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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Apartment buildings
431 Euclid Ave Shafter, CA 93263-2747
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US09-2689446
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
33,708 SF
Lot
2.79 ac (121,532 SF)
APN
028-180-30-00-2
UPID
US09-2689446
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
$6.24M
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$545k
Owner & transaction history
Kern 2008 Cmnty Partners LP · 16 yrs held
Kern 2008 Cmnty Partners LP
since 2010
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.7M
+49.8%
Office building
$7.1M
+38.3%
Auto repair, garage
$5.4M
+4.3%
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 Shafter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shafter 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%
$6,760,000
6.5%
$6,240,000
7%
$5,795,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,145,000
Current use
MEDICAL BUILDING
$7,705,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$7,115,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,370,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$4,795,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,545,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$16 / 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
$6,453
Tax year 2023
Assessed value
$2,121,787
Assessed 2023
Previous assessed
$2,121,787
+0.0% YoY
Effective rate
0.30%
On assessed value
Assessed land
$148,878
Assessed improvement
$1,972,909
Applied tax rate
6.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
GAS
Cooling
YES
Stories
2
Units
42
Total area
33,708 SF
Lot
2.79 ac (121,532 SF)
APN
028-180-30-00-2
UPID
US09-2689446
Jurisdiction
KERN
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$7.7M
OFFICE BUILDING
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RETAIL STORES
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1986
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
2
Units
42
Lot
2.79 ac
Current owner
From public records · entity-resolved
Kern 2008 Cmnty Partners LP
Entity
Mailing address
1219 N PLZ DR, VISALIA, CA 93291-8837
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2010
$1,101,500
Kern 2008 Cmnty Partners LP
Hudson Park Investors
Deed Of Trust
$1,171,449 · Bonneville Mortgage Co
—
—
Kern 2008 Community Ptrs LP
—
Deed Of Trust
related
$2,007,980 · California Tax Credit Allocati
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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