Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Car washes
150 Marengo Ave Shafter, CA 93263-2718
Individually Owned
5-yr Hold
Free & Clear
Property ID
US09-2453105
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1999
Construction
WOOD
Total area
4,200 SF
Lot
0.26 ac (11,325 SF)
Zoning code
G-C
APN
028-251-27-00-1
UPID
US09-2453105
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
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$600k
Owner & transaction history
Michael F Hair JR · 5 yrs held
Michael F Hair JR
since 2021
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
G-C · Shafter, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$960,000
+43.6%
Office building
$885,000
+32.6%
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
$750,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$670,000
Current use
MEDICAL BUILDING
$960,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$595,000
Change: -11% · Conversion: Difficult
WAREHOUSE, STORAGE
$545,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (May 14 2021)
Last sale anchor
$600k
May 14 2021
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
$143 / 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
$3,778
Tax year 2023
Assessed value
$319,402
Assessed 2023
Previous assessed
$319,402
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$72,828
Assessed improvement
$246,574
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
YES
Cooling
YES
Total area
4,200 SF
Lot
0.26 ac (11,325 SF)
Zoning code
G-C
APN
028-251-27-00-1
UPID
US09-2453105
Jurisdiction
KERN
Zoning & alternative use
G-C · Shafter, CA
Zoning G-C · permitted uses
G-C · 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
AUTO REPAIR, GARAGE Current
Est. value
$670,000
MEDICAL BUILDING
Est. value
$960,000
OFFICE BUILDING
Est. value
$885,000
RETAIL STORES
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$545,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.26 ac
Current owner
From public records · entity-resolved
Michael F Hair JR
Individual
Free & Clear · 5 yrs held
Mailing address
6501 FRUITVALE AVE, BAKERSFIELD, CA 93308-2712
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2021
$600,000
Michael F Hair JR
Timothy A Escalante
Grant Deed
—
Jun 17, 2020
—
Escalante Family Trust
Sherry J Escalante
Affidavit Of Death
related
—
Feb 14, 2011
—
Alexander Janet Tr
Nikkel,jack H & June A
Affidavit Of Death
related
—
Nov 6, 2008
—
Escalante Family Trust
Escalante,timothy A & Sherry J
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 150 Marengo Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
