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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Retail space
40838 Sierra Dr A Three Rivers, CA 93271-9696
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-5897277
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
WOOD
Total area
5,172 SF
Lot
1.08 ac (47,044 SF)
Zoning code
C-2/CS
APN
068-360-009-000
UPID
US09-5897277
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
-
the Barn Department Store
-
Three Rivers Community Services District Government Office
-
Mineral King Preservation Society Museum
-
Royal Gardens Garden Center Landscaping
-
Colma Education Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$663k
Blend (final)
Blend
$960k
Owner & transaction history
Sierra Oak Tree LLC · 3 yrs held
Sierra Oak Tree LLC
since 2022
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
C-2/CS · Three Rivers, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+92.0%
Medical building
$1.0M
+58.9%
Office building
$725,000
+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 Three Rivers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Three Rivers 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
$925,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Alternative Use
Use
Estimation
RETAIL STORES
$655,000
Current use
COMMERCIAL (GENERAL)
$1,260,000
Change: +92% · Conversion: Easy
MEDICAL BUILDING
$1,045,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$705,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$605,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $1.00M (Sep 16 2022)
Last sale anchor
$1.00M
Sep 16 2022
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
$186 / 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
$5,767
Tax year 2024
Assessed value
$536,659
Assessed 2024
Previous assessed
$536,659
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$195,148
Assessed improvement
$341,511
Applied tax rate
146.0000
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
1981
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
3
Total area
5,172 SF
Lot
1.08 ac (47,044 SF)
Zoning code
C-2/CS
APN
068-360-009-000
UPID
US09-5897277
Jurisdiction
TULARE
Zoning & alternative use
C-2/CS · Three Rivers, CA
Zoning C-2/CS · permitted uses
C-2/CS · Three Rivers, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Three Rivers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$725,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$605,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1981
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
3
Lot
1.08 ac
Current owner
From public records · entity-resolved
Sierra Oak Tree LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 413, THREE RIVERS, CA 93271-0413
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
$1,000,000
Sierra Oak Tree LLC
David A Learned JR
Grant Deed
—
Jan 5, 2021
—
Learned Family Trust
Jane E Learned
Affidavit Of Death
related
—
Oct 24, 2019
—
Learned Family Trust
Learned Family Trust
Correction Deed
related
—
Oct 2, 2019
—
Learned Family Trust
Learned Family Trust
Quit Claim Deed
related
—
Sep 10, 2003
—
Learned,tr
Park Investment
Grant 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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