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Property profile & analytics
OFF-MARKET
Apartment buildings
398 Walnut Ave Farmersville, CA 93223-2211
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US09-5916530
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Lot
3.45 ac (150,282 SF)
Zoning code
RM
APN
128-210-001-000
UPID
US09-5916530
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
-
Park Creek Village Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Farmersville Park Creek Assocs · 22 yrs held
Farmersville Park Creek Assocs
since 2004
5 recorded transactions
Zoning & alternative use
RM · Farmersville, 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 Farmersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmersville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$295
Tax year 2024
Assessed value
$7,019,481
Assessed 2024
Previous assessed
$7,019,481
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,006,495
Assessed improvement
$6,012,986
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1900
Heating
NONE
Lot
3.45 ac (150,282 SF)
Zoning code
RM
APN
128-210-001-000
UPID
US09-5916530
Jurisdiction
TULARE
Zoning & alternative use
RM · Farmersville, CAZoning RM · permitted uses
RM · Farmersville, 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
1900
Heating
NONE
Lot
3.45 ac
Current owner
From public records · entity-resolved
Farmersville Park Creek Assocs
Individual
Mailing address
430 E STATE ST STE #100, EAGLE, ID 83616-5901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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
Feb 23, 2004
—
Farmersville Park Creek Assocs
Pacific West Communities
Grant Deed
$4,617,000 · Wells Fargo Bank
Dec 17, 2003
$325,000
Pacific West Communities
Garlin,tr
Grant Deed
—
Nov 7, 1996
$103,000
Phyllis Garlin
Terry Trust
Grant Deed
—
—
—
Farmersville Park Creek Assocs
—
Deed Of Trust
related
$100,000 · City Of Farmersville Redev
—
—
Farmersville Park Creek Assocs
—
Deed Of Trust
related
$915,000 · California Dept Housing
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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