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Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Warehouses
21850 Manning Ave, San Joaquin, CA 93660-9560
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2959628
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
TYPE NOT SPECIFIED
Total area
67,400 SF
Lot
3.66 ac (159,429 SF)
Zoning code
M1
APN
033-200-13S
UPID
US09-2959628
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
-
Sensient Technologies Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$2.12M
Owner & transaction history
Sorbon Properties LLC · 1 yrs held
Sorbon Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
M1 · San Joaquin, 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 San Joaquin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Joaquin 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±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
$31 / 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
$20,132
Tax year 2024
Assessed value
$1,851,689
Assessed 2024
Previous assessed
$1,851,689
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$214,439
Assessed improvement
$1,637,250
Applied tax rate
10.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
67,400 SF
Lot
3.66 ac (159,429 SF)
Zoning code
M1
APN
033-200-13S
UPID
US09-2959628
Jurisdiction
FRESNO
Zoning & alternative use
M1 · San Joaquin, CA
Zoning M1 · permitted uses
M1 · San Joaquin, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Joaquin. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
3.66 ac
Current owner
From public records · entity-resolved
Sorbon Properties LLC
Entity
Mailing address
1750 N SISKIYOU AVE, KERMAN, CA 93630-9707
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2025
—
Sorbon Properties LLC
Sorbon Sharifov
Grant Deed
—
Dec 2, 2024
$3,500,000
Navdep Singh Sran
S3 Group LLC
Grant Deed
—
Dec 2, 2024
—
Sorbon Sharifov
Mahnoza Turdieva
Deed
related
—
Nov 25, 2020
—
S3 Group LLC
—
Deed
related
$2,567,500 · Federal Agricultural Mtg
Jun 8, 2020
—
S3 Group LLC
—
Deed
related
$2,567,500 · Agamerica Lndg LLC
Feb 8, 2013
—
Lone Oak Land Co LLC
—
Deed Of Trust
related
$28,801,562 · Farm Credit West
Apr 10, 2012
—
Lone Oak Land Co LLC
—
Deed Of Trust
related
$8,436,200 · Farm Credit West
Jan 14, 2008
$3,000,000
Lone Oak Land Co LLC
Delta Packing Co Of San Joaquin LLC
Grant Deed
$4,607,200 · Farm Credit West Flca
Jan 1, 2008
$3,000,000
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
$4,607,200 · Farm Credit West
Aug 4, 2006
—
Wiley M Elick
St Jon Real Estate LLC
Grant Deed
—
Aug 4, 2006
$808,990
Delta Packing Co Of San Joaquin
Elick,wiley M & Sharon R
Grant Deed
—
Feb 24, 2006
$810,000
St Jon Real Estate LLC
Delta Packing Co Of San Joaquin
Grant Deed
$390,115 · Delta Packing Co/san Joaquin
Aug 16, 2004
$700,000
Delta Packing Co Of San Joaquin
City Of San Joaquin Redev Agcy
Grant Deed
—
—
—
S3 Group LLC
—
Deed Of Trust
related
$2,567,500 · Agamerica Lndg LLC
—
—
S3 Group LLC
—
Loan Modification
related
$2,567,500 · Federal Agricultural Mtg
—
—
Ernest B Costamagna
—
Deed Of Trust
related
$10,217,996 · Wells Fargo 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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