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Property profile & analytics
OFF-MARKET
Estimated value
$3,170,000
Apartment buildings
301 Jacob Pl Exeter, CA 93221-2331
Individually Owned
33-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5998187
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1993
Construction
WOOD
Total area
44,449 SF
Lot
3.19 ac (138,896 SF)
Zoning code
RM-3
APN
133-153-001-000
UPID
US09-5998187
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
-
Jacobs Square Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$3.17M
Owner & transaction history
Square Jacobs · 33 yrs held
Square Jacobs
since 1992
4 recorded transactions
Zoning & alternative use
RM-3 · Exeter, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(e.g. H-R-1-6 or H-RM-3). The application for a historic overlay zone for property or properties designated as an area of historic interest or as a cultural resource historic district shall be processed consistent with Chapter 17.48 Zoning Ordinance Amendments. 17.44.03 Permitted Uses Uses listed on the permitted use list of the district to which the histori…
Zone name
Multi Family Residential 3000 Square Feet
General category
RESIDENTIAL
Zone area
134.03 ac
Source
Exeter Zoning Ordinance all
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 Exeter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Exeter 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
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,185,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.17M
Range $2.85M – $3.49M · ±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
$71 / 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
$26,976
Tax year 2024
Assessed value
$2,417,390
Assessed 2024
Previous assessed
$2,417,390
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$300,000
Assessed improvement
$2,117,390
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
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
7
Stories
2
Units
45
Total area
44,449 SF
Lot
3.19 ac (138,896 SF)
Zoning code
RM-3
APN
133-153-001-000
UPID
US09-5998187
Jurisdiction
TULARE
Zoning & alternative use
RM-3 · Exeter, CAZoning RM-3 · permitted uses
RM-3 · Exeter, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(e.g. H-R-1-6 or H-RM-3). The application for a historic overlay zone for property or properties designated as an area of historic interest or as a cultural resource historic district shall be processed consistent with Chapter 17.48 Zoning Ordinance Amendments. 17.44.03 Permitted Uses Uses listed on the permitted use list of the district to which the historic overlay district is being combined.
Zone name
Multi Family Residential 3000 Square Feet
General category
RESIDENTIAL
Zone area
134.03 ac
Source
Exeter Zoning Ordinance all
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$5.2M
AUTO REPAIR, GARAGE
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
1993
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
7
Units
45
Lot
3.19 ac
Current owner
From public records · entity-resolved
Square Jacobs
Individual
Mailing address
1219 N PLZ DR, VISALIA, CA 93291-8837
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 1992
$300,000
Square Jacobs
Better,built Hom
Grant Deed
$100,000 · Seller
—
—
Better Built Homes INC
—
Deed Of Trust
related
$135,000 · Mineral King National Bank
—
—
Better Built Homes INC
—
Deed Of Trust
related
$100,000 · Mineral King National Bank
—
—
Everill L Heaton
—
Deed Of Trust
related
$135,000 · Mineral Natl Ban
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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