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Property profile & analytics
OFF-MARKET
Estimated value
$123,175,000
Manufacturing properties
351 Belle Hvn Dr Lemoore, CA 93245-9247
Entity Owned
24-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2956688
Property profile
Verified
Property type
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
838,078 SF
Lot
60.81 ac (2,648,883 SF)
APN
023-470-007-000
UPID
US09-2956688
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
-
Leprino Foods Co Food Processing Plant
-
Leprino West Milk Receiving (Bike/Boat/Book/etc) Store Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$122.17M
Comparable Approach
Comparable
$124.18M
Blend (final)
Blend
$123.18M
Owner & transaction history
LEPRINO FOODS COMPANY
LEPRINO FOODS COMPANY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$186.6M
+156.2%
Office building
$128.7M
+76.7%
Restaurant
$110.7M
+52.0%
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 Lemoore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lemoore 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%
$132,350,000
6.5%
$122,170,000
7%
$113,440,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$186,630,000
Change: +156% · Conversion: Difficult
OFFICE BUILDING
$128,680,000
Change: +77% · Conversion: Difficult
RESTAURANT
$110,710,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$105,690,000
Change: +45% · Conversion: Easy
WAREHOUSE, STORAGE
$84,570,000
Change: +16% · Conversion: Easy
RETAIL STORES
$81,210,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$123.18M
Range $110.86M – $135.49M · ±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
$147 / 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
$3,482,275
Tax year 2024
Assessed value
$336,534,000
Assessed 2024
Previous assessed
$336,534,000
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$4,151,000
Assessed improvement
$332,383,000
Applied tax rate
3.0000
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
Manufacturing properties
Use group
PROCESSING PLANT (CEMENT, GRAVEL)
Status
Off-Market
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Total area
838,078 SF
Lot
60.81 ac (2,648,883 SF)
APN
023-470-007-000
UPID
US09-2956688
Jurisdiction
KINGS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$186.6M
OFFICE BUILDING
Est. value
$128.7M
RESTAURANT
Est. value
$110.7M
AUTO REPAIR, GARAGE
Est. value
$105.7M
WAREHOUSE, STORAGE
Est. value
$84.6M
RETAIL STORES
Est. value
$81.2M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
2002
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Lot
60.81 ac
Current owner
From public records · entity-resolved
LEPRINO FOODS COMPANY
Entity
Free & Clear · 0 yrs held
Mailing address
1830 W 38TH AVE, DENVER, CO 80211-2225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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