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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Warehouses
24924 Morton Ave Tranquillity, CA 93668-9764
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-1668897
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
TILT-UP CONCRETE
Total area
39,514 SF
Lot
6.18 ac (269,200 SF)
Zoning code
M1
APN
030-160-51
UPID
US09-1668897
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
-
Riverbend West Agricultural Supply Food Market
-
Westside Packing Food Market Specialty Food Shop
-
Yribarren Family Farms Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.33M
Owner & transaction history
Riverbend West LLC · 10 yrs held
Riverbend West LLC
since 2015
7 recorded transactions
Zoning & alternative use
M1 · Tranquillity, 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 Tranquillity submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tranquillity 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
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±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
$34 / 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
$8,092
Tax year 2024
Assessed value
$741,361
Assessed 2024
Previous assessed
$741,361
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$406,201
Assessed improvement
$335,160
Applied tax rate
111.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
39,514 SF
Lot
6.18 ac (269,200 SF)
Zoning code
M1
APN
030-160-51
UPID
US09-1668897
Jurisdiction
FRESNO
Zoning & alternative use
M1 · Tranquillity, CA
Zoning M1 · permitted uses
M1 · Tranquillity, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tranquillity. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
6.18 ac
Current owner
From public records · entity-resolved
Riverbend West LLC
Entity
Mailing address
24924 W MORTON AVE, TRANQUILLITY, CA 93668-9764
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2020
—
Riverbend West LLC
—
Deed
related
$300,000 · Fresno-madera Production Credi
Jun 19, 2019
—
Riverbend West LLC
—
Deed
related
$300,000 · Fresno-madera Production Credi
Nov 2, 2015
$630,000
Riverbend West LLC
Tranquility Land & Dev LLC
Grant Deed
$337,500 · Bank Of The Sierra
Feb 28, 2006
$1,050,000
Tranquility Land & Dev LLC
Cal Of West Seeds
Grant Deed
related
$205,000 · Cal/west Seeds
Nov 20, 2000
—
Cal/west Seeds
—
Deed Of Trust
related
$35,400,000 · Cobank Acb
Dec 5, 1995
—
Cal/west Seeds
Fairless Trust
Quit Claim Deed
related
—
May 12, 1982
$59,500
Seeds Cal|west
—
Grant Deed
related
—
—
—
Riverbend West LLC
—
Deed Of Trust
related
$300,000 · Fresno-madera Production Credi
—
—
Riverbend West LLC
—
Deed Of Trust
related
$278,000 · Cen Cal Busn Fin
—
—
Tranquility Land & Dev LLC
—
Deed Of Trust
related
$165,000 · Bank Of Stockton
—
—
Riverbend West LLC
—
Deed Of Trust
related
$300,000 · Fresno-madera Production Credi
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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