General category
COMMERCIAL
Zone area
446.87 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
RESTAURANT
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
2003
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Greystone Real Estate Holdings INC
Entity
Mailing address
7731 AGNEW AVE, LOS ANGELES, CA 90045-1016
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2022
$6,400,000
Greystone Real Estate Holdings INC
Lacw Tehachapi LLC
Grant Deed
—
Sep 5, 2014
$5,650,000
Lacw Tehachapi LLC
Charles Gibbs Investments LLC
Grant Deed
—
—
—
Charles Gibbs Investments LLC
—
Deed Of Trust
related
$2,100,000 · Principal Life Insurance Co
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 1091 Tehachapi Blvd?
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.
