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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Retail space
414 Tehachapi Blvd Tehachapi, CA 93561-1638
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5114475
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Construction
WOOD FRAME
Total area
16,465 SF
Lot
1.14 ac (49,658 SF)
Zoning code
C-2
APN
040-010-48-00-5
UPID
US09-5114475
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
-
Bradford, Cox, & Madhavani Accounting Firm Tax Preparation
-
Luna's Mexican Grill Restaurant
-
Simply Perfect Gifts and Decor (Bike/Boat/Book/etc) Store
-
Kern County Building Inspection County Government Office
-
Blue Rivers Boutique Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.51M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.09M
Owner & transaction history
Yoo Family Trust · 5 yrs held
Yoo Family Trust
since 2020
4 recorded transactions
Zoning & alternative use
C-2 · Tehachapi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-2 zone is applied to areas of Tehachapi that are appropriate for uses that support activities less restrictive than in the C-1 zone
Zone name
Central Commercial
General category
COMMERCIAL
Zone area
42.84 ac
Source
Realmo
Top alternative use upside
Medical building
$3.5M
+67.5%
Apartment house (5+ units)
$3.3M
+58.1%
Office building
$3.2M
+54.0%
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 Tehachapi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tehachapi 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%
$2,710,000
6.5%
$2,505,000
7%
$2,325,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,070,000
Current use
MEDICAL BUILDING
$3,470,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,275,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$3,190,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,285,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,090,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±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
$127 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$20,374
Tax year 2023
Assessed value
$1,772,749
Assessed 2023
Previous assessed
$1,772,749
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$153,207
Assessed improvement
$1,619,542
Applied tax rate
5.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2013
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Units
8
Total area
16,465 SF
Lot
1.14 ac (49,658 SF)
Zoning code
C-2
APN
040-010-48-00-5
UPID
US09-5114475
Jurisdiction
KERN
Zoning & alternative use
C-2 · Tehachapi, CAZoning C-2 · permitted uses
C-2 · Tehachapi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-2 zone is applied to areas of Tehachapi that are appropriate for uses that support activities less restrictive than in the C-1 zone
Zone name
Central Commercial
General category
COMMERCIAL
Zone area
42.84 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2013
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
8
Lot
1.14 ac
Current owner
From public records · entity-resolved
Yoo Family Trust
Trust
Free & Clear · 5 yrs held
Mailing address
420 W TEHACHAPI BLVD, TEHACHAPI, CA 93561-1638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
—
Hyon Kil Yoo
—
Deed
related
$850,000 · Hanmi Bank
Sep 17, 2020
—
Yoo Family Trust
Yoo Family Trust
Quit Claim Deed
related
—
Jun 27, 2019
—
Yoo Family Trust
—
Deed
related
$7,257,000 · Hanmi Bk
—
—
Yoo Family Trust
—
Deed Of Trust
related
$7,257,000 · Hanmi Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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