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Property profile & analytics
FOR SALE
Retail properties & Spaces
190 S Elmwood Ave 17 Lindsay, CA 93247
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-5907320
For Sale
1 / 10
$199,000
190 S Elmwood Ave,Unit 17, Lindsay, CA 93247
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1929
Construction
TILT-UP CONCRETE
Total area
22,500 SF
Lot
0.52 ac (22,500 SF)
APN
205-236-020-000
UPID
US09-5907320
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ernie Madrigal · 1 yrs held
Ernie Madrigal
since 2025
Last sale
$165,000
7 recorded transactions
Zoning & alternative use
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 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
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 2023Property tax & assessments
Tax year 2023
Assessed value
$71,550
Assessed 2024
Previous assessed
$71,550
+0.0% YoY
Assessed land
$71,550
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
For Sale
Year built
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Bathrooms
2
Total area
22,500 SF
Lot
0.52 ac (22,500 SF)
APN
205-236-020-000
UPID
US09-5907320
Jurisdiction
TULARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1929
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Bathrooms
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Ernie Madrigal
Individual
Mailing address
251 E PO BOX 369TH ST, LINDSAY, CA 93247-0369
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
Jul 23, 2025
$400,000
Ernie Madrigal
City Of Lindsay
Grant Deed
—
May 27, 2022
—
City Of Lindsay
Mabarak Geham
Intrafamily Transfer
related
—
Jun 11, 2010
—
Italo Stanziale
Stanziale,maria S
Quit Claim Deed
related
—
Jun 11, 2010
$165,000
Mubarak Geham
Stanziale,italo
Grant Deed
$116,000 · Italo Stanziale
Dec 1, 2009
$137,322
Italo Stanziale
Chicago Title Co
Trustees Deed
related
—
Nov 30, 2006
—
Kent Barton
Barton,patricia J
Quit Claim Deed
related
$59,000 · Italo Stanziale
Sep 18, 2006
$60,000
Kent Barton
—
Trustees Deed
related
—
Feb 3, 2003
—
Spencer Barton
Barton,christopher S & Sandra E
Quit Claim Deed
related
$50,000 · Bill B & Rhonda J Long
Dec 17, 2002
—
Christopher S Barton
Barton,spencer & Lisa K
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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