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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Manufacturing properties
400 Carsen Way Shafter, CA 93263-4050
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US09-1164243
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2008
Construction
STEEL FRAME
Total area
8,116 SF
Lot
5.27 ac (229,561 SF)
Zoning code
M-2
APN
091-171-33-00-7
UPID
US09-1164243
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
R A Owens Co LLC · 17 yrs held
R A Owens Co LLC
since 2009
7 recorded transactions
Zoning & alternative use
M-2 · Shafter, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+56.6%
Auto repair, garage
$1.3M
+18.1%
Apartment house (5+ units)
$1.2M
+13.2%
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 Shafter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shafter 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%
$1,380,000
6.5%
$1,275,000
7%
$1,185,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,095,000
Current use
OFFICE BUILDING
$1,715,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,295,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,240,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$1,155,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$127 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,889
Tax year 2023
Assessed value
$1,467,729
Assessed 2023
Previous assessed
$1,467,729
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$663,193
Assessed improvement
$804,536
Applied tax rate
6.0000
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Stories
2
Total area
8,116 SF
Lot
5.27 ac (229,561 SF)
Zoning code
M-2
APN
091-171-33-00-7
UPID
US09-1164243
Jurisdiction
KERN
Zoning & alternative use
M-2 · Shafter, CA
Zoning M-2 · permitted uses
M-2 · Shafter, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shafter. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2008
Construction
STEEL FRAME
Heating
NONE
Stories
2
Lot
5.27 ac
Current owner
From public records · entity-resolved
R A Owens Co LLC
Entity
Mailing address
400 CARSEN WAY, SHAFTER, CA 93263-4050
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2016
—
R A Owens Co LLC
—
Deed
related
$2,657,670 · Rabobank
Feb 13, 2009
—
R A Owens Co LLC
Owens R A SR & M Trust
Quit Claim Deed
related
—
Mar 14, 2007
$515,000
Owens Richard A SR & M Trust
Gmc Roofing & Building Paper
Grant Deed
$360,500 · American Agcredit Flca
—
—
Ra Owens Co
—
Deed Of Trust
related
$400,000 · Citizens Business Bank
—
—
Owens R A SR & M Trust
—
Deed Of Trust
related
$1,085,000 · Citizens Business Bank
—
—
R A Owens Co LLC
—
Deed Of Trust
related
$800,000 · Rabobank
—
—
R A Owens Co LLC
—
Deed Of Trust
related
$2,657,670 · Rabobank
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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