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Property profile & analytics
FOR SALE
Sports & entertainment properties
10953 14Th Ave Armona, CA 93202
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3025189
For Sale
1 / 5
$607,000
10953 14Th Ave, Armona, CA 93202
View Listing →
Property summary
AI-generated overview
This exceptional investment opportunity presents a single-story, 2,998 square foot free-standing office building located at 10953 14th Ave, Armona, CA 93202. The property sits on a 0.48-acre lot and boasts 25 parking spaces. Currently leased under a gross lease with a single tenant at 100% occupancy, this building offers a strong 7.10% capitalization rate with a Net Operating Income (NOI) of $49,000. The asking price is $690,000, translating to $230.15 per square foot. A new 3.5-year lease is in place, and the tenant is planning significant upgrades to the property. The property includes rent bumps, and lease options are available. This is a prime investment opportunity in the heart of Armona, Kings County, California. The APN is 017-080-001. This is a for-sale-by-owner listing.
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1953
Construction
TYPE NOT SPECIFIED
Total area
2,998 SF
Lot
0.48 ac (21,000 SF)
Zoning code
CC
APN
017-080-001-000
UPID
US09-3025189
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
-
Kings County Commission On Aging Council Government Office
-
COMMISSION ON AGING/ SENIOR CENTER Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
J & J Exeter Real Estate LLC · 12 yrs held
J & J Exeter Real Estate LLC
since 2013
5 recorded transactions
Zoning & alternative use
CC · Armona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Armona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Armona 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,120
Tax year 2024
Assessed value
$464,502
Assessed 2024
Previous assessed
$464,502
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$100,952
Assessed improvement
$363,550
Applied tax rate
51.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
For Sale
Year built
1953
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
2,998 SF
Lot
0.48 ac (21,000 SF)
Zoning code
CC
APN
017-080-001-000
UPID
US09-3025189
Jurisdiction
KINGS
Zoning & alternative use
CC · Armona, CA
Zoning CC · permitted uses
CC · Armona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Armona. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.48 ac
Current owner
From public records · entity-resolved
J & J Exeter Real Estate LLC
Entity
Mailing address
5942 W MODOC AVE, VISALIA, CA 93291-8532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2013
$386,500
J & J Exeter Real Estate LLC
Golden St Young Mens Christia
Grant Deed
—
May 14, 2010
$200,000
St Young Mens Christia Golden
Kings Cnty Young Mens Christi
Grant Deed
$186,773 · Kings Cnty Young Men's Christi
Jan 3, 2002
—
Mens Christian Assn King Young
Armona Senior Citizens
Grant Deed
related
—
—
—
Senior Citizens Armona
—
Deed Of Trust
related
$12,000 · Kings County (ca)
—
—
St Young Mens Christia Golden
—
Deed Of Trust
related
$400,000 · Dir Family Trust (pt)
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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