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Property profile & analytics
OFF-MARKET
Estimated value
$4,200,000
Retail space
150 Lerdo Hwy, Shafter, CA 93263-2702
Entity Owned
~
Est. High Equity
Property ID
US09-2269251
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
WOOD
Total area
17,588 SF
Lot
1.66 ac (72,309 SF)
Zoning code
GC
APN
027-261-14-00-9
UPID
US09-2269251
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
$4.10M
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
$3.74M
Blend (final)
Blend
$4.20M
Owner & transaction history
The Shafter Group LLC
The Shafter Group LLC
since 2025
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
GC · Shafter, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.1M
+142.6%
Medical building
$4.0M
+60.8%
Office building
$3.7M
+48.5%
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 Shafter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shafter 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
$4,200,000
ML approach
$4,100,000
CAP Approach
CAP Return
Estimation
6%
$2,805,000
6.5%
$2,590,000
7%
$2,405,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,070,000
Change: +143% · Conversion: Moderate
MEDICAL BUILDING
$4,020,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$3,715,000
Change: +49% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,800,000
Change: +12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,685,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10% · vs last sale $4.25M (Jun 23 2025)
Last sale anchor
$4.25M
Jun 23 2025
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
$239 / 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
$50,019
Tax year 2023
Assessed value
$4,309,829
Assessed 2023
Previous assessed
$4,309,829
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$457,261
Assessed improvement
$3,852,568
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
17,588 SF
Lot
1.66 ac (72,309 SF)
Zoning code
GC
APN
027-261-14-00-9
UPID
US09-2269251
Jurisdiction
KERN
Zoning & alternative use
GC · Shafter, CA
Zoning GC · permitted uses
GC · Shafter, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shafter. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
MEDICAL BUILDING
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
The Shafter Group LLC
Entity
Mailing address
PO BOX 3165, HARRISBURG, PA 17105-3165
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2025
$4,250,000
The Shafter Group LLC
Sri Aushada LLC
Grant Deed
$3,000,000 · Fruitvale Financial LLC
Feb 21, 2020
$4,100,000
Sri Aushada LLC
37 Shafter Riteaid LLC
Grant Deed
—
Jul 17, 2017
—
37 Shafter Riteaid LLC
—
Deed
related
$3,196,673 · Rabobank
Feb 21, 2012
$1,031,000
37 Shafter Riteaid LLC
Lerdo & Central Associates LLC
Grant Deed
$3,600,000 · Wells Fargo Bank 2007-iq15 (ce
Jul 24, 2006
—
Lerdo & Central Associates LLC
—
Trustees Deed
related
$3,500,000 · City National Bank
May 11, 2006
$803,000
Lerdo & Central Associates LLC
Thrifty Payless INC
Grant Deed
—
May 11, 2006
—
Thrifty Payless INC
Thrifty Payless INC
Quit Claim Deed
related
—
—
—
37 Shafter Riteaid LLC
—
Deed Of Trust
related
$3,196,673 · Rabobank
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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