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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Medical Office Space
116 Akers St, Visalia, CA 93291-5121
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-6087761
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
WOOD
Total area
2,968 SF
Lot
0.31 ac (13,325 SF)
Zoning code
OG
APN
085-190-023-000
UPID
US09-6087761
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
-
Paul Mayo, DPM Physician
-
Central Valley Foot & Ankle Medical Clinic
-
Dr. George S. Lavenson Jr, MD Physician
-
Kristopher Koelewyn, DPM Physician
-
Kathan Shah, DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$700k
Owner & transaction history
Paul Mayo · 5 yrs held
Paul Mayo
since 2021
Last sale
$660,000
5 recorded transactions
Zoning & alternative use
OG · Visalia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$815,000
+26.2%
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 Visalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Visalia 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
$775,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$645,000
Current use
COMMERCIAL (GENERAL)
$815,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $660k (Jul 8 2021)
Last sale anchor
$660k
Jul 8 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
$236 / 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
$8,234
Tax year 2024
Assessed value
$765,987
Assessed 2024
Previous assessed
$765,987
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$232,118
Assessed improvement
$533,869
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
2
Total area
2,968 SF
Lot
0.31 ac (13,325 SF)
Zoning code
OG
APN
085-190-023-000
UPID
US09-6087761
Jurisdiction
TULARE
Zoning & alternative use
OG · Visalia, CA
Zoning OG · permitted uses
OG · Visalia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Visalia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$815,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
2005
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Paul Mayo
Individual
Mailing address
116 N AKERS ST, VISALIA, CA 93291-5121
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2021
—
Paul Mayo
Paul R Mayo
Intrafamily Transfer
related
—
Dec 31, 2015
$660,000
Paul R Mayo
Ghaly Family Trust
Grant Deed
—
Dec 31, 2015
—
Paul R Mayo
Gina E Mayo
Intrafamily Transfer
related
$306,977 · Suncrest Bank
Jan 27, 2009
—
Ashraf Ghaly
Ghaly,ashraf & Riham
Quit Claim Deed
related
—
—
—
Paul R Mayo
—
Deed Of Trust
related
$316,000 · Private 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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