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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Industrial properties
444 Cross Ave, Tulare, CA 93274-2856
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5807157
Property profile
Verified
Property type
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Year built
1947
Construction
WOOD
Total area
3,618 SF
Lot
1.55 ac (67,518 SF)
Zoning code
C4
APN
170-221-011-000
UPID
US09-5807157
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
-
Tulare Countertop and Flooring Building Supply Hardware & Home Improvement
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Nito Customz Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$441k
Blend (final)
Blend
$685k
Owner & transaction history
Teofilo Tomas Lazcano Castillo · 5 yrs held
Teofilo Tomas Lazcano Castillo
since 2021
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
C4 · Tulare, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$880,000
+145.0%
Medical building
$730,000
+102.8%
Retail stores
$515,000
+43.3%
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 Tulare submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulare 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
$695,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$880,000
Change: +145% · Conversion: Difficult
MEDICAL BUILDING
$730,000
Change: +103% · Conversion: Difficult
RETAIL STORES
$515,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$465,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$420,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $700k (Mar 18 2021)
Last sale anchor
$700k
Mar 18 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
$189 / 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
$4,065
Tax year 2024
Assessed value
$366,116
Assessed 2024
Previous assessed
$366,116
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$366,116
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
Industrial properties
Use group
LUMBERYARD, BUILDING MATERIALS
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Total area
3,618 SF
Lot
1.55 ac (67,518 SF)
Zoning code
C4
APN
170-221-011-000
UPID
US09-5807157
Jurisdiction
TULARE
Zoning & alternative use
C4 · Tulare, CA
Zoning C4 · permitted uses
C4 · Tulare, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulare. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$880,000
MEDICAL BUILDING
Est. value
$730,000
RETAIL STORES
Est. value
$515,000
OFFICE BUILDING
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$420,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1947
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Teofilo Tomas Lazcano Castillo
Individual
Mailing address
1802 MARRONETO CIR, TULARE, CA 93274-6242
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2021
—
Teofilo Tomas Lazcano Castillo
Karina Lazcano Arhely
Intrafamily Transfer
related
$224,250 · Valley Mortgage Financial LLC
Aug 14, 2008
$776,015
Tulare Cnty Mtg
Sierra Nv Reconveyance
Trustees Deed
related
—
May 3, 2006
$700,000
Judith Alarcon
Gary N Ward
Grant Deed
$500,000 · Metwest Commercial Lender INC
Aug 28, 1996
$83,500
Lange,kenneth F & Virginia L
Ward,william E
Trustees Deed
—
Aug 28, 1996
—
William E Ward
Ward,william E
Quit Claim 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.
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