Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    404 Lynora St Tulare, CA 93274-2951

    • Apartment buildings
    • 6,540 SF
    • 0.48 lot acres
    OFF-MARKET
    Last Sale
    Aug 11, 2021
    $1,405,000
    Value Estimations
    $1,400,000
    Show details
    Cap Rate Potential
    3.9%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-5854656
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 404 Lynora St

    Year built
    1991
    Construction
    WOOD
    Lot size
    0.48 lot acres
    Property size
    6,540 SF
    Zone code
    RM2
    Property type
    Apartment buildings
    APN
    171-120-067-000
    APU
    171120067000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,390,000
      ML approach
      $1,405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,325,000
      Market price range: $552k - $1.33M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $890,000
      Current use
      COMMERCIAL (GENERAL)
      $1,595,000
      Change: +79% Conversion: Moderate
      MEDICAL BUILDING
      $1,320,000
      Change: +48% Conversion: Moderate
      RETAIL STORES
      $930,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $845,000
      Change: -5% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tulare
    County
    Tulare
    State
    California
    Longitude
    -119.328
    Latitude
    36.2158
    CBSA code
    47300
    CBSA name
    VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,737
    $78,030
    $799,027
    $877,057
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      308 G St

      APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
      308 G St, Tulare, CA 93274-3870
      View Details
    • Value Estimation
      $3,450,000
      32,256 SF

      770 Aberdeen St

      APARTMENT HOUSE (5+ UNITS) • 32,256 SF
      770 Aberdeen St, Tulare, CA 93274-7564
      View Details
    • Value Estimation
      $8,765,000
      84,070 SF

      351 St

      APARTMENT HOUSE (5+ UNITS) • 84,070 SF
      351 St, Tulare, CA 93274-3415
      View Details
    • Value Estimation
      $1,315,000
      15,470 SF

      414 Mdw Dr

      APARTMENT HOUSE (5+ UNITS) • 15,470 SF
      414 Mdw Dr, Tulare, CA 93274-6334
      View Details
    • Value Estimation
      $2,305,000
      33,900 SF

      900 Pleasant Ave

      APARTMENT HOUSE (5+ UNITS) • 33,900 SF
      900 Pleasant Ave, Tulare, CA 93274-7603
      View Details
    • Value Estimation
      $980,000
      8,834 SF

      232 Sacramento St

      APARTMENT HOUSE (5+ UNITS) • 8,834 SF
      232 Sacramento St, Tulare, CA 93274-3532
      View Details

    Similar Nearby for Sale

    • $665,000
      Pending

      Tulare Multifamily Investment Opportunity

      Modern triplex in Tulare's growth corridor, ideal for long-term renters.
      1572-1578 Jasmine Ct, Tulare, CA 93274
      View Details
    • $355,000
      Pending

      Tulare Multifamily Investment Opportunity

      Well-maintained duplex near Adventist Health Tulare and downtown.
      648 Auburn St, Tulare, CA 93274
      View Details
    • $399,999

      Tulare Triplex Investment Opportunity

      Triplex with strong rental upside in a prime location.
      303 W Kern Ave, Tulare, CA 93274
      View Details
    • $60,000
      1.00 Acre

      Tulare Acre Land Lot

      One acre land lot, perfect for building a dream home.
      Road 80, Tulare, CA 93274
      View Details
    • Contact for pricing
      3,901,234 SF

      Tulare Industrial Gateway Land

      Prime industrial land with rail access and tax credits.
      West Paige Ave, Tulare, CA 93274
      View Details
    • Contact for pricing
      5,600 SF

      Shop Building with Tower ForSale

      Shop building with two tenants plus tower available for sale.
      163 S Spruce St, Tulare, CA 93274
      View Details

    Similar Nearby for Lease

    • $0.65 SF/Yr
      7,200 SF

      Industrial Units with Roll-Up Doors

      Industrial warehouse units featuring roll-up doors and private restrooms.
      1442 S Blackstone St, Tulare, CA 93274
      View Details
    • $1,800 /Mo
      1,500 SF

      Automotive Center with Lift Door

      Automotive center featuring a lift door and restroom for rent.
      1539 E Tulare Ave, Tulare, CA 93274
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Village Center

      Retail space available in a busy shopping center.
      1211-1297 N Cherry St, Tulare, CA 93274
      View Details
    • Contact for pricing
      917,000 SF

      Industrial Building with Extensive Parking

      Large industrial building with ample loading docks and trailer parking.
      2918 S Pratt St, Tulare, CA 93274
      View Details
    • Contact for pricing
      2,041 SF

      Retail Space Near Highway 99

      Retail space with high visibility and pylon signage available.
      1394 N Cherry Ct, Tulare, CA 93274
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Building with Fenced Area

      Service commercial building with office and fenced area for rent.
      6200 Hosfield Dr, Tulare, CA 93274
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    404 Lynora St
    Tulare, CA 93274-2951
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!