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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail space
11735 Socrates Mine Rd Middletown, CA 95461-7561
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2959226
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Total area
8,400 SF
Lot
5.41 ac (235,659 SF)
APN
013-057-191-000
UPID
US09-2959226
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
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$800k
Owner & transaction history
Joseph A Laymon · 1 yrs held
Joseph A Laymon
since 2024
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+34.0%
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$790,000
Current use
OFFICE BUILDING
$1,060,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Jul 26 2024)
Last sale anchor
$800k
Jul 26 2024
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
$95 / 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
$10,443
Tax year 2024
Assessed value
$696,920
Assessed 2024
Previous assessed
$696,920
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$268,045
Assessed improvement
$428,875
Applied tax rate
62.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1988
Heating
NONE
Total area
8,400 SF
Lot
5.41 ac (235,659 SF)
APN
013-057-191-000
UPID
US09-2959226
Jurisdiction
LAKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$790,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES Current
OFFICE BUILDING
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
1988
Heating
NONE
Lot
5.41 ac
Current owner
From public records · entity-resolved
Joseph A Laymon
Individual
Mailing address
18540 PO BOX 1579TH RD, MIDDLETOWN, CA 95461-1579
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
$800,000
Joseph A Laymon
Karen Lair
Grant Deed
$405,000 · Redwood Cu
Jul 26, 2024
—
Connie Reynolds
Jack Glenn Lair
Affidavit Of Death
$324,000 · Redwood Cu
Aug 31, 2021
—
Jack Lair
—
Deed
related
$65,000 · Robin Salame
Jul 2, 2021
—
Jack Lair
—
Deed
related
$392,000 · Robin Salame
Mar 16, 2020
—
Richard Reynolds
Reynolds Truck & Crane INC
Quit Claim Deed
related
—
Mar 16, 2020
$650,000
Jack Lair
Richard Reynolds
Grant Deed
—
Jun 27, 2017
—
Richard Reynolds
—
Deed
related
$284,000 · Us Small Busn Admn
Jul 31, 2012
—
Reynolds Truck & Crane INC
Reynolds,richard & Connie
Quit Claim Deed
related
—
Jul 31, 2012
$690,000
Richard Reynolds
Wayne Jackson Trust
Grant Deed
$345,000 · Heritage Bank Of Commerce
Aug 11, 2011
—
Jackson J Wayne Trust
Sunoco INC
Quit Claim Deed
related
—
Feb 7, 2011
—
Jackson J Wayne Trust
Tweten,leigh A
Grant Deed
related
—
Jan 6, 2011
—
Leigh A Tweten
Jackson J Wayne Trust
Grant Deed
related
—
Apr 16, 2010
—
Jackson J Wayne Trust
Jackson,j Wayne
Quit Claim Deed
related
—
May 15, 2007
—
J Wayne Jackson
Jackson J W & K L Trust
Quit Claim Deed
related
$90,000 · Kimberly L Jackson
Nov 5, 1998
—
Joyce W Jackson
Jackson,joyce W
Quit Claim Deed
related
—
Apr 19, 1996
—
Joyce W Jackson
Jackson,joyce W
Quit Claim Deed
related
$450,000 · Us Bank Of California
—
—
Richard Reynolds
—
Loan Modification
related
$284,000 · Us Small Busn Admn
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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