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Property profile & analytics
OFF-MARKET
Medical Office Space
1640 Ct St Visalia, CA 93277-4962
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-5999990
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Construction
WOOD
Total area
1,976 SF
Lot
0.05 ac (1,976 SF)
Zoning code
PA
APN
097-271-057-000
UPID
US09-5999990
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
-
Dr. Bedan Meimban Dental Office
-
Careville Dental Office of Dr. Meimban Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Erick Madrigal
Erick Madrigal
since 2025
Last sale
$225,000
7 recorded transactions
Zoning & alternative use
PA · Visalia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Visalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Visalia 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,549
Tax year 2024
Assessed value
$329,919
Assessed 2024
Previous assessed
$329,919
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$58,913
Assessed improvement
$271,006
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,976 SF
Lot
0.05 ac (1,976 SF)
Zoning code
PA
APN
097-271-057-000
UPID
US09-5999990
Jurisdiction
TULARE
Zoning & alternative use
PA · Visalia, CA
Zoning PA · permitted uses
PA · Visalia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Visalia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Erick Madrigal
Individual
Mailing address
397 E MARWOOD LN, FRESNO, CA 93720-0840
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$225,000
Erick Madrigal
Bedan O Meimban
Grant Deed
—
May 18, 2015
—
Bedan O Meimban
Meimban Bedan O
Quit Claim Deed
related
—
May 13, 2015
—
Bedan O Meimban
Meimban Allyson
Quit Claim Deed
related
—
May 13, 2015
$280,000
Bedan O Meimban
Mark F May
Grant Deed
$112,000 · Westamerica Bank
Feb 11, 2005
—
May Trust
May,mark F & Rory R
Quit Claim Deed
related
—
Jan 20, 2000
$195,000
Mark F May
Maas,charles W & Elissa K
Grant Deed
$344,400 · Money Store Investment Corp
—
—
Charles W Maas
—
Deed Of Trust
related
$100,000 · First Bank San Luis Obispo
—
—
Mark F May
—
Deed Of Trust
related
$124,000 · Money Store Investment Corp
—
—
Maas Charles W
—
Deed Of Trust
related
$30,000 · Wells Fargo Bank
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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