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Property profile & analytics
OFF-MARKET
Estimated value
$6,025,000
Strip malls
2425 Hwy 46 Wasco, CA 93280-1168
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2908032
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
WOOD
Total area
76,691 SF
Lot
6.33 ac (275,734 SF)
Zoning code
C2
APN
488-040-04-00-0
UPID
US09-2908032
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
$7.94M
Blend (final)
Blend
$6.03M
Owner & transaction history
Robert Preston Palmer · 1 yrs held
Robert Preston Palmer
since 2025
5 recorded transactions
Zoning & alternative use
C2 · Wasco, 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 Wasco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wasco 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
$6.03M
Range $5.42M – $6.63M · ±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
$79 / 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
$35,233
Tax year 2023
Assessed value
$2,981,109
Assessed 2023
Previous assessed
$2,981,109
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,564,514
Assessed improvement
$1,416,595
Applied tax rate
7.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
5
Total area
76,691 SF
Lot
6.33 ac (275,734 SF)
Zoning code
C2
APN
488-040-04-00-0
UPID
US09-2908032
Jurisdiction
KERN
Zoning & alternative use
C2 · Wasco, CA
Zoning C2 · permitted uses
C2 · Wasco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wasco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
5
Lot
6.33 ac
Current owner
From public records · entity-resolved
Robert Preston Palmer
Individual
Mailing address
PO BOX 30874, SANTA BARBARA, CA 93130-0874
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
Robert Preston Palmer
Robert Preston Palmer
Deed
related
—
Oct 11, 2022
—
Ross Dress For Less INC
Robert Preston Palmer
Lease
—
Mar 31, 2016
$3,200,000
Robert P Palmer
Sarno Umberto Trust
Trustees Deed
$2,240,000 · Rabobank
Oct 27, 2004
$3,603,500
Sarno Umberto Trust
Wasco Commercial Group
Grant Deed
related
—
—
—
Sarno Umberto Trust
—
Deed Of Trust
related
$3,000,000 · Affinity 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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