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Property profile & analytics
OFF-MARKET
Estimated value
$3,735,000
Apartment buildings
235 Tulare Ave, Shafter, CA 93263-1757
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-3157475
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Construction
WOOD
Total area
43,308 SF
Lot
2.08 ac (90,604 SF)
Zoning code
R-3
APN
026-440-07-00-7
UPID
US09-3157475
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.69M
Blend (final)
Blend
$3.74M
Owner & transaction history
Geahi Tulare Arms LP · 11 yrs held
Geahi Tulare Arms LP
since 2015
5 recorded transactions
Zoning & alternative use
R-3 · Shafter, 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 Shafter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shafter 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
Alternative Use
Use
Estimation
RETAIL STORES
$6,160,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,840,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.74M
Range $3.36M – $4.11M · ±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
$86 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,087
Tax year 2023
Assessed value
$747,275
Assessed 2023
Previous assessed
$747,275
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$105,117
Assessed improvement
$642,158
Applied tax rate
6.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
GAS
Cooling
OTHER
Stories
2
Units
48
Total area
43,308 SF
Lot
2.08 ac (90,604 SF)
Zoning code
R-3
APN
026-440-07-00-7
UPID
US09-3157475
Jurisdiction
KERN
Zoning & alternative use
R-3 · Shafter, CA
Zoning R-3 · permitted uses
R-3 · Shafter, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shafter. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$6.2M
INDUSTRIAL (GENERAL)
Est. value
$5.8M
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1980
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
2
Units
48
Lot
2.08 ac
Current owner
From public records · entity-resolved
Geahi Tulare Arms LP
Entity
Mailing address
601 24TH ST STE B, BAKERSFIELD, CA 93301-4142
Ownership since
2015
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
Aug 12, 2016
—
Geahi Tulare Arms LP
—
Deed
related
$1,974,500 · Bonneville Mortgage Co
Aug 1, 2016
—
Geahi Tulare Arms LP
—
Deed
related
$798,807 · Miscellaneous Govt Agcy
Apr 1, 2015
$246,500
Geahi Tulare Arms LP
Tulare Arms
Grant Deed
$1,974,500 · Us Bank NA
Dec 31, 1977
—
Jack Colvard
—
Grant Deed
related
—
—
—
Geahi Tulare Arms LP
—
Loan Modification
related
$798,807 · Miscellaneous Govt Agcy
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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