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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Manufacturing properties
1151 Ash Ave Shafter, CA 93263
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3908964
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2020
Construction
WOOD FRAME
Total area
6,175 SF
Lot
0.53 ac (23,086 SF)
Zoning code
BP
APN
089-230-61-00-1
UPID
US09-3908964
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
by Request
Blend (final)
Blend
$605k
Owner & transaction history
Rene Portillo · 2 yrs held
Rene Portillo
since 2024
3 recorded transactions
Zoning & alternative use
BP · Shafter, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$985,000
+18.1%
Apartment house (5+ units)
$945,000
+13.2%
Retail stores
$880,000
+5.4%
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 Shafter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shafter 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)
$835,000
Current use
AUTO REPAIR, GARAGE
$985,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$945,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$880,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$98 / 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
$7,147
Tax year 2023
Assessed value
$609,076
Assessed 2023
Previous assessed
$609,076
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$102,402
Assessed improvement
$506,674
Applied tax rate
6.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2020
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
6,175 SF
Lot
0.53 ac (23,086 SF)
Zoning code
BP
APN
089-230-61-00-1
UPID
US09-3908964
Jurisdiction
KERN
Zoning & alternative use
BP · Shafter, CA
Zoning BP · permitted uses
BP · Shafter, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shafter. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$985,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$945,000
RETAIL STORES
Est. value
$880,000
INDUSTRIAL (GENERAL) Current
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
2020
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Rene Portillo
Individual
Free & Clear · 2 yrs held
Mailing address
821 E GOLDEN POPPY CT, SHAFTER, CA 93263-3159
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
—
Rene Portillo
Rene Portillo
Deed
related
—
Nov 22, 2019
—
Rene Portillo
—
Trustees Deed
related
$416,083 · Mission Bk
Oct 8, 2015
$90,000
Rene Portillo
Thomas,fred L & Sandra K
Grant Deed
$40,000 · Fred L & Sandra K Thomas
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
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