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Property profile & analytics
OFF-MARKET
Retail space
431 Ml St Tehachapi, CA 93561-2026
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-3075636
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
WOOD
Total area
2,964 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R-P
APN
040-010-19-00-1
UPID
US09-3075636
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
-
Moments of Peace Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
The Loft - Tehachapi Studio Salon by Mika Hair Salon
-
Bronzed by Bon Tanning Salon
-
Luminous Beauty Co Hair Salon
-
AK Hair Studio Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael Downum · 9 yrs held
Michael Downum
since 2016
3 recorded transactions
Zoning & alternative use
R-P · Tehachapi, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,913
Tax year 2023
Assessed value
$250,987
Assessed 2023
Previous assessed
$250,987
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$100,394
Assessed improvement
$150,593
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
1965
Construction
WOOD
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Total area
2,964 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R-P
APN
040-010-19-00-1
UPID
US09-3075636
Jurisdiction
KERN
Zoning & alternative use
R-P · Tehachapi, CAZoning R-P · permitted uses
R-P · Tehachapi, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Michael Downum
Individual
Mailing address
1001 PAXTON WAY, BAKERSFIELD, CA 93312-5721
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2016
$225,000
Michael Downum
Cavellini Family Trust
Grant Deed
$200,000 · Cavellini Family Trust (pt)
Jul 7, 2004
—
Cavellini,tr
Cavellini,john P & Diane L
Quit Claim Deed
related
—
Jun 30, 1974
—
John Cavellini
—
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.
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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