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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Warehouses
23500 Robertson Blvd, Chowchilla, CA 93610-9048
Trust Owned
7-yr Hold
Free & Clear
Property ID
US10-2302604
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1953
Total area
4,000 SF
Lot
2.42 ac (105,415 SF)
Zoning code
CRM
APN
026-310-015-000
UPID
US10-2302604
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
$355k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$481k
Blend (final)
Blend
$510k
Owner & transaction history
Capehart Family Trust · 7 yrs held
Capehart Family Trust
since 2019
5 recorded transactions
Zoning & alternative use
CRM · Chowchilla, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$595,000
+66.6%
Neighborhood: shopping center
$565,000
+58.4%
Commercial (general)
$560,000
+56.8%
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 Chowchilla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chowchilla 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
$355,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$500,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$355,000
Current use
AUTO REPAIR, GARAGE
$595,000
Change: +67% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Change: +58% · Conversion: Moderate
COMMERCIAL (GENERAL)
$560,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$485,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$445,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$400,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$128 / 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
$17,084
Tax year 2024
Assessed value
$1,566,696
Assessed 2024
Previous assessed
$1,566,696
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$216,323
Assessed improvement
$1,350,373
Applied tax rate
60.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1953
Heating
NONE
Units
1
Total area
4,000 SF
Lot
2.42 ac (105,415 SF)
Zoning code
CRM
APN
026-310-015-000
UPID
US10-2302604
Jurisdiction
MADERA
Zoning & alternative use
CRM · Chowchilla, CA
Zoning CRM · permitted uses
CRM · Chowchilla, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chowchilla. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$355,000
AUTO REPAIR, GARAGE
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$560,000
OFFICE BUILDING
Est. value
$485,000
MEDICAL BUILDING
Est. value
$445,000
RETAIL STORES
Est. value
$400,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
1953
Heating
NONE
Units
1
Lot
2.42 ac
Current owner
From public records · entity-resolved
Capehart Family Trust
Trust
Free & Clear · 7 yrs held
Mailing address
PO BOX 366, CHOWCHILLA, CA 93610-0366
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
—
James C Capehart
—
Deed
related
$1,300,000 · Citizens Business Bank
Feb 26, 2019
—
Capehart Family Trust
Capehart,james C & Kelly M
Quit Claim Deed
related
—
Nov 14, 2013
$300,000
James C Capehart
Hollister,keith & Doris M
Grant Deed
$270,000 · Keith & Doris M Hollister
Apr 24, 1997
$150,000
Keith Hollister
Tesei Petroleum INC
Grant Deed
—
Jul 1, 1991
$145,000
Proctor,trust
Tharp,norman D
Grant Deed
—
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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