Back to Search
Property profile & analytics
FOR LEASE
Retail space
1623 11Th St Reedley, CA 93654
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-1383576
For Lease
1 / 2
Contact for pricing
1623 11Th St, Reedley, CA 93654
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1936
Construction
WOOD
Total area
5,188 SF
Lot
0.17 ac (7,500 SF)
Zoning code
CC
APN
368-171-11
UPID
US09-1383576
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
$735k
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Rajeev Sharma · 3 yrs held
Rajeev Sharma
since 2023
Last sale
$975,000
3 recorded transactions
Zoning & alternative use
CC · Reedley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Central and Community Commercial Zone District (CC Zone District) is intended to be applied both to the central commercial core of the City and to community commercial areas outside of the central core, as designated by the General Plan
Zone name
Central And Community Commercial
General category
COMMERCIAL
Zone area
225.15 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.1M
+181.3%
Medical building
$1.0M
+157.4%
Office building
$880,000
+123.6%
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 Reedley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reedley 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
$810,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,030,000
7%
$960,000
Alternative Use
Use
Estimation
RESTAURANT
$1,105,000
Change: +181% · Conversion: Easy
MEDICAL BUILDING
$1,010,000
Change: +157% · Conversion: Difficult
OFFICE BUILDING
$880,000
Change: +124% · Conversion: Easy
AUTO REPAIR, GARAGE
$760,000
Change: +94% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$660,000
Change: +68% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$555,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $975k (Jun 26 2023)
Last sale anchor
$975k
Jun 26 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
$174 / 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
$3,164
Tax year 2023
Assessed value
$267,541
Assessed 2023
Previous assessed
$267,541
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$75,306
Assessed improvement
$192,235
Applied tax rate
8.0000
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
For Lease
Year built
1936
Construction
WOOD
Heating
NONE
Stories
1
Total area
5,188 SF
Lot
0.17 ac (7,500 SF)
Zoning code
CC
APN
368-171-11
UPID
US09-1383576
Jurisdiction
FRESNO
Zoning & alternative use
CC · Reedley, CAZoning CC · permitted uses
CC · Reedley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Central and Community Commercial Zone District (CC Zone District) is intended to be applied both to the central commercial core of the City and to community commercial areas outside of the central core, as designated by the General Plan
Zone name
Central And Community Commercial
General category
COMMERCIAL
Zone area
225.15 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$760,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$660,000
INDUSTRIAL (GENERAL)
Est. value
$555,000
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1936
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Rajeev Sharma
Individual
Free & Clear · 3 yrs held
Mailing address
7060 N MAINE AVE, CLOVIS, CA 93619-9059
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2023
$975,000
Rajeev Sharma
Kliewer And Sons INC
Grant Deed
—
May 27, 2022
—
Kliewer & Sons INC
Kusch & Kusch INC
Intrafamily Transfer
related
—
Feb 23, 1978
$115,000
Kusch & Kusch INC|kliewer & Sons 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.
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?”
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.
