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Property profile & analytics
FOR SALE
Retail space
2309 E Tulare Ave Tulare, CA 93274
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-5737575
For Sale
1 / 2
$220,000
2309 E Tulare Ave, Tulare, CA 93274
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
STEEL FRAME
Total area
16,168 SF
Lot
1.22 ac (53,143 SF)
Zoning code
C-4
APN
172-060-016-000
UPID
US09-5737575
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
-
Flooring Liquidators Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.55M
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.55M
Owner & transaction history
K2l Property Management LLC · 6 yrs held
K2l Property Management LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-4 · Tulare, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+71.0%
Medical building
$3.3M
+41.6%
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 Tulare submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulare 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%
$3,845,000
6.5%
$3,550,000
7%
$3,295,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,305,000
Current use
COMMERCIAL (GENERAL)
$3,940,000
Change: +71% · Conversion: Easy
MEDICAL BUILDING
$3,260,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,200,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$2,085,000
Change: -10% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,885,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±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
$158 / 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
$19,062
Tax year 2024
Assessed value
$1,716,971
Assessed 2024
Previous assessed
$1,716,971
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$536,100
Assessed improvement
$1,180,871
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2006
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
16,168 SF
Lot
1.22 ac (53,143 SF)
Zoning code
C-4
APN
172-060-016-000
UPID
US09-5737575
Jurisdiction
TULARE
Zoning & alternative use
C-4 · Tulare, CA
Zoning C-4 · permitted uses
C-4 · Tulare, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulare. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2006
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
K2l Property Management LLC
Entity
Mailing address
2309 E TULARE AVE, TULARE, CA 93274-3225
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Jan 29, 2020
—
K2l Property Management LLC
—
Deed
related
$800,000 · Farmers & Merchants Bk/ctrl Ca
Dec 18, 2019
$1,600,000
K2l Property Management LLC
Wallace Living Trust
Grant Deed
$800,000 · Farmers & Merchants Bk/ctrl Ca
Oct 22, 2008
—
Wallace Living Trust
Wallace,bryan S & Kathy L
Quit Claim Deed
related
—
Oct 7, 2005
—
Bryan S Wallace
—
Trustees Deed
related
$400,000 · Bank Of The Sierra
Oct 2, 2003
$250,000
Bryan S Wallace
Paul & Harriet Boghosian
Grant Deed
$219,000 · Paul & Harriet Boghosian
Dec 23, 1997
—
Boghosian Trust
Boghosian,paul B & Harriet
Quit Claim Deed
related
—
—
—
K2l Property Management LLC
—
Deed Of Trust
related
$660,000 · Private Individual
—
—
K2l Property Management LLC
—
Deed Of Trust
related
$800,000 · Farmers & Merchants Bk/ctrl Ca
—
—
Bryan S Wallace
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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