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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Automotive properties
3450 K St Tulare, CA 93274-7173
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6114689
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2003
Total area
18,944 SF
Lot
5.05 ac (219,978 SF)
Zoning code
M-2
APN
191-320-005-000
UPID
US09-6114689
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
-
Tacos El Pariente Restaurant
-
Golden State Paint & Body Auto Repair Shop
-
Hertz Rent A Car Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.72M
Owner & transaction history
Watson,dennis M & Carol L F Trust · 7 yrs held
Watson,dennis M & Carol L F Trust
since 2019
7 recorded transactions
Zoning & alternative use
M-2 · Tulare, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the M-2 district is to provide locations for heavy industrial uses unsuited to other locations in the community; protect industrial areas from the intrusion of incompatible types of land uses; adhere to performance standards provided for the protection of Tulare residents and the environment
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
1,322.61 ac
Source
Realmo
Top alternative use upside
Retail stores
$2.7M
+22.2%
Apartment house (5+ units)
$2.6M
+16.6%
Office building
$2.4M
+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 Tulare submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulare 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
$2,210,000
Current use
RETAIL STORES
$2,700,000
Change: +22% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,575,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$2,445,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±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
$91 / 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
$22,473
Tax year 2024
Assessed value
$2,024,220
Assessed 2024
Previous assessed
$2,024,220
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$399,369
Assessed improvement
$1,624,851
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2003
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Bathrooms
3
Total area
18,944 SF
Lot
5.05 ac (219,978 SF)
Zoning code
M-2
APN
191-320-005-000
UPID
US09-6114689
Jurisdiction
TULARE
Zoning & alternative use
M-2 · Tulare, CAZoning M-2 · permitted uses
M-2 · Tulare, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the M-2 district is to provide locations for heavy industrial uses unsuited to other locations in the community; protect industrial areas from the intrusion of incompatible types of land uses; adhere to performance standards provided for the protection of Tulare residents and the environment
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
1,322.61 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.2M
RETAIL STORES
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE 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
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
3
Lot
5.05 ac
Current owner
From public records · entity-resolved
Watson,dennis M & Carol L F Trust
Trust
Mailing address
17771 RD 224, PORTERVILLE, CA 93257-9501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2019
—
Watson,dennis M & Carol L F Trust
Watson,dennis M & Carol L
Quit Claim Deed
related
—
Dec 14, 2016
—
Dennis Watson
—
Deed
related
$740,000 · Bank Of The Sierra
Jul 2, 2003
$252,500
Dennis Watson
Zappas,tr
Grant Deed
$1,192,500 · Bank Of The Sierra
—
—
Dennis Watson
—
Deed Of Trust
related
—
—
—
Dennis Watson
—
Deed Of Trust
related
$126,250 · Bank Of The Sierra
—
—
Dennis Watson
—
Deed Of Trust
related
$740,000 · Bank Of The Sierra
—
—
Dennis M Watson
—
Deed Of Trust
related
$547,000 · Certified Dev Corp Of Tulare
—
—
Dennis Watson
—
Deed Of Trust
related
$662,500 · Bank Of The Sierra
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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