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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Office buildings
1168 Leland Ave Tulare, CA 93274-7811
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5779688
Property summary
AI-generated overview
This exceptional 5,067-square-foot Class A medical office building, constructed in 2008, is ideally situated in the Del Lago Professional Center of Tulare, CA. The property is currently vacant and available for immediate occupancy. The space boasts a complete build-out, perfectly suited for a medical practice. Features include a welcoming reception area, spacious waiting room, fifteen fully equipped exam rooms each with sinks, five restrooms, two private offices, a dedicated nurses' station, a secure records room, a convenient break room, and a well-appointed IT room/data closet. Detailed floor plans are available upon request. This prime East Tulare location offers easy access to desirable residential neighborhoods, major shopping centers, and Highway 99. The building's strategic location makes it a strong candidate for a Federally Qualified Health Center (FQHC), given the high Health Professional Shortage Area (HPSA) scores: Mental Health 16 and Primary Care 17. Lease rate and terms are negotiable. Inquire for further details and to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2008
Construction
WOOD
Total area
5,000 SF
Lot
0.43 ac (18,730 SF)
Zoning code
C-2
APN
149-130-048-000
UPID
US09-5779688
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
-
Jackson House Tulare Medical Clinic
-
Commercial Lending Tulare CA Business Broker
-
Commercial Lending-Tulare, 75 Business Broker
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$797k
Blend (final)
Blend
$1.11M
Owner & transaction history
Bh Tc Real Estate 1168 LLC · 4 yrs held
Bh Tc Real Estate 1168 LLC
since 2022
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
C-2 · Tulare, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+89.0%
Medical building
$1.0M
+56.4%
Retail stores
$715,000
+10.5%
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
Method
Estimation
Statistic approach
$1,080,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
$1,110,000
6.5%
$1,025,000
7%
$950,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,220,000
Change: +89% · Conversion: Easy
MEDICAL BUILDING
$1,010,000
Change: +56% · Conversion: Easy
RETAIL STORES
$715,000
Change: +11% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$680,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.48M (Apr 14 2022)
Last sale anchor
$1.48M
Apr 14 2022
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
$221 / 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
$17,037
Tax year 2024
Assessed value
$1,534,590
Assessed 2024
Previous assessed
$1,534,590
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$208,080
Assessed improvement
$1,326,510
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Units
1
Total area
5,000 SF
Lot
0.43 ac (18,730 SF)
Zoning code
C-2
APN
149-130-048-000
UPID
US09-5779688
Jurisdiction
TULARE
Zoning & alternative use
C-2 · Tulare, CA
Zoning C-2 · permitted uses
C-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$680,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2008
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Bh Tc Real Estate 1168 LLC
Entity
Mailing address
7050 PKWY DR, LA MESA, CA 91942-1535
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 14, 2022
$1,475,000
Bh Tc Real Estate 1168 LLC
John W Somers
Grant Deed
$1,935,000 · Citizens Community Bank
Apr 13, 2011
—
Somers John & L Living Trust
Somers,john W & Laura J
Quit Claim Deed
related
—
Nov 24, 2009
$1,200,000
John W Somers
Great Valley Land Co LLC
Grant Deed
$151,400 · Valley Business Bank
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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