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Property profile & analytics
OFF-MARKET
Estimated value
$33,610,000
Industrial properties
12133 Ave 408 Cutler, CA 93615-2056
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-5979065
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1971
Total area
371,216 SF
Lot
45.02 ac (1,961,071 SF)
Zoning code
M-1
APN
032-050-041-000
UPID
US09-5979065
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
-
Prima® Wawona Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.25M
Comparable Approach
Comparable
$27.84M
Blend (final)
Blend
$33.61M
Owner & transaction history
Jireh Packing Company · 1 yrs held
Jireh Packing Company
since 2024
7 recorded transactions
Zoning & alternative use
M-1 · Cutler, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$52.0M
+30.9%
Apartment house (5+ units)
$50.5M
+27.1%
Retail stores
$47.1M
+18.7%
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 Cutler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cutler 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$36,020,000
6.5%
$33,250,000
7%
$30,875,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$39,715,000
Current use
OFFICE BUILDING
$51,970,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$50,475,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$47,135,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$33.61M
Range $30.25M – $36.97M · ±10%
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
$91 / 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
$628,473
Tax year 2024
Assessed value
$59,030,209
Assessed 2024
Previous assessed
$59,030,209
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,902,745
Assessed improvement
$57,127,464
Applied tax rate
68.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1971
Heating
NONE
Stories
2
Total area
371,216 SF
Lot
45.02 ac (1,961,071 SF)
Zoning code
M-1
APN
032-050-041-000
UPID
US09-5979065
Jurisdiction
TULARE
Zoning & alternative use
M-1 · Cutler, CA
Zoning M-1 · permitted uses
M-1 · Cutler, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cutler. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$39.7M
OFFICE BUILDING
Est. value
$52.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$50.5M
RETAIL STORES
Est. value
$47.1M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1971
Heating
NONE
Stories
2
Lot
45.02 ac
Current owner
From public records · entity-resolved
Jireh Packing Company
Entity
Free & Clear · 1 yrs held
Mailing address
12133 N AVE 408TH AVE STE #206, CUTLER, CA 93615-2056
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
—
Jireh Packing Company
Jireh 1111 Holdings LLC
Lease
—
Sep 10, 2024
—
Jireh Packing Company
Jireh 1111 Holdings LLC
Lease
$5,000,000 · Cen Cal Business Finance Group
Jul 25, 2024
$190,000
Jireh 1111 Holdings LLC
Stone Cold Ca LP
Grant Deed
$15,391,000 · Celtic Bank Corporation
Apr 6, 2023
—
Wawona Packing Co LLC
—
Deed
related
$100,000,000 · Royal Bank Of Canada
Mar 8, 2021
—
Wawona Packing Co LLC
—
Deed
related
$45,500,000 · Royal Bank Of Canada
Feb 24, 2021
$27,768,000
Stone Cold Ca LP
Wawona Packing Co LLC
Grant Deed
—
Dec 10, 2019
—
Wawona Packing Co LLC
—
Grant Deed
related
$395,000,000 · Royal Bk/canada
May 25, 2018
—
Wawona Packing Co LLC
—
Deed
related
—
Sep 18, 2017
—
Wawona Packing Co LLC
—
Grant Deed
related
$205,000,000 · Cooperatieve Rabobank Ua Ny Br
Jun 2, 2017
—
Wawona Packing Co LLC
Wawona Packing Co LLC
Quit Claim Deed
related
—
Jul 31, 2006
—
Wawona Packing Co LLC
Smittcamp,robert E
Grant Deed
related
—
Jun 22, 2005
—
Wawona Packing Co LLC
Wawona Packing Co LLC
Quit Claim Deed
related
$3,600,000 · Comerica Bank
—
—
Wawona Packing Co LLC
—
Loan Modification
related
—
—
—
Wawona Packing Co LLC
—
Loan Modification
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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