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Property profile & analytics
OFF-MARKET
Turn key restaurants
1161 Tulare Ave, Tulare, CA 93274-4561
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5727295
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1971
Construction
TILT-UP CONCRETE
Total area
4,429 SF
Lot
1.04 ac (45,288 SF)
Zoning code
C3
APN
177-122-008-000
UPID
US09-5727295
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
-
Black Bear Diner Tulare Restaurant
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
1161 East Tulare Ave LLC · 11 yrs held
1161 East Tulare Ave LLC
since 2014
7 recorded transactions
Zoning & alternative use
C3 · 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
$8,965
Tax year 2024
Assessed value
$807,535
Assessed 2024
Previous assessed
$807,535
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$412,119
Assessed improvement
$395,416
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
4,429 SF
Lot
1.04 ac (45,288 SF)
Zoning code
C3
APN
177-122-008-000
UPID
US09-5727295
Jurisdiction
TULARE
Zoning & alternative use
C3 · Tulare, CA
Zoning C3 · permitted uses
C3 · 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
1971
Construction
TILT-UP CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
1161 East Tulare Ave LLC
Entity
Free & Clear · 11 yrs held
Mailing address
122 S PATTERSON AVE, SANTA BARBARA, CA 93111-2055
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2014
—
1161 East Tulare Ave LLC
Rose,robert
Quit Claim Deed
—
Oct 11, 2007
—
Robert Rose
Rose,robert
Quit Claim Deed
related
—
Sep 19, 2005
—
Roger Elmerick
Elmerick,roger
Quit Claim Deed
related
$1,000,000 · Bank Of The Sierra
Aug 30, 2005
—
Rose Robert R 2005 Trust
Rose,robert
Quit Claim Deed
related
—
Nov 1, 2004
—
Robert Elmerick
Elmerick,linda
Quit Claim Deed
related
—
Nov 1, 2004
$539,500
Robert Rose
Rose & Ybarra Restaurants INC
Grant Deed
related
$500,000 · Bank Of The Sierra
Feb 18, 1997
—
Cornerstone Realty Investments
Cornerstone Foods INC
Quit Claim Deed
related
—
Feb 18, 1997
$350,000
Rose & Ybarra Restaurants INC
Regents Univer Of California
Quit Claim Deed
related
$472,000 · Goleta National Bank
Apr 16, 1996
—
Allaway Trust
Allaway,william H & Olivia F
Quit Claim Deed
related
—
Jul 22, 1994
$100,000
William H Allaway
Cornerstone Real
Grant Deed
related
$250,000 · Seller
—
—
Robert Rose
—
Loan Modification
related
—
—
—
Robert Rose
—
Deed Of Trust
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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