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Property profile & analytics
OFF-MARKET
Estimated value
$3,495,000
Manufacturing properties
1800 Lexington St Delano, CA 93215-9202
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-2695618
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2008
Construction
STEEL FRAME
Total area
18,778 SF
Lot
5 ac (217,800 SF)
Zoning code
M1
APN
521-040-28-00-2
UPID
US09-2695618
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
-
The Learning Center for Wonderful Citrus Warehouse & Storage
-
CVOS USA (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.56M
Comparable Approach
Comparable
$4.03M
Blend (final)
Blend
$3.50M
Owner & transaction history
Paramount Citrus Packing Co · 12 yrs held
Paramount Citrus Packing Co
since 2014
7 recorded transactions
Zoning & alternative use
M1 · Delano, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+144.2%
Medical building
$4.0M
+66.0%
Office building
$3.6M
+52.6%
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 Delano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delano 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,855,000
6.5%
$3,560,000
7%
$3,305,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,385,000
Current use
RESTAURANT
$5,820,000
Change: +144% · Conversion: Difficult
MEDICAL BUILDING
$3,960,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$3,635,000
Change: +53% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,800,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,605,000
Change: +9% · Conversion: Easy
RETAIL STORES
$2,375,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$3.50M
Range $3.15M – $3.84M · ±10%
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
$186 / 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
$31,184
Tax year 2023
Assessed value
$2,814,300
Assessed 2023
Previous assessed
$2,814,300
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$824,780
Assessed improvement
$1,989,520
Applied tax rate
2.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
2
Total area
18,778 SF
Lot
5 ac (217,800 SF)
Zoning code
M1
APN
521-040-28-00-2
UPID
US09-2695618
Jurisdiction
KERN
Zoning & alternative use
M1 · Delano, CA
Zoning M1 · permitted uses
M1 · Delano, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delano. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
RESTAURANT
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2008
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
2
Lot
5 ac
Current owner
From public records · entity-resolved
Paramount Citrus Packing Co
Entity
Mailing address
5001 CALIFORNIA AVE STE #230, BAKERSFIELD, CA 93309-0734
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2014
$2,500,000
Paramount Citrus Packing Co
Apple Annies Avalanche Club
Grant Deed
—
Feb 1, 2008
—
Community Redevelopment Agency
City Of Delano
Grant Deed
—
Feb 1, 2008
$250,000
Apple Annies Avalanche Club
Community Redevelopment Agency
Grant Deed
$2,237,729 · Bank Of The Sierra
Mar 31, 1980
—
—
—
Grant Deed
related
—
—
—
Apple Annies Avalanche Club
—
Deed Of Trust
related
$250,000 · Bank Of The Sierra
—
—
Apple Annies Avalanche Club
—
Deed Of Trust
related
$965,000 · Mid State Development
—
—
Apple Annies Avalanche Club
—
Deed Of Trust
related
$1,300,000 · Bank Of The Sierra
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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