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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Medical Office Space
40595 Westlake Dr Oakhurst, CA 93644-9024
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-2835533
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
WOOD
Total area
8,500 SF
Lot
2.79 ac (121,532 SF)
Zoning code
CUM
APN
064-142-009-000
UPID
US09-2835533
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
-
Florence Leung, MD Physician
-
Kaiser Health Plan Oakhurst Phy Pharmacy
-
Karen Lauterbach, MD Pediatrician Medical Clinic
-
Jerry Chastain Health Care Facility
-
Fellipe Lima Nobre De Queiroz Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.25M
Owner & transaction history
Greg B Pence · 11 yrs held
Greg B Pence
since 2015
7 recorded transactions
Zoning & alternative use
CUM · Oakhurst, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+36.7%
Neighborhood: shopping center
$1.1M
+18.6%
Commercial (general)
$1.1M
+18.2%
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 Oakhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakhurst 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
MEDICAL BUILDING
$940,000
Current use
RESTAURANT
$1,285,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,115,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,110,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$1,090,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,010,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$875,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$845,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±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
$147 / 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
$65,698
Tax year 2024
Assessed value
$6,185,989
Assessed 2024
Previous assessed
$6,185,989
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,472,852
Assessed improvement
$4,713,137
Applied tax rate
56.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
NONE
Units
1
Total area
8,500 SF
Lot
2.79 ac (121,532 SF)
Zoning code
CUM
APN
064-142-009-000
UPID
US09-2835533
Jurisdiction
MADERA
Zoning & alternative use
CUM · Oakhurst, CA
Zoning CUM · permitted uses
CUM · Oakhurst, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakhurst. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$940,000
RESTAURANT
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$875,000
RETAIL STORES
Est. value
$845,000
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1996
Construction
WOOD
Heating
NONE
Units
1
Lot
2.79 ac
Current owner
From public records · entity-resolved
Greg B Pence
Individual
Mailing address
PO BOX 721, OAKHURST, CA 93644-0721
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
—
Greg B Pence
—
Deed
related
$2,010,000 · Ffb Bank
Jun 30, 2015
$5,250,000
Greg B Pence
Wilkins Enterprises Oakhurst LP
Grant Deed
$2,380,000 · Security First Bank
Jul 20, 2010
—
Wilkins Enterprises Oakhurst LP
Wilkins Ventures LP
Grant Deed
$2,740,000 · Central Valley Community Bank
Jul 27, 2009
—
Wilkins Ventures
Wilkins,edgar A & Sara J
Quit Claim Deed
—
Jan 15, 1999
—
Edgar A Wilkins
—
Deed Of Trust
related
$1,600,000 · Wells Fargo Bank
Jun 28, 1996
—
Edgar A Wilkins
—
Grant Deed
related
$1,600,000 · United Security Bank
—
—
Wilkins Ents Oakhurst LP
—
Deed Of Trust
related
—
—
—
Edgar A Wilkins
—
Deed Of Trust
related
$150,000 · Watson Donald R Trust (tr)
—
—
Wilkins Ents Oakhurst LP
—
Deed Of Trust
related
$250,000 · Dennis Klassen
—
—
Wilkins Ents Oakhurst LP
—
Deed Of Trust
related
—
—
—
Edgar A Wilkins
—
Deed Of Trust
related
$300,000 · Bank Of Madera County
—
—
Edgar A Wilkins
—
Deed Of Trust
related
$1,980,000 · Centennial 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.
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