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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Specialty properties
321 F St Tehachapi, CA 93561-1617
Individually Owned
3-yr Hold
Free & Clear
Property ID
US10-2332584
Property profile
Verified
Property type
Specialty properties
Use group
CREMATORIUM, MORTUARY
Year built
1955
Construction
WOOD
Total area
4,000 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C2
APN
040-030-09-00-8
UPID
US10-2332584
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
-
Greenlawn Mortuary & Cemetery Mortuary
-
Wood Family Funeral Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Carriage Funeral Services Of Califo · 3 yrs held
Carriage Funeral Services Of Califo
since 2023
Last sale
$910,000
3 recorded transactions
Zoning & alternative use
C2 · Tehachapi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$570,000
+85.6%
Office building
$565,000
+84.3%
Medical building
$560,000
+82.3%
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 Tehachapi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tehachapi 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
$805,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$570,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: +84% · Conversion: Difficult
MEDICAL BUILDING
$560,000
Change: +82% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $910k (Mar 22 2023)
Last sale anchor
$910k
Mar 22 2023
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
$218 / 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
$3,307
Tax year 2023
Assessed value
$287,803
Assessed 2023
Previous assessed
$287,803
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$67,602
Assessed improvement
$220,201
Applied tax rate
5.0000
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
Specialty properties
Use group
CREMATORIUM, MORTUARY
Status
Off-Market
Year built
1955
Construction
WOOD
Heating
YES
Cooling
YES
Total area
4,000 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C2
APN
040-030-09-00-8
UPID
US10-2332584
Jurisdiction
KERN
Zoning & alternative use
C2 · Tehachapi, CA
Zoning C2 · permitted uses
C2 · Tehachapi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tehachapi. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$570,000
OFFICE BUILDING
Est. value
$565,000
MEDICAL BUILDING
Est. value
$560,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
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
1955
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.17 ac
Current owner
From public records · entity-resolved
Carriage Funeral Services Of Califo
Individual
Free & Clear · 3 yrs held
Mailing address
3040 POST OAK BLVD STE #300, HOUSTON, TX 77056-6513
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2023
$910,000
Carriage Funeral Services Of Califo
Wood Family Funeral Service Real Pr
Grant Deed
—
Feb 28, 2007
$490,000
Wood Family Funeral Service
Wood Family Trust
Grant Deed
$190,000 · Wood Family Trust
—
—
Wood Trust
—
Deed Of Trust
related
$175,000 · Sierra National Bank
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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