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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Super regional malls
1209 Whitley Ave Corcoran, CA 93212-2327
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2240806
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1950
Construction
TILT-UP CONCRETE
Total area
6,500 SF
Lot
0.23 ac (10,000 SF)
APN
032-031-003-000
UPID
US09-2240806
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
-
United Health Centers of the San Joaquin Valley Medical Clinic
-
Chad B. Rieckenberg, PT, DPT, CCI, HMS, CFPS Physician
-
Barry Swanson Physician
-
Inderjit Dhaliwal Physician
-
Sayeh Od Nojoomi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
Terry Wayne Kwast · 1 yrs held
Terry Wayne Kwast
since 2025
Last sale
$650,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+126.1%
Auto repair, garage
$820,000
+85.1%
Office building
$810,000
+82.5%
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 Corcoran submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corcoran 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
$635,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$445,000
Current use
RESTAURANT
$1,000,000
Change: +126% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$810,000
Change: +83% · Conversion: Moderate
RETAIL STORES
$770,000
Change: +73% · Conversion: Easy
WAREHOUSE, STORAGE
$655,000
Change: +48% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$565,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $650k (May 20 2025)
Last sale anchor
$650k
May 20 2025
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
$102 / 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
$6,643
Tax year 2024
Assessed value
$627,300
Assessed 2024
Previous assessed
$627,300
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$69,360
Assessed improvement
$557,940
Applied tax rate
1.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1950
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
6,500 SF
Lot
0.23 ac (10,000 SF)
APN
032-031-003-000
UPID
US09-2240806
Jurisdiction
KINGS
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$445,000
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$820,000
OFFICE BUILDING
Est. value
$810,000
RETAIL STORES
Est. value
$770,000
WAREHOUSE, STORAGE
Est. value
$655,000
INDUSTRIAL (GENERAL)
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (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
1950
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Terry Wayne Kwast
Individual
Free & Clear · 1 yrs held
Mailing address
3875 W BEECHWOOD AVE, FRESNO, CA 93711-0794
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
$650,000
Terry Wayne Kwast
United Health Centers Of San Joaqui
Grant Deed
—
Aug 10, 2021
$615,000
United Health Centers Of San Joaqui
Bhupinder S Bajwa
Grant Deed
—
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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