New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Office buildings
400 Ctr Ave Visalia, CA 93291-6222
Individually Owned
18-yr Hold
Free & Clear
Property ID
US09-5988463
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1962
Construction
WOOD FRAME
Total area
14,289 SF
Lot
1.2 ac (52,272 SF)
Zoning code
CDT
APN
094-338-012-000
UPID
US09-5988463
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
-
Lassale Family Health Care Network- Visalia Oak. Physician
-
Tucoemas Federal Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$2.15M
Owner & transaction history
Bill & Tanya Miller Family · 18 yrs held
Bill & Tanya Miller Family
since 2007
6 recorded transactions
Zoning & alternative use
CDT · Visalia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.1M
+40.8%
Apartment house (5+ units)
$2.9M
+29.9%
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 Visalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Visalia 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,210,000
Current use
MEDICAL BUILDING
$3,115,000
Change: +41% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,870,000
Change: +30% · Conversion: Easy
RETAIL STORES
$2,200,000
Change: 0% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,930,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±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
$150 / 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
$38,192
Tax year 2024
Assessed value
$2,629,836
Assessed 2024
Previous assessed
$2,629,836
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$556,014
Assessed improvement
$2,073,822
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1962
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
2
Bathrooms
6
Total area
14,289 SF
Lot
1.2 ac (52,272 SF)
Zoning code
CDT
APN
094-338-012-000
UPID
US09-5988463
Jurisdiction
TULARE
Zoning & alternative use
CDT · Visalia, CA
Zoning CDT · permitted uses
CDT · Visalia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Visalia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
RETAIL STORES
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1962
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
2
Bathrooms
6
Lot
1.2 ac
Current owner
From public records · entity-resolved
Bill & Tanya Miller Family
Individual
Free & Clear · 18 yrs held
Mailing address
PO BOX 6398, VISALIA, CA 93290-6398
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2007
—
Bill & Tanya Miller Family
Bill & Tanya Miller Family
Quit Claim Deed
related
—
Dec 22, 2004
—
Bill & Tanya Miller Family
Miller,bill R & Tanya J
Quit Claim Deed
related
—
Oct 1, 2004
—
Bill R Miller
Mini-max Custom Storage
Grant Deed
$495,000 · The Ca Stockmen's Bank
Oct 13, 2000
—
Mini-max Custom Storage
Maxine W Hadley Estate
Grant Deed
$575,000 · Stockmen's Bank
—
—
Bill & Tanya Miller Family
—
Deed Of Trust
related
$750,000 · County Bank
—
—
Bill & Tanya Miller Family
—
Deed Of Trust
related
$1,800,000 · County Bank
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?”
You own 400 Ctr Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
