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Property profile & analytics
OFF-MARKET
Estimated value
$6,635,000
Industrial properties
19875 Meredith Dr Strathmore, CA 93267-9691
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-5919914
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1987
Total area
69,848 SF
Lot
4.59 ac (199,940 SF)
Zoning code
M1
APN
215-392-004-000
UPID
US09-5919914
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
-
Porterville Citrus Strathmore Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.26M
Comparable Approach
Comparable
$5.24M
Blend (final)
Blend
$6.64M
Owner & transaction history
Porterville Citrus INC · 9 yrs held
Porterville Citrus INC
since 2016
3 recorded transactions
Zoning & alternative use
M1 · Strathmore, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.8M
+30.9%
Apartment house (5+ units)
$9.5M
+27.1%
Retail stores
$8.9M
+18.7%
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 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%
$6,775,000
6.5%
$6,255,000
7%
$5,810,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,470,000
Current use
OFFICE BUILDING
$9,780,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,495,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$8,870,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$6.64M
Range $5.97M – $7.30M · ±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
$95 / 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
$99,488
Tax year 2024
Assessed value
$9,692,541
Assessed 2024
Previous assessed
$9,692,541
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$455,132
Assessed improvement
$9,237,409
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
1987
Heating
CENTRAL
Cooling
CENTRAL
Buildings
8
Stories
1
Total area
69,848 SF
Lot
4.59 ac (199,940 SF)
Zoning code
M1
APN
215-392-004-000
UPID
US09-5919914
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
$7.5M
OFFICE BUILDING
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.5M
RETAIL STORES
Est. value
$8.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1987
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
8
Lot
4.59 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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2016
$4,536,500
Porterville Citrus INC
Golden Valley Citrus INC
Grant Deed
—
Oct 30, 2012
—
Golden Valley Citrus INC
—
Deed Of Trust
related
$1,500,000 · Rabobank
—
—
Golden Valley Citrus INC
—
Deed Of Trust
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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