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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Grocery and convenience stores
1279 St Tulare, CA 93274-1755
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1762973
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Construction
WOOD
Total area
6,040 SF
Lot
0.96 ac (41,958 SF)
Zoning code
C3
APN
168-240-069-000
UPID
US10-1762973
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
by Request
CAP Approach
CAP
$1.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
City Of Tulare · 1 yrs held
City Of Tulare
since 2024
7 recorded transactions
Zoning & alternative use
C3 · Tulare, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,140,000
6.5%
$1,975,000
7%
$1,835,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,425,000
Current use
RESTAURANT
$2,280,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±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
$265 / 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
$23,544
Tax year 2024
Assessed value
$2,120,709
Assessed 2024
Previous assessed
$2,120,709
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$514,656
Assessed improvement
$1,606,053
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
6,040 SF
Lot
0.96 ac (41,958 SF)
Zoning code
C3
APN
168-240-069-000
UPID
US10-1762973
Jurisdiction
TULARE
Zoning & alternative use
C3 · Tulare, CA
Zoning C3 · permitted uses
C3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
1996
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
City Of Tulare
Entity
Mailing address
411 E KERN AVE, TULARE, CA 93274-4257
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2024
—
City Of Tulare
Nw Tulare INC
Grant Deed
—
Sep 19, 2023
$5,310,000
Nw Tulare INC
Parmar Brothers INC
Grant Deed
$2,875,000 · Calprivate Bank
Aug 23, 2019
$2,850,000
Parmar Brothers INC
Singh,jaswinder
Grant Deed
$3,290,000 · Celtic Bk
Aug 23, 2019
—
Jaswinder Singh
Kaur,jaswinder
Quit Claim Deed
—
Nov 15, 2005
$630,000
Jaswinder Singh
North Star Partnership
Grant Deed
$1,400,000 · Valley Business Bank
Jun 13, 2005
$1,200,000
Star Ptshp North
Martinho,brian J & Sara A
Grant Deed
$1,200,000 · Bank Of Visalia
Oct 2, 2003
—
Brian Martinho
Martinho LP
Quit Claim Deed
related
$1,208,500 · Temecula Valley Bank NA
Jul 22, 2003
—
Martinho LP
Martinho,danny P & Dorothy J
Quit Claim Deed
related
—
Oct 28, 1999
—
Danny P Martinho
Martinho Trust
Quit Claim Deed
related
$290,000 · Kaweah National Bank
Dec 3, 1998
—
Martinho Trust
Martinho,danny P & Dorothy J
Quit Claim Deed
related
—
Jan 28, 1997
—
Danny P Martimho
Martimho,danny P & Dorothy J
Quit Claim Deed
related
—
—
—
Jaswinder Singh
—
Deed Of Trust
related
$2,100,000 · Open Bank
—
—
Danny P Martinho
—
Deed Of Trust
related
$301,342 · Kaweah National Bank
—
—
B & S Martinho INC
—
Deed Of Trust
related
$1,000,000 · D & D Martinho INC
—
—
Brian Martinho
—
Deed Of Trust
related
$1,000,000 · D D Martinho INC
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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