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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Strip malls
37405 Ave 12 Madera, CA 93636-8759
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2925311
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
WOOD
Total area
19,883 SF
Lot
2 ac (87,120 SF)
Zoning code
MHA
APN
049-219-012-000
UPID
US09-2925311
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
-
State Foods Supermarket Grocery & Convenience Store Food Market
-
Rice Bowl Restaurant Take-out & Catering
-
Discount Fireworks Superstore Discount Store Party Supply Store
-
Reign Beauty Studio Hair Salon Nail Salon
-
State Foods Deli Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.46M
Owner & transaction history
Saveco Food Corp · 4 yrs held
Saveco Food Corp
since 2021
Last sale
$1.6M
7 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
$1,070,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,380,000
Change: -9% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,275,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$2,105,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.60M (Dec 17 2021)
Last sale anchor
$1.60M
Dec 17 2021
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
$73 / 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
$20,372
Tax year 2024
Assessed value
$1,818,050
Assessed 2024
Previous assessed
$1,818,050
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$624,240
Assessed improvement
$1,193,810
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
NONE
Units
1
Total area
19,883 SF
Lot
2 ac (87,120 SF)
Zoning code
MHA
APN
049-219-012-000
UPID
US09-2925311
Jurisdiction
MADERA
Zoning & alternative use
MHA · Madera, CA
Zoning MHA · permitted uses
MHA · Madera, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madera. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.1M
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1989
Construction
WOOD
Heating
NONE
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Saveco Food Corp
Entity
Mailing address
37405 AVE 12TH STE #401, MADERA, CA 93636-8702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$1,600,000
Saveco Food Corp
David B Hill
Grant Deed
$1,360,000 · Velocitysba LLC
Apr 25, 2019
—
Pronin,alexander Family Trust A
Pronin,carrie E
Affidavit Of Death
related
—
Jan 3, 2014
$485,000
David B Hill
Pronin Alexander Trust
Grant Deed
$485,000 · Pronin Alexander Tr (pt)
Dec 17, 2013
—
Davide B Hill
Green Robert L & E E Trust
Grant Deed
related
—
Apr 30, 2008
—
Pronin Alexander Family Trust A
Pronin Family Trust
Quit Claim Deed
related
—
Dec 30, 2003
—
Pronin,tr
Pronin,alexander & Carie E
Quit Claim Deed
related
—
Dec 29, 2000
$190,000
David B Hill
Green,robert L & Erika E
Grant Deed
$190,000 · Seller
May 18, 1999
—
Robert L Green
Green,robert L & Erika E
Quit Claim Deed
related
—
Jul 24, 1996
$150,000
Pronin,alexander & Carrie E
Pronin,alexander & Carrie E
Trustees Deed
related
$750,000 · Wells Fargo Bank
—
—
Pronin Family Trust
—
Deed Of Trust
related
$515,000 · Pronin Family Trust (tr)
—
—
David B Hill
—
Deed Of Trust
related
$100,000 · Individual
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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