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Property profile & analytics
OFF-MARKET
Estimated value
$3,090,000
Industrial properties
19812 Rd 232 Strathmore, CA 93267
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-6021492
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1901
Construction
STEEL FRAME
Total area
46,566 SF
Lot
3.28 ac (142,876 SF)
Zoning code
M1
APN
215-050-029-000
UPID
US09-6021492
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
-
Golden Maid Packers Hardware & Home Improvement
-
Sunkist Growers Inc Big Box & Wholesale Store
-
Porterville Citrus Organic Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.17M
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$3.09M
Owner & transaction history
Porterville Citrus INC · 9 yrs held
Porterville Citrus INC
since 2016
5 recorded transactions
Zoning & alternative use
M1 · Strathmore, CA
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 Strathmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strathmore 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%
$4,520,000
6.5%
$4,170,000
7%
$3,875,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,980,000
Current use
Blend value · Realmo final
$3.09M
Range $2.78M – $3.40M · ±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
$66 / 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
$34,076
Tax year 2024
Assessed value
$3,318,222
Assessed 2024
Previous assessed
$3,318,222
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$136,538
Assessed improvement
$3,181,684
Applied tax rate
139.0000
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1901
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
46,566 SF
Lot
3.28 ac (142,876 SF)
Zoning code
M1
APN
215-050-029-000
UPID
US09-6021492
Jurisdiction
TULARE
Zoning & alternative use
M1 · Strathmore, CA
Zoning M1 · permitted uses
M1 · Strathmore, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Strathmore. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.0M
INDUSTRIAL (GENERAL) Current
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
1901
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
3.28 ac
Current owner
From public records · entity-resolved
Porterville Citrus INC
Entity
Mailing address
PO BOX 10180, TERRA BELLA, CA 93270-0180
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2016
$700,000
Porterville Citrus INC
Golden Valley Citrus INC
Grant Deed
—
Sep 14, 2012
$670,500
Golden Valley Citrus INC
Bruce A Myers INC
Grant Deed
$650,000 · Bruce A Meyers INC
Dec 31, 1986
$450,000
A Myers INC|golden Maid Pack Bruce
—
Grant Deed
related
—
—
—
Golden Maid Packers
—
Deed Of Trust
related
$600,000 · General Electric Capital Busin
—
—
Golden Maid Packers
—
Deed Of Trust
related
$400,000 · United Security 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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