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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Warehouses
15001 California Ave Kerman, CA 93630
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-1818803
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
TYPE NOT SPECIFIED
Total area
7,000 SF
Lot
1.03 ac (44,866 SF)
Zoning code
MI
APN
023-061-25S
UPID
US09-1818803
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
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.01M
Owner & transaction history
Specialty Hose Xpress LLC · 3 yrs held
Specialty Hose Xpress LLC
since 2023
Last sale
$890,000
7 recorded transactions
Zoning & alternative use
MI · Kerman, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+130.7%
Medical building
$1.4M
+111.1%
Office building
$1.2M
+83.4%
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 Kerman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kerman 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
$1,175,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$645,000
Current use
RESTAURANT
$1,490,000
Change: +131% · Conversion: Difficult
MEDICAL BUILDING
$1,365,000
Change: +111% · Conversion: Difficult
OFFICE BUILDING
$1,185,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,030,000
Change: +59% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$890,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$755,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $890k (Feb 27 2023)
Last sale anchor
$890k
Feb 27 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
$144 / 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
$10,265
Tax year 2024
Assessed value
$907,800
Assessed 2024
Previous assessed
$907,800
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$255,000
Assessed improvement
$652,800
Applied tax rate
13.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
7,000 SF
Lot
1.03 ac (44,866 SF)
Zoning code
MI
APN
023-061-25S
UPID
US09-1818803
Jurisdiction
FRESNO
Zoning & alternative use
MI · Kerman, CA
Zoning MI · permitted uses
MI · Kerman, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kerman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$645,000
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$890,000
RETAIL STORES
Est. value
$755,000
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1979
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Specialty Hose Xpress LLC
Entity
Mailing address
15001 W PO BOX 3574TH AVE, TURLOCK, CA 95381-3574
Mailing matches property
Yes
Owner-occupied
Yes
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
May 8, 2023
—
Specialty Hose Xpress LLC
Eric Joseph Plagenza
Lease
—
Apr 5, 2023
—
Specialty Hose Xpress LLC
Eric Joseph Plagenza
Lease
$366,000 · Cen Cal Business Finance Group
Feb 27, 2023
$890,000
Eric Plagenza
Clifford A Mayer
Grant Deed
$445,000 · Citizens Business Bank
Aug 26, 2022
—
Clifford A Mayer
Clifford A Mayer
Intrafamily Transfer
related
—
Feb 17, 2017
—
Clifford Mayer
—
Deed
related
$80,000 · Citizens Business Bank
May 24, 1982
$120,000
Clifford A Mayer
C A M Company
Grant Deed
—
—
—
Mayer,clifford A & Charlene R
—
Deed Of Trust
related
$249,500 · Fresno First Bk
—
—
Clifford A Mayer
—
Deed Of Trust
related
$210,000 · United Security Bank
—
—
Clifford A Mayer
—
Deed Of Trust
related
$150,000 · Wells Fargo Bank
—
—
Clifford A Mayer
—
Deed Of Trust
related
$125,000 · Bank Of Fresno
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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