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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Manufacturing properties
421 Noble St Madera, CA 93637-6323
Trust Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3298457
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2002
Construction
STEEL FRAME
Total area
9,600 SF
Lot
2.23 ac (97,138 SF)
APN
012-402-006-000
UPID
US09-3298457
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
-
H.O. Tire (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.59M
Owner & transaction history
Berry,d & P Living Trust · 5 yrs held
Berry,d & P Living Trust
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+8.5%
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 Madera submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madera 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%
$2,055,000
6.5%
$1,895,000
7%
$1,760,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,495,000
Current use
RESTAURANT
$1,620,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$1,445,000
Change: -3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,375,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,365,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±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
$166 / 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
$19,825
Tax year 2024
Assessed value
$950,669
Assessed 2024
Previous assessed
$950,669
+0.0% YoY
Effective rate
2.09%
On assessed value
Assessed land
$80,795
Assessed improvement
$869,874
Applied tax rate
2.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Total area
9,600 SF
Lot
2.23 ac (97,138 SF)
APN
012-402-006-000
UPID
US09-3298457
Jurisdiction
MADERA
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
RESTAURANT
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
2002
Construction
STEEL FRAME
Heating
NONE
Lot
2.23 ac
Current owner
From public records · entity-resolved
Berry,d & P Living Trust
Trust
Mailing address
413 W YOSEMITE AVE STE #106, MADERA, CA 93637-4574
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2020
—
Berry,d & P Living Trust
Berry D & P L/tr
Correction Deed
related
—
Mar 20, 2019
—
Berry,david & Patricia L Trust
—
Deed
related
$8,000,000 · Citizens Busn Bk
Jan 28, 2016
—
Berry,david & Patricia Trust
Berry,david L & Patricia R
Quit Claim Deed
related
—
Dec 20, 2013
—
David L Berry
Berry,david L & Patricia R
Quit Claim Deed
related
$5,346,000 · Premier Valley Bank
Jul 22, 2009
—
David L Berry
—
Trustees Deed
related
—
Jun 29, 2004
—
David L Berry
—
Deed Of Trust
related
$2,500,000 · County Bank
—
—
David L Berry
—
Deed Of Trust
related
$500,000 · County Bank
—
—
Berry,david & Patricia L Trust
—
Deed Of Trust
related
$8,000,000 · Citizens Busn Bk
—
—
Berry,david & Patricia L Trust
—
Deed Of Trust
related
$8,000,000 · Citizens Busn Bk
—
—
David L Berry
—
Deed Of Trust
related
$3,000,000 · Westamerica 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.
Try Rey
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