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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Retail space
2649 Hwy 46 Wasco, CA 93280-2937
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-1117033
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
WOOD
Total area
4,500 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C-R
APN
488-010-20-00-7
UPID
US09-1117033
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
$685k
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$670k
Owner & transaction history
Feghali Four LLC · 5 yrs held
Feghali Four LLC
since 2020
7 recorded transactions
Zoning & alternative use
C-R · Wasco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-R zone provides for larger clusters of commercial establishments serving community center retail including general merchandise, variety, specialty stores, larger scale retailers and uses oriented to highways in the community
Zone name
Community Retail Commercial
General category
COMMERCIAL
Zone area
294.95 ac
Source
Realmo
Top alternative use upside
Medical building
$950,000
+117.5%
Office building
$870,000
+99.9%
Auto repair, garage
$625,000
+43.2%
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%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
RETAIL STORES
$435,000
Current use
MEDICAL BUILDING
$950,000
Change: +118% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +100% · Conversion: Easy
AUTO REPAIR, GARAGE
$625,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$535,000
Change: +22% · Conversion: Easy
WAREHOUSE, STORAGE
$515,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$149 / 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
$11,108
Tax year 2023
Assessed value
$972,059
Assessed 2023
Previous assessed
$972,059
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$353,475
Assessed improvement
$618,584
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
4
Total area
4,500 SF
Lot
0.59 ac (25,700 SF)
Zoning code
C-R
APN
488-010-20-00-7
UPID
US09-1117033
Jurisdiction
KERN
Zoning & alternative use
C-R · Wasco, CAZoning C-R · permitted uses
C-R · Wasco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-R zone provides for larger clusters of commercial establishments serving community center retail including general merchandise, variety, specialty stores, larger scale retailers and uses oriented to highways in the community
Zone name
Community Retail Commercial
General category
COMMERCIAL
Zone area
294.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$435,000
MEDICAL BUILDING
Est. value
$950,000
OFFICE BUILDING
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$535,000
WAREHOUSE, STORAGE
Est. value
$515,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
4
Lot
0.59 ac
Current owner
From public records · entity-resolved
Feghali Four LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 10692, BAKERSFIELD, CA 93389-0692
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2020
—
Feghali Four LLC
Joseph Feghali
Quit Claim Deed
related
—
May 2, 2014
—
Elie Feghali
Feghali,lori
Quit Claim Deed
related
—
May 2, 2014
$825,000
Joseph Feghali
Namaki Living Trust
Grant Deed
$474,000 · Rabobank
Sep 19, 2002
—
Mahmood Modirazeh
Modirazeh,mahmood
Quit Claim Deed
related
—
Aug 19, 2002
—
Mahmood Modirzadeh
Modirzadeh,mahmood
Quit Claim Deed
related
—
Feb 14, 2002
$740,000
Mahmood Modirazeh
Keh Development Co LLC
Grant Deed
$555,000 · Valley Independent Bank
—
—
Namaki Living Trust
—
Deed Of Trust
related
$975,000 · Rabobank
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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