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    Property profile & analytics

    1549 K St Tulare, CA 93274-6430

    • Retail properties
    • 4,800 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Feb 05, 2024
    $315,000
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-5772873
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sid's Upholstery / Upholstery Shop

    Property Details for 1549 K St

    Year built
    1947
    Lot size
    0.21 lot acres
    Property size
    4,800 SF
    Property type
    Retail properties
    APN
    181-050-040-000
    APU
    181050040000

    Description

    This exceptional industrial distribution property, located at 1549 S K St, Tulare, CA 93274, presents a remarkable investment opportunity. Priced at $425,000, the property boasts a substantial 5600+ square foot building, ideal for a variety of distribution-related businesses. The building includes a usable upper loft area, adding to its versatility and potential. Ample parking is available directly behind the building, providing convenient access for employees and clients. A significant advantage is the inclusion of a vacant lot directly behind the main building, measuring approximately 101 x 127 feet (13,483 square feet). This expansive lot offers additional space for expansion, storage, or other business-related uses. The property benefits from excellent street and alley access, ensuring ease of transportation and logistics. Situated in a high-traffic area of Tulare, this location provides unparalleled exposure for any business. The property's strategic location and substantial size make it an exceptional opportunity for entrepreneurs seeking to establish a new business or for existing businesses looking to relocate to a prime location within Tulare. This property offers unlimited possibilities and is ready for your vision. Schedule a viewing today to explore the potential of this exceptional investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $315,000
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $415,000
      Market price range: $273k - $704k
      AI Estimate
      $268,000
      Market price range: $142k - $495k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tulare
    County
    Tulare
    State
    California
    Longitude
    -119.343
    Latitude
    36.1918
    CBSA code
    47300
    CBSA name
    VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,292
    $31,212
    $265,302
    $296,514
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      18,284 SF

      736 Inyo Ave

      Neighborhood centers • 18,284 SF
      736 Inyo Ave, Tulare, CA 93274
      View Details
    • Value Estimation
      $570,000
      8,950 SF

      105 Cross Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,950 SF
      105 Cross Ave, Tulare, CA 93274-2711
      View Details
    • Value Estimation
      $70,000
      0.19 Acres

      627 Inyo Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 0.19 Acres
      627 Inyo Ave, Tulare, CA 93274-3727
      View Details
    • Value Estimation
      $645,000
      1,800 SF

      3865 K St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,800 SF
      3865 K St, Tulare, CA 93274-7103
      View Details
    • Value Estimation
      $285,000
      0.20 Acres

      Tulare, CA 93274

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 0.20 Acres
      Tulare, CA 93274
      View Details
    • Value Estimation
      $900,000
      1.48 Acres

      Tulare, CA 93274

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1.48 Acres
      Tulare, CA 93274
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $16 SF/Yr
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      Tulare Retail Space: Prime Location

      18,284 SF Retail/Office, 2,000 SF Available
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    • $1.40 SF/Yr
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    • $3 SF/Yr
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      Restaurant space with drive-thru available for lease.
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      Auto Shop with RV Site

      Used car lot with bays and RV site for lease.
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    • $1.65 SF/Yr
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      Retail Space in Tulare Pavilion

      Retail space available within the Tulare Pavilion Shopping Center.
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    1549 K St
    Tulare, CA 93274-6430
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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