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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Industrial properties
17861 Rd 24, Madera, CA 93638-9645
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2982629
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1997
Construction
STEEL FRAME
Total area
5,000 SF
Lot
1.03 ac (44,866 SF)
Zoning code
MHA
APN
032-681-012-000
UPID
US10-2982629
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
-
Madera Custom Tile General Contractor Renovation Specialist
-
Erwin & Associates Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$890k
Owner & transaction history
Gwb Properties LLC · 3 yrs held
Gwb Properties LLC
since 2023
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
MHA · Madera, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+99.8%
Restaurant
$845,000
+16.3%
Office building
$750,000
+3.6%
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 Madera submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madera 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
$775,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$725,000
Current use
COMMERCIAL (GENERAL)
$1,450,000
Change: +100% · Conversion: Difficult
RESTAURANT
$845,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: +4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$715,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $950k (Jan 25 2023)
Last sale anchor
$950k
Jan 25 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
$178 / 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
$11,434
Tax year 2024
Assessed value
$969,002
Assessed 2024
Previous assessed
$969,002
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$71,400
Assessed improvement
$897,602
Applied tax rate
61.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Units
1
Rooms
1
Bathrooms
1
Total area
5,000 SF
Lot
1.03 ac (44,866 SF)
Zoning code
MHA
APN
032-681-012-000
UPID
US10-2982629
Jurisdiction
MADERA
Zoning & alternative use
MHA · Madera, CA
Zoning MHA · permitted uses
MHA · Madera, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madera. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
Est. value
$845,000
OFFICE BUILDING
Est. value
$750,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$710,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1997
Construction
STEEL FRAME
Heating
NONE
Units
1
Rooms
1
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Gwb Properties LLC
Entity
Mailing address
10632 PAINTER AVE, SANTA FE SPRINGS, CA 90670-4030
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
$950,000
Gwb Properties LLC
Mark J Mccann
Grant Deed
$760,000 · Bank Of America NA
Jan 25, 2023
—
Mark J Mccann
Madera Custom Tile Incorporated
Correction Deed
related
—
Dec 13, 2005
$475,000
Mark J Mccann
Gin Pro LLC
Grant Deed
$250,000 · Central Valley Community Bank
Oct 15, 2001
—
Gin-pro LLC
Bruno,george & Phyllis
Grant Deed
related
—
Apr 10, 1998
$126,000
George Bruno
Casanova,alfred & Bertha A
Grant Deed
$101,304 · Union Bank Of California
Feb 7, 1997
—
Alfred Casanova
—
Grant Deed
related
$106,000 · Regency Bank
Aug 31, 1994
$16,000
Alfred Cassanova
Barnes,rita C &
Grant Deed
$16,000 · Individual
—
—
Gin-oro LLC
—
Deed Of Trust
related
$140,000 · Wells Fargo Bank
—
—
George Bruno
—
Deed Of Trust
related
$650,000 · Steven A Geringer
—
—
Gin-pro LLC
—
Deed Of Trust
related
$650,000 · Steven A Geringer
—
—
Mark J Mccann
—
Deed Of Trust
related
$186,000 · Cen Cal Business Finance Group
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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