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Property profile & analytics
OFF-MARKET
Estimated value
$8,235,000
Apartment buildings
187 Westwood Ave Lindsay, CA 93247-9505
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US09-5907571
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2011
Construction
WOOD
Total area
77,111 SF
Lot
3.27 ac (142,441 SF)
Zoning code
R-M-3
APN
199-210-075-000
UPID
US09-5907571
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
by Request
CAP Approach
CAP
$9.85M
Comparable Approach
Comparable
$6.24M
Blend (final)
Blend
$8.24M
Owner & transaction history
Lindsay Pacific Associates · 17 yrs held
Lindsay Pacific Associates
since 2008
7 recorded transactions
Zoning & alternative use
R-M-3 · Lindsay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.8M
+3.0%
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 Lindsay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lindsay 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%
$10,670,000
6.5%
$9,850,000
7%
$9,150,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,485,000
Current use
OFFICE BUILDING
$10,795,000
Change: +3% · Conversion: Moderate
RETAIL STORES
$9,790,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,995,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$8.24M
Range $7.41M – $9.06M · ±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
$107 / 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
Assessed value
$10,608,951
Assessed 2024
Previous assessed
$10,400,933
+2.0% YoY
Assessed land
$757,518
Assessed improvement
$9,851,433
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2011
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
2
Units
74
Total area
77,111 SF
Lot
3.27 ac (142,441 SF)
Zoning code
R-M-3
APN
199-210-075-000
UPID
US09-5907571
Jurisdiction
TULARE
Zoning & alternative use
R-M-3 · Lindsay, CAZoning R-M-3 · permitted uses
R-M-3 · Lindsay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.5M
OFFICE BUILDING
Est. value
$10.8M
RETAIL STORES
Est. value
$9.8M
AUTO REPAIR, GARAGE
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
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
2011
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
5
Units
74
Lot
3.27 ac
Current owner
From public records · entity-resolved
Lindsay Pacific Associates
Entity
Mailing address
430 E STATE ST STE #100, EAGLE, ID 83616-5901
Ownership since
2008
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
Oct 19, 2010
—
Lindsay Pacific Associates
—
Deed Of Trust
related
$6,983,119 · California Tax Credit Allocati
Nov 14, 2008
—
Lindsay Pacific Associates
Pacific West Communities INC
Grant Deed
$8,841,180 · Wells Fargo Bank NA
Nov 21, 2007
—
Pacific West Communities INC
Tk Land Consultants LLC
Grant Deed
—
—
—
Lindsay Pacific Associates
—
Deed Of Trust
related
$1,000,000 · USA
—
—
Lindsay Pacific Associates
—
Deed Of Trust
related
$4,426,096 · Wells Fargo Bank
—
—
Lindsay Pacific Associates
—
Deed Of Trust
related
$1,000,000 · Bonneville Mortgage Co
—
—
Lindsay Pacific Associates
—
Deed Of Trust
related
$184,345 · Lindsay City (ca)
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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