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Property profile & analytics
OFF-MARKET
Theaters & concert halls
301 Leonard Ave Wasco, CA 93280-9525
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5201610
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1991
Construction
STEEL FRAME
Total area
10,989 SF
Lot
9.27 ac (403,801 SF)
Zoning code
OS
APN
487-050-74-00-9
UPID
US09-5201610
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Morris,melvin Trust · 7 yrs held
Morris,melvin Trust
since 2018
6 recorded transactions
Zoning & alternative use
OS · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,461
Tax year 2023
Assessed value
$1,003,962
Assessed 2023
Previous assessed
$1,003,962
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$55,774
Assessed improvement
$948,188
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
10,989 SF
Lot
9.27 ac (403,801 SF)
Zoning code
OS
APN
487-050-74-00-9
UPID
US09-5201610
Jurisdiction
KERN
Zoning & alternative use
OS · Wasco, CA
Zoning OS · permitted uses
OS · 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
1991
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
9.27 ac
Current owner
From public records · entity-resolved
Morris,melvin Trust
Trust
Free & Clear · 7 yrs held
Mailing address
11618 HAAS AVE, HAWTHORNE, CA 90250-1928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2018
—
Morris,melvin Trust
Morris,melvin
Quit Claim Deed
related
—
Feb 6, 2017
$900,000
Melvin Morris
Daniel,david & Amie
Grant Deed
—
Oct 28, 2013
$2,050,000
David Daniel
Sst Properties LLC
Grant Deed
—
Sep 25, 2013
$1,150,000
Sst Properties LLC
Valley Rose Golf Course LLC
Grant Deed
$833,330 · Commerce Hm Mtg
Sep 2, 2011
—
Valley Rose Golf Course LLC
Valley Rose Golf Course
Quit Claim Deed
—
Sep 20, 2006
—
Valley Rose Golf Course
Wasco Valley Rose Golf Course
Grant Deed
$1,950,000 · Grand Pacific Financing Corp
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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