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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
133 L St Tulare, CA 93274-4113
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5828742
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1950
Construction
TILT-UP CONCRETE
Total area
3,500 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C-3
APN
176-092-012-000
UPID
US09-5828742
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
-
Covered California Certified Agent Insurance Agency
-
Hooper, Spuhler & Sturgeon Insurance Services Insurance Agency
-
Covered California Certified Agent - Michael Muller Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$442k
Blend (final)
Blend
$535k
Owner & transaction history
Tulare Joint Union High School Dist · 1 yrs held
Tulare Joint Union High School Dist
since 2024
Last sale
$575,000
6 recorded transactions
Zoning & alternative use
C-3 · Tulare, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$855,000
+89.0%
Medical building
$705,000
+56.4%
Retail stores
$500,000
+10.5%
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 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%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$450,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: +89% · Conversion: Easy
MEDICAL BUILDING
$705,000
Change: +56% · Conversion: Easy
RETAIL STORES
$500,000
Change: +11% · Conversion: Moderate
AUTO REPAIR, GARAGE
$410,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $575k (Aug 22 2024)
Last sale anchor
$575k
Aug 22 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
$153 / 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
$5,504
Tax year 2024
Assessed value
$495,788
Assessed 2024
Previous assessed
$495,788
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$135,214
Assessed improvement
$360,574
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1950
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,500 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C-3
APN
176-092-012-000
UPID
US09-5828742
Jurisdiction
TULARE
Zoning & alternative use
C-3 · Tulare, CA
Zoning C-3 · permitted uses
C-3 · 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
OFFICE BUILDING Current
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$855,000
MEDICAL BUILDING
Est. value
$705,000
RETAIL STORES
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$410,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
Buildings
1
Units
1
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Tulare Joint Union High School Dist
Individual
Free & Clear · 1 yrs held
Mailing address
159 OAKS CT, TULARE, CA 93274-1968
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$575,000
Tulare Joint Union High School Dist
Wendy W Storey
Grant Deed
—
Apr 28, 2011
—
Storey Wendy W Trust
Storey,wendy W
Quit Claim Deed
related
—
Nov 21, 2007
—
Wendy W Storey
Florence E Warren Family
Grant Deed
—
Sep 5, 2002
—
Florence E Warren Family LP
Warren,tr
Quit Claim Deed
related
—
Sep 4, 2002
—
Warren,tr
Warren,tr
Quit Claim Deed
related
—
Jan 18, 2000
—
Warren Trust
Warren,e L & Florence E
Quit Claim Deed
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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