Back to Search
Property profile & analytics
FOR SALE
Retail space
34681 Avenue 12 Madera, CA 93636
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2421084
For Sale
1 / 23
$1,500,000
34681 Avenue 12, Madera, CA 93636
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
WOOD
Total area
1,647 SF
Lot
2.25 ac (98,010 SF)
Zoning code
MHA
APN
034-232-010-000
UPID
US09-2421084
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
-
Thai Palace Spa & Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
Aftab Naz · 3 yrs held
Aftab Naz
since 2022
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
MHA · Madera, 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 Madera submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madera 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
$830,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$520,000
7%
$480,000
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $1.00M (Oct 21 2022)
Last sale anchor
$1.00M
Oct 21 2022
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
$501 / 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
$11,429
Tax year 2024
Assessed value
$1,020,000
Assessed 2024
Previous assessed
$1,020,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$408,000
Assessed improvement
$612,000
Applied tax rate
65.0000
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
For Sale
Year built
2002
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Bathrooms
2
Total area
1,647 SF
Lot
2.25 ac (98,010 SF)
Zoning code
MHA
APN
034-232-010-000
UPID
US09-2421084
Jurisdiction
MADERA
Zoning & alternative use
MHA · Madera, CAZoning MHA · permitted uses
MHA · Madera, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
YES
Cooling
Yes
Buildings
2
Bathrooms
2
Lot
2.25 ac
Current owner
From public records · entity-resolved
Aftab Naz
Individual
Free & Clear · 3 yrs held
Mailing address
17042 CONEJO RD, MADERA, CA 93636-1474
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
$1,000,000
Aftab Naz
Garrison Landes
Grant Deed
—
Oct 21, 2022
—
Aliya B Javeed
Mohammad Aa Hayat
Intrafamily Transfer
related
—
Apr 28, 2022
—
Kathy Landes
Gary R Landes
Affidavit Of Death Of Joint Tenant
related
—
May 11, 2001
$41,000
Gary Landes
Watson Trust
Grant Deed
—
—
—
Gary Landes
—
Deed Of Trust
related
$30,000 · Michael & Beverly Sanfilippo
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
