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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Office buildings
1501 Draper St Kingsburg, CA 93631-1910
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2533618
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
TILT-UP CONCRETE
Total area
7,668 SF
Lot
0.1 ac (4,399 SF)
Zoning code
C2
APN
396-072-19
UPID
US09-2533618
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
-
Bella Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.63M
Owner & transaction history
Paige Lamborn · 1 yrs held
Paige Lamborn
since 2025
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
C2 · Kingsburg, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+84.0%
Restaurant
$1.6M
+25.8%
Medical building
$1.5M
+15.1%
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
$1,565,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,510,000
7%
$1,400,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,300,000
Current use
COMMERCIAL (GENERAL)
$2,390,000
Change: +84% · Conversion: Easy
RESTAURANT
$1,635,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$1,495,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,125,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.70M (May 22 2025)
Last sale anchor
$1.70M
May 22 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
$212 / 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
$8,443
Tax year 2023
Assessed value
$696,929
Assessed 2023
Previous assessed
$696,929
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$53,609
Assessed improvement
$643,320
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
7,668 SF
Lot
0.1 ac (4,399 SF)
Zoning code
C2
APN
396-072-19
UPID
US09-2533618
Jurisdiction
FRESNO
Zoning & alternative use
C2 · Kingsburg, CA
Zoning C2 · permitted uses
C2 · 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
OFFICE BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Paige Lamborn
Individual
Mailing address
13538 S MENDOCINO AVE, KINGSBURG, CA 93631-9701
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
$1,700,000
Paige Lamborn
Thomas K Woods
Grant Deed
$1,445,000 · Celtic Bank Corporation
Dec 6, 2023
—
Thomas K Woods
—
Deed
related
$320,000 · Citizens Business Bank
Aug 9, 2018
$650,000
Woods,thomas & Judy Family Trust
Wigh-gustafson Properties INC
Grant Deed
—
Oct 2, 1978
$61,000
Wigh-gustafson Propertiesco INC
—
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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