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Property profile & analytics
OFF-MARKET
Industrial land
1155 Martin Luther King Jr Ave Tulare, CA 93274-5876
Entity Owned
8-yr Hold
Free & Clear
Property ID
US09-5772733
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1958
Total area
1,044 SF
Lot
0.54 ac (23,600 SF)
Zoning code
C4
APN
177-070-024-000
UPID
US09-5772733
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
by Request
Owner & transaction history
Sherrill & Southard LLC · 8 yrs held
Sherrill & Southard LLC
since 2018
7 recorded transactions
Zoning & alternative use
C4 · Tulare, 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 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
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
$842
Tax year 2024
Assessed value
$75,855
Assessed 2024
Previous assessed
$75,855
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$75,855
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1958
Heating
NONE
Stories
1
Bathrooms
1
Total area
1,044 SF
Lot
0.54 ac (23,600 SF)
Zoning code
C4
APN
177-070-024-000
UPID
US09-5772733
Jurisdiction
TULARE
Zoning & alternative use
C4 · Tulare, CA
Zoning C4 · permitted uses
C4 · 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.
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Sherrill & Southard LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 1747, TULARE, CA 93275-1747
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
—
Skikos Properties LLC
—
Deed
related
$1,425,000 · Mission Bank
Mar 20, 2018
—
Sherrill & Southard LLC
Perry Southard
Quit Claim Deed
related
—
Jan 22, 2018
$735,000
Perry Southard
Tulare Tri LLC
Grant Deed
$735,000 · Tulare Tri LLC
Jan 9, 2018
—
Manuel Mancebo JR
Mancebo Kathryn
Affidavit Of Death
related
—
Mar 27, 2008
$215,000
Tulare Tri LLC
Hernandez,jose & Victoria
Grant Deed
—
Mar 7, 2007
—
Jose Hernandez
Hernandez,victoria
Quit Claim Deed
related
—
Mar 7, 2007
$260,000
Jose Hernandez
Garcia,aristeo
Grant Deed
$185,000 · Sierra Mortgage
Nov 7, 2005
$185,000
Aristeo Garcia
Anderson,richard
Grant Deed
$230,000 · Tulare County Mortgage
Nov 7, 2005
—
Aristeo Garcia
Ruiz,maria
Grant Deed
related
—
Jul 18, 2005
$165,000
Richard Anderson
Mayorga,enrique & Consuelo
Grant Deed
$132,000 · Sumruld & Garcia Properties
Nov 4, 2002
$78,000
Enrique Mayorga
Scott,kjenneth A & Vera
Grant Deed
$68,000 · Kjenneth A & Vera Scott
Aug 8, 1991
$66,032
Kenneth A Scott
Currie,robert P
Trustees 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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