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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Apartment buildings
1400 Lewis St Kingsburg, CA 93631-1936
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2643079
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
9,200 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CC
APN
396-122-01
UPID
US09-2643079
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
-
Downtown Skate Park Kingsburg Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$963k
Blend (final)
Blend
$845k
Owner & transaction history
Pasillas Properties LLC · 3 yrs held
Pasillas Properties LLC
since 2023
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
CC · Kingsburg, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+15.4%
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 Kingsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingsburg 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
$835,000
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,170,000
Current use
AUTO REPAIR, GARAGE
$1,350,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$990,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$980,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $850k (Apr 21 2023)
Last sale anchor
$850k
Apr 21 2023
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
$92 / 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
$9,411
Tax year 2023
Assessed value
$530,175
Assessed 2023
Previous assessed
$530,175
+0.0% YoY
Effective rate
1.78%
On assessed value
Assessed land
$73,638
Assessed improvement
$456,537
Applied tax rate
6.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
10
Bathrooms
12
Total area
9,200 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CC
APN
396-122-01
UPID
US09-2643079
Jurisdiction
FRESNO
Zoning & alternative use
CC · Kingsburg, CA
Zoning CC · permitted uses
CC · Kingsburg, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kingsburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$990,000
INDUSTRIAL (GENERAL)
Est. value
$980,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1971
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
10
Bathrooms
12
Lot
0.34 ac
Current owner
From public records · entity-resolved
Pasillas Properties LLC
Entity
Mailing address
PO BOX 644, KINGSBURG, CA 93631-0644
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2023
$850,000
Pasillas Properties LLC
Janis L Conklin
Grant Deed
$850,000 · Janis Conklin
May 21, 2018
$300,100
Janis L Conklin
Berman G D & D D F/tr
Grant Deed
—
Jan 28, 2015
—
Berman,gerald D & D D Trust
Berman,gerald D
Quit Claim Deed
related
—
Jun 25, 2014
—
Janis L Conklin
Conklin Philip L
Quit Claim Deed
related
—
Feb 28, 2014
—
Berman,g D & D D Family Trust
Berman,gerald D
Quit Claim Deed
related
—
Dec 2, 2013
—
Berman,g D & D D Family Trust
Berman,gerald D
Quit Claim Deed
related
—
Nov 21, 2013
—
Gerald D Berman
Berman Dave B & E L Trust
Quit Claim Deed
related
—
Jun 8, 1995
—
Berman Trust
Berman,dave B & Etta L
Quit Claim Deed
related
—
Jan 28, 1980
—
Berman,dave B & Etta L|conklin,janis L Trust Etal
—
Grant Deed
related
—
Sep 23, 1977
—
—
—
Grant 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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