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Property profile & analytics
OFF-MARKET
Estimated value
$6,980,000
Flex space
1140 Madera Ave Kerman, CA 93630
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3036423
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1950
Construction
TYPE NOT SPECIFIED
Total area
64,484 SF
Lot
13.62 ac (593,287 SF)
Zoning code
M1
APN
023-073-12S
UPID
US10-3036423
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.16M
Blend (final)
Blend
$6.98M
Owner & transaction history
Pinnacle Agriculture Distribut · 11 yrs held
Pinnacle Agriculture Distribut
since 2014
5 recorded transactions
Zoning & alternative use
M1 · Kerman, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.9M
+59.0%
Auto repair, garage
$9.5M
+37.8%
Apartment house (5+ units)
$8.2M
+19.4%
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 Kerman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kerman 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,870,000
Current use
OFFICE BUILDING
$10,925,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,470,000
Change: +38% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,200,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$6,940,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$6.98M
Range $6.28M – $7.68M · ±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
$108 / 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
$57,844
Tax year 2024
Assessed value
$5,107,182
Assessed 2024
Previous assessed
$5,107,182
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$765,882
Assessed improvement
$4,341,300
Applied tax rate
13.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
64,484 SF
Lot
13.62 ac (593,287 SF)
Zoning code
M1
APN
023-073-12S
UPID
US10-3036423
Jurisdiction
FRESNO
Zoning & alternative use
M1 · Kerman, CA
Zoning M1 · permitted uses
M1 · Kerman, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kerman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.9M
OFFICE BUILDING
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.2M
RETAIL STORES
Est. value
$6.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
13.62 ac
Current owner
From public records · entity-resolved
Pinnacle Agriculture Distribut
Individual
Free & Clear · 11 yrs held
Mailing address
1880 FALL RIV DR STE #100, LOVELAND, CO 80538-7158
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Sep 5, 2014
—
Pinnacle Agriculture Distribut
I & D Investments LLC
Grant Deed
—
Jun 22, 2006
—
I & D Investments LLC
Owner,record
Grant Deed
related
—
Jan 20, 2006
—
Conagra Foods Food Ingredients
Conagra Foods Food Ingredients
Quit Claim Deed
related
—
Jan 20, 2006
$900,000
I & D Investments LLC
Conagra Foods Food Ingredients
Grant Deed
—
May 6, 1980
—
Helm Bean & Seed Warehouse INC
—
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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