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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Retail space
343 State Ave, Shafter, CA 93263-2050
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-2615856
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
WOOD
Total area
10,758 SF
Lot
0.34 ac (14,810 SF)
Zoning code
NC
APN
027-280-03-00-6
UPID
US09-2615856
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
$2.26M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
1020 Cecil LLC · 3 yrs held
1020 Cecil LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
NC · Shafter, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.7M
+142.6%
Medical building
$2.5M
+60.8%
Office building
$2.3M
+48.5%
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 Shafter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shafter 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
$2,400,000
ML approach
$2,260,000
CAP Approach
CAP Return
Estimation
6%
$1,715,000
6.5%
$1,585,000
7%
$1,470,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,530,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,710,000
Change: +143% · Conversion: Moderate
MEDICAL BUILDING
$2,460,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$2,270,000
Change: +49% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,715,000
Change: +12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,640,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,450,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10% · vs last sale $2.47M (Apr 5 2023)
Last sale anchor
$2.47M
Apr 5 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
$223 / 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
$4,572
Tax year 2023
Assessed value
$388,401
Assessed 2023
Previous assessed
$388,401
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$95,508
Assessed improvement
$292,893
Applied tax rate
6.0000
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
1997
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Total area
10,758 SF
Lot
0.34 ac (14,810 SF)
Zoning code
NC
APN
027-280-03-00-6
UPID
US09-2615856
Jurisdiction
KERN
Zoning & alternative use
NC · Shafter, CA
Zoning NC · permitted uses
NC · Shafter, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shafter. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
1997
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Lot
0.34 ac
Current owner
From public records · entity-resolved
1020 Cecil LLC
Entity
Free & Clear · 3 yrs held
Mailing address
825 CENTRAL VLY HWY, SHAFTER, CA 93263-2078
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
$2,465,000
1020 Cecil LLC
Denmeyer LLC
Grant Deed
—
Oct 14, 2020
—
Denmeyer LLC
Dennis Meyer
Correction Deed
related
—
Aug 24, 2020
—
Dennis Meyer
Ohanneson Shafter Prop L Meyer
Correction Deed
related
—
Aug 30, 2019
$2,231,000
Dennis Meyer
Meyer Ohanneson Shafter Prop L
Grant Deed
related
—
Aug 16, 2019
—
Denmeyer LLC
Meyer,dennis
Quit Claim Deed
related
—
May 11, 2018
—
Meyer Ohanneson Shafter Prop L
Meyer Ohanneson Shafter Prop L
Quit Claim Deed
related
—
Jul 12, 2013
—
Meyer Ohanneson Shafter Props
Ohanneson,cheryl
Quit Claim Deed
related
—
Oct 15, 2012
—
Meyer Ivan & Elsie Trust
Shaco LLC
Grant Deed
—
Jan 5, 2007
$1,108,000
Shaco LLC
Meyer Ivan & Elsie Trust
Quit Claim Deed
related
$1,107,582 · Meyer Ivan & Elsie Trust
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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