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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Warehouses
18661 Beech Ave Shafter, CA 93263-2807
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3133200
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1982
Construction
WOOD
Total area
11,766 SF
Lot
2.83 ac (123,274 SF)
Zoning code
M2/PD
APN
090-070-01-00-1
UPID
US10-3133200
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
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$1.10M
Owner & transaction history
Bee Properties LLC · 1 yrs held
Bee Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
M2/PD · Shafter, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Ordinance
Top alternative use upside
Apartment house (5+ units)
$1.8M
+17.8%
Retail stores
$1.7M
+9.7%
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 Shafter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shafter 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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,525,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,795,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,675,000
Change: +10% · Conversion: Moderate
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$93 / 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
$6,107
Tax year 2024
Assessed value
$461,040
Assessed 2024
Previous assessed
$461,040
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$244,800
Assessed improvement
$216,240
Applied tax rate
85.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
YES
Cooling
YES
Total area
11,766 SF
Lot
2.83 ac (123,274 SF)
Zoning code
M2/PD
APN
090-070-01-00-1
UPID
US10-3133200
Jurisdiction
KERN
Zoning & alternative use
M2/PD · Shafter, CAZoning M2/PD · permitted uses
M2/PD · Shafter, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1982
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
2.83 ac
Current owner
From public records · entity-resolved
Bee Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
24836 SIDDING RD, BAKERSFIELD, CA 93314-9259
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2025
—
Bee Properties LLC
Jerret Mccaslin
Grant Deed
—
Oct 8, 2024
—
Jerret Mccaslin
Jerret Mccaslin
Intrafamily Transfer
related
—
Jan 25, 2023
—
Jerry L Mccaslin
Jerry Leon Mccaslin
Intrafamily Transfer
related
—
Jun 28, 2021
—
Jerry Leon Mccaslin
—
Deed
related
$300,000 · Valley Republic Bank
Aug 10, 2006
$1,200,000
Jerry L Mccaslin
Ford,clinton & Virginia
Grant Deed
$900,000 · Clinton E & Virginia A Ford
Nov 30, 1973
—
Clinton Ford
—
Grant Deed
related
—
—
—
Jerry L Mccaslin
—
Deed Of Trust
related
$570,000 · Valley Republic Bank
—
—
Jerry L Mccaslin
—
Deed Of Trust
related
$250,000 · Valley Republic 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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