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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Industrial properties
23104 Ave 198 Strathmore, CA 93267
Individually Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5945702
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1901
Total area
36,548 SF
Lot
4.73 ac (206,038 SF)
Zoning code
ML
APN
215-310-021-000
UPID
US09-5945702
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
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$900k
Owner & transaction history
Bassett Ranches · 14 yrs held
Bassett Ranches
since 2011
7 recorded transactions
Zoning & alternative use
ML · 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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$25 / 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
$8,952
Tax year 2024
Assessed value
$868,155
Assessed 2024
Previous assessed
$868,155
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$141,613
Assessed improvement
$726,542
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
Heating
NONE
Buildings
11
Stories
1
Total area
36,548 SF
Lot
4.73 ac (206,038 SF)
Zoning code
ML
APN
215-310-021-000
UPID
US09-5945702
Jurisdiction
TULARE
Zoning & alternative use
ML · Strathmore, CA
Zoning ML · permitted uses
ML · 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.
Building & site characteristics
From public records
Year built
1901
Heating
NONE
Stories
1
Buildings
11
Lot
4.73 ac
Current owner
From public records · entity-resolved
Bassett Ranches
Individual
Mailing address
365 S MARIPOSA AVE, VISALIA, CA 93292-9242
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
—
Bassett Ranches
—
Deed
related
$350,000 · Newtek Bank NA
Nov 30, 2022
—
Bassett Ranches
—
Deed
related
$1,425,000 · Newtek Small Business Finance LLC
Jul 27, 2022
—
Bassett Ranches
—
Deed
related
$350,000 · Newtek Small Business Finance LLC
Oct 30, 2019
—
Bassett Ranches
—
Deed
related
$1,130,000 · Farm Credit Svcs
Aug 11, 2011
$725,000
Bassett Ranches
Robert William Company LLC
Grant Deed
$500,000 · Farm Credit West Flca
Apr 9, 2010
—
Robert William Co LLC
Brucker,james F
Grant Deed
$600,000 · William Shiells
Sep 10, 2004
$650,000
James F Brucker
Strathmore Packing House
Grant Deed
$150,000 · Strathmore Packing House Co
Sep 10, 2004
—
James F Brucker
Brucker,cathy L
Quit Claim Deed
related
—
Apr 30, 1996
$1,600,500
Strathmore Packing House Co
Bank Of The Sierra
Grant Deed
$2,500,000 · Cobank Acb
Oct 9, 1995
$1,136,064
Bank Of The Sierra
Strathmore Cooperative Assn
Trustees Deed
related
—
—
—
Bassett Ranches
—
Deed Of Trust
related
$1,130,000 · Farm Credit Svcs
—
—
James F Brucker
—
Deed Of Trust
related
$600,000 · William Shiells
—
—
Strathmore Cooperative Assn
—
Deed Of Trust
related
$500,000 · Us Small Business Admn
—
—
Strathmore Packing House Co
—
Deed Of Trust
related
$207,600 · Us Small Business Admn
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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