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Property profile & analytics
OFF-MARKET
Estimated value
$3,035,000
Warehouses
2842 Golden State Blvd, Madera, CA 93637-9794
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3363546
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1982
Total area
23,880 SF
Lot
3.77 ac (164,221 SF)
Zoning code
CRG
APN
013-250-001-000
UPID
US09-3363546
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
-
Madera Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.20M
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$3.04M
Owner & transaction history
The Towers LLC · 1 yrs held
The Towers LLC
since 2025
7 recorded transactions
Zoning & alternative use
CRG · Madera, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+25.5%
Office building
$3.2M
+13.1%
Neighborhood: shopping center
$3.1M
+10.6%
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 Madera submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madera 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%
$3,470,000
6.5%
$3,200,000
7%
$2,970,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,835,000
Current use
RESTAURANT
$3,560,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$3,205,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,135,000
Change: +11% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,085,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$2,635,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,500,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,490,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.04M
Range $2.73M – $3.34M · ±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
$127 / 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
$19,187
Tax year 2024
Assessed value
$1,619,258
Assessed 2024
Previous assessed
$1,619,258
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$553,383
Assessed improvement
$1,065,875
Applied tax rate
2.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1982
Heating
NONE
Total area
23,880 SF
Lot
3.77 ac (164,221 SF)
Zoning code
CRG
APN
013-250-001-000
UPID
US09-3363546
Jurisdiction
MADERA
Zoning & alternative use
CRG · Madera, CA
Zoning CRG · permitted uses
CRG · Madera, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madera. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.8M
RESTAURANT
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (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
1982
Heating
NONE
Lot
3.77 ac
Current owner
From public records · entity-resolved
The Towers LLC
Entity
Mailing address
1871 CAROB CT, GILROY, CA 95020-7796
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
The Towers LLC
Pappas Storage LLC
Deed
—
May 15, 2019
$1,476,000
Pappas Storage LLC
Vaxholm Storage LLC
Grant Deed
$1,000,000 · Kinecta FCU
Jan 11, 2017
—
Vaxholm Storage LLC
—
Deed
related
$733,000 · Valley Business Bank
May 13, 2011
$950,000
Vaxholm Storage LLC
Gizzley Creek Land & Cattle Ll
Grant Deed
$750,000 · Grizzly Creek Land & Cattle Ll
Apr 11, 2003
—
Creek Land Grizzly
Mueller,david C
Grant Deed
$780,000 · David C Mueller
—
—
Vaxholm Storage LLC
—
Deed Of Trust
related
$775,525 · Touhey Family Trust 1997 (pt)
—
—
Roger E Graham
—
Deed Of Trust
related
$305,980 · Bank Of America
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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