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Property profile & analytics
OFF-MARKET
Estimated value
$68,405,000
Distribution centers
4193 Industrial Pkwy Dr Lebec, CA 93243-9719
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-2483104
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Construction
WOOD
Total area
606,008 SF
Lot
29.06 ac (1,265,853 SF)
Zoning code
M-2
APN
238-470-03-00-9
UPID
US09-2483104
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$61.65M
Blend (final)
Blend
$68.41M
Owner & transaction history
Ch M Tejon 4193 Industrail LLC · 4 yrs held
Ch M Tejon 4193 Industrail LLC
since 2021
Last sale
$65.2M
7 recorded transactions
Zoning & alternative use
M-2 · Lebec, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$90.3M
+30.3%
Auto repair, garage
$84.1M
+21.3%
Industrial (general)
$76.9M
+11.0%
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 Lebec submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebec 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
$81,500,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$69,310,000
Current use
APARTMENT HOUSE (5+ UNITS)
$90,320,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$84,085,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$76,935,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$68.41M
Range $61.56M – $75.25M · ±10% · vs last sale $65.23M (Dec 27 2021)
Last sale anchor
$65.23M
Dec 27 2021
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
$113 / 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
$1,001,973
Tax year 2023
Assessed value
$68,670,532
Assessed 2023
Previous assessed
$68,670,532
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$9,206,520
Assessed improvement
$59,464,012
Applied tax rate
118.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2008
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
606,008 SF
Lot
29.06 ac (1,265,853 SF)
Zoning code
M-2
APN
238-470-03-00-9
UPID
US09-2483104
Jurisdiction
KERN
Zoning & alternative use
M-2 · Lebec, CA
Zoning M-2 · permitted uses
M-2 · Lebec, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lebec. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$69.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$90.3M
AUTO REPAIR, GARAGE
Est. value
$84.1M
INDUSTRIAL (GENERAL)
Est. value
$76.9M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
2008
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
29.06 ac
Current owner
From public records · entity-resolved
Ch M Tejon 4193 Industrail LLC
Entity
Free & Clear · 4 yrs held
Mailing address
527 W 7TH ST STE #200, LOS ANGELES, CA 90014-2513
Ownership since
2021
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
Dec 27, 2021
$65,234,000
Ch M Tejon 4193 Industrail LLC
Covas I Tejon Industril LLC
Grant Deed
—
Nov 10, 2021
—
Covcas I Tejon Industrial LLC
—
Deed
related
$40,100,000 · Peoples Bank & Trust Co Of Pickett Co
Jan 10, 2020
$29,088,000
Covcas I Tejon-industrial LLC
Five West Parcel LLC
Correction Deed
—
Jan 10, 2020
—
Covcas I-tejon-industrial LLC
—
Deed
related
$23,900,000 · Bsprt Cre Fin LLC
Nov 25, 2019
$29,088,000
Covcas I-tejon-industrial LLC
Five West Parcel LLC
Grant Deed
$23,900,000 · Bsprt Cre Fin LLC
Oct 31, 2007
—
Five West Parcel LLC
—
Grant Deed
related
$17,150,000 · Lasalle National Bank
—
—
Covcas I-tejon-industrial LLC
—
Deed Of Trust
related
$23,900,000 · Bsprt Cre Fin LLC
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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