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Property profile & analytics
OFF-MARKET
Estimated value
$8,215,000
Apartment buildings
1100 Martin Luther King Jr Ave Tulare, CA 93274-5899
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6110043
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD
Total area
89,912 SF
Lot
4.69 ac (204,296 SF)
Zoning code
C-4D
APN
177-080-043-000
UPID
US09-6110043
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
-
Oak Park Apartments & Townhomes Tulare Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.49M
CAP Approach
CAP
$11.49M
Comparable Approach
Comparable
$5.48M
Blend (final)
Blend
$8.22M
Owner & transaction history
1100 Mlk JR Ave LLC · 5 yrs held
1100 Mlk JR Ave LLC
since 2021
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
C-4D · Tulare, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.8M
+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
$8,065,000
ML approach
$8,490,000
CAP Approach
CAP Return
Estimation
6%
$12,445,000
6.5%
$11,485,000
7%
$10,665,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,225,000
Current use
RETAIL STORES
$12,815,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$11,600,000
Change: -5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,485,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$8.22M
Range $7.39M – $9.04M · ±10% · vs last sale $8.15M (Mar 5 2021)
Last sale anchor
$8.15M
Mar 5 2021
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
$91 / 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
$97,851
Tax year 2024
Assessed value
$8,648,844
Assessed 2024
Previous assessed
$8,648,844
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,192,797
Assessed improvement
$7,456,047
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
1987
Construction
WOOD
Heating
CENTRAL
Cooling
EVAPORATIVE
Buildings
23
Stories
2
Units
81
Total area
89,912 SF
Lot
4.69 ac (204,296 SF)
Zoning code
C-4D
APN
177-080-043-000
UPID
US09-6110043
Jurisdiction
TULARE
Zoning & alternative use
C-4D · Tulare, CA
Zoning C-4D · permitted uses
C-4D · 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
$12.2M
RETAIL STORES
Est. value
$12.8M
OFFICE BUILDING
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$10.5M
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
1987
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
23
Units
81
Lot
4.69 ac
Current owner
From public records · entity-resolved
1100 Mlk JR Ave LLC
Entity
Mailing address
1600 ROSECRANS AVE #203, MANHATTAN BEACH, CA 90266-3708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
1100 Mlk JR Ave LLC
—
Deed
related
$11,218,000 · Greystone Servicing Company LLC
Mar 5, 2021
$8,150,000
1100 Mlk JR Ave LLC
Efrain A Linares
Grant Deed
$7,500,000 · Greystone Servicing Company
Jul 16, 2020
—
Linares Family Trust
Linares Family Trust
Quit Claim Deed
related
$4,600,000 · American First Cu
Dec 10, 2014
—
The Linares Family Trust
Oak Park Townhomes LP
Grant Deed
$4,200,000 · American River Bank
Dec 8, 2014
—
Als Oak Park LLC
Oak Park Townhomes LP
Quit Claim Deed
—
Sep 6, 2007
—
Oak Park Townhomes
Ab Oak Park LLC
Quit Claim Deed
—
Aug 9, 1999
$300,000
Tulare Townhomes LLC
Broadway Management INC
Grant Deed
related
—
Jan 19, 1999
$1,200,000
Broadway Management INC
Bank One NA Trustee
Quit Claim Deed
related
$750,000 · Robert Bass LLC
Jun 17, 1998
$1,087,000
Housing Authority Of Tulare Co
Dareco Gp
Trustees Deed
related
—
Jul 10, 1997
—
Mayer Properties
Mayer Trust
Quit Claim Deed
related
—
Mar 18, 1994
—
Mayer Trust
Mayer,leon E
Quit Claim Deed
related
—
—
—
Oak Park Townhomes LP
—
Deed Of Trust
related
$468,017 · Jaffe Nora T Trust (rt)
—
—
Broadway Management INC
—
Deed Of Trust
related
$150,000 · Individual
—
—
Tulare Townhomes LLC
—
Deed Of Trust
related
$100,000 · Individual
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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