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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Grocery and convenience stores
146 Farmersville Blvd Farmersville, CA 93223-1520
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6002936
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1972
Construction
WOOD
Total area
3,356 SF
Lot
0.15 ac (6,612 SF)
Zoning code
CG
APN
129-103-012-000
UPID
US09-6002936
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
by Request
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$580k
Owner & transaction history
Suleman Lakhani · 5 yrs held
Suleman Lakhani
since 2020
6 recorded transactions
Zoning & alternative use
CG · Farmersville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide a general commercial area for the sale of commodities or the performance of services to serve the entire community
Zone name
General Commercial
General category
COMMERCIAL
Zone area
137.64 ac
Source
Realmo
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 Farmersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmersville 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$173 / 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
$4,234
Tax year 2024
Assessed value
$379,990
Assessed 2024
Previous assessed
$379,990
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$50,696
Assessed improvement
$329,294
Applied tax rate
8.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
1
Total area
3,356 SF
Lot
0.15 ac (6,612 SF)
Zoning code
CG
APN
129-103-012-000
UPID
US09-6002936
Jurisdiction
TULARE
Zoning & alternative use
CG · Farmersville, CAZoning CG · permitted uses
CG · Farmersville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide a general commercial area for the sale of commodities or the performance of services to serve the entire community
Zone name
General Commercial
General category
COMMERCIAL
Zone area
137.64 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Suleman Lakhani
Individual
Free & Clear · 5 yrs held
Mailing address
4730 W HAROLD AVE, VISALIA, CA 93291-9163
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Oct 30, 2020
—
Suleman Lakhani
Ssl Properties LLC
Quit Claim Deed
—
Nov 3, 2005
—
Ssl Properties LLC
Lakhani,suleman S
Grant Deed
—
Jul 16, 2001
$357,000
Suleman S Lakhani
Valley Convenience Stores INC
Grant Deed
—
Feb 17, 1989
—
Tropicana Ranch
Tropicana Ranch
Quit Claim Deed
related
$125,000 · Ritchie Harry E
Feb 17, 1989
$145,500
Tropicana Ranch
Ritchie,harry E
Trustees Deed
—
—
—
Valley Convenience Stores INC
—
Deed Of Trust
related
$175,000 · Fresno Credit Administration
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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