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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Retail space
40689 Rd 128 Cutler, CA 93615
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5953046
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
TILT-UP CONCRETE
Total area
3,588 SF
Lot
0.17 ac (7,340 SF)
APN
032-102-013-000
UPID
US09-5953046
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
$570k
CAP Approach
CAP
$790k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Dae Uk Kim · 3 yrs held
Dae Uk Kim
since 2023
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$875,000
+92.0%
Medical building
$725,000
+58.9%
Office building
$500,000
+10.3%
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 Cutler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cutler 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
$625,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$730,000
Alternative Use
Use
Estimation
RETAIL STORES
$455,000
Current use
COMMERCIAL (GENERAL)
$875,000
Change: +92% · Conversion: Easy
MEDICAL BUILDING
$725,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$500,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$420,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $700k (Mar 3 2023)
Last sale anchor
$700k
Mar 3 2023
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
$174 / 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
$2,468
Tax year 2024
Assessed value
$231,540
Assessed 2024
Previous assessed
$231,540
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$44,880
Assessed improvement
$186,660
Applied tax rate
68.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,588 SF
Lot
0.17 ac (7,340 SF)
APN
032-102-013-000
UPID
US09-5953046
Jurisdiction
TULARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$455,000
COMMERCIAL (GENERAL)
Est. value
$875,000
MEDICAL BUILDING
Est. value
$725,000
OFFICE BUILDING
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$420,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1966
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Dae Uk Kim
Individual
Mailing address
902 ANCHOR AVE, ORANGE COVE, CA 93646-2329
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Mar 3, 2023
$700,000
Dae Uk Kim
Kelly Abe Hayashi
Grant Deed
$425,000 · Abe Taye
Jun 7, 2022
$50,000
Kelly Abe Hayashi
Michele Nagata
Grant Deed
—
Apr 23, 2021
—
Kelly Abe Hayashi
Taye Shinoda Abe
Quit Claim Deed
related
—
Apr 16, 2021
—
Eileen Kaye Abe Mesias
Franklin K Abe
Affidavit Of Death Of Joint Tenant
related
—
Nov 9, 2020
—
Abe F K & 1987 Living Trust Of
Herbert T Abe
Quit Claim Deed
related
—
Feb 5, 2020
—
Abe F K & 1987 Living Trust Of
Abe H T & R 1987 L Trust Of
Quit Claim Deed
related
—
Jan 10, 2019
—
Franklin K Abe
Abe,franklin K
Deed
related
—
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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