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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Flex space
125 Tehachapi Blvd Tehachapi, CA 93561-1730
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-4570214
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1990
Construction
WOOD
Total area
13,700 SF
Lot
3.27 ac (142,441 SF)
Zoning code
M1
APN
415-110-12-00-1
UPID
US09-4570214
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
-
Signal Garden West Park
-
Union Pacific Railroad Corporate Office
-
Kohnen's Country Bakery Bakery Specialty Food Shop
-
The Dressing Room Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$2.39M
Owner & transaction history
Rexford Properties 1 LLC · 4 yrs held
Rexford Properties 1 LLC
since 2021
Last sale
$2.1M
2 recorded transactions
Zoning & alternative use
M1 · Tehachapi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+66.0%
Apartment house (5+ units)
$2.7M
+56.6%
Office building
$2.7M
+52.6%
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 Tehachapi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tehachapi 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
$2,625,000
ML approach
$2,545,000
CAP Approach
CAP Return
Estimation
6%
$2,810,000
6.5%
$2,595,000
7%
$2,410,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,740,000
Current use
MEDICAL BUILDING
$2,890,000
Change: +66% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,725,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$2,655,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,900,000
Change: +9% · Conversion: Easy
RETAIL STORES
$1,725,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±10% · vs last sale $2.10M (Oct 4 2021)
Last sale anchor
$2.10M
Oct 4 2021
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
$174 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$24,777
Tax year 2023
Assessed value
$2,142,000
Assessed 2023
Previous assessed
$2,142,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$515,100
Assessed improvement
$1,626,900
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
13,700 SF
Lot
3.27 ac (142,441 SF)
Zoning code
M1
APN
415-110-12-00-1
UPID
US09-4570214
Jurisdiction
KERN
Zoning & alternative use
M1 · Tehachapi, CA
Zoning M1 · permitted uses
M1 · Tehachapi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tehachapi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
3.27 ac
Current owner
From public records · entity-resolved
Rexford Properties 1 LLC
Entity
Mailing address
1522 REXFORD DR, LOS ANGELES, CA 90035-3110
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Oct 4, 2021
$2,100,000
Rexford Properties 1 LLC
Djm Jameson Properties LLC
Grant Deed
$1,575,000 · Bank Of The West
Sep 2, 2016
$1,250,000
Djm Jameson Properties LLC
Glass,phillip M
Grant Deed
$1,000,000 · Phil M Glass
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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