New search
Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Turn key restaurants
505 Chinowth St Visalia, CA 93277-1655
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6095132
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1901
Construction
WOOD
Total area
3,730 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CSO
APN
087-070-014-000
UPID
US09-6095132
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
-
CALIFORNIA TACOS SEAFOOD&BAR Restaurant
-
Encanto Restaurante & Cocktail Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$407k
Blend (final)
Blend
$595k
Owner & transaction history
Benjamin Neri Sanchez JR · 4 yrs held
Benjamin Neri Sanchez JR
since 2022
Last sale
$620,000
7 recorded transactions
Zoning & alternative use
CSO · Visalia, 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 Visalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Visalia 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
$575,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $620k (May 25 2022)
Last sale anchor
$620k
May 25 2022
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
$160 / 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
$6,915
Tax year 2024
Assessed value
$645,048
Assessed 2024
Previous assessed
$645,048
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$124,848
Assessed improvement
$520,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1901
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
2
Total area
3,730 SF
Lot
0.34 ac (15,000 SF)
Zoning code
CSO
APN
087-070-014-000
UPID
US09-6095132
Jurisdiction
TULARE
Zoning & alternative use
CSO · Visalia, CA
Zoning CSO · permitted uses
CSO · Visalia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Visalia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1901
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Benjamin Neri Sanchez JR
Individual
Mailing address
1737 W CALDWELL AVE STE B, VISALIA, CA 93277-8051
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2022
$620,000
Benjamin Neri Sanchez JR
Jesus Villegas Perez
Grant Deed
$558,000 · Jesus Villegas Perez Etal
Dec 14, 2012
—
Jorge A Villegas-velez
Villegas,anna V
Quit Claim Deed
related
$345,000 · Suncrest Bank
Jan 30, 2009
$545,000
Jesus V Perez
Souza,daniel J & Leandra S
Grant Deed
$300,000 · Suncrest Bank
Jan 30, 2009
—
Jesus V Perez
Villegas,elva
Grant Deed
related
—
Jul 3, 2006
$900,000
Daniel J Souza
Marc J Wickliffe
Grant Deed
$1,141,500 · Wells Fargo Bank NA
Jan 4, 1999
—
Wickliffe Trust
Wickliffe,marc & June
Quit Claim Deed
related
$250,000 · Wells Fargo Bank
Dec 17, 1993
$340,000
Marc Wickliffe
Gronske,myrtle J
Grant Deed
$300,000 · Money Store Investment Corp
—
—
Jesus Perez
—
Deed Of Trust
related
—
—
—
Jesus V Perez
—
Deed Of Trust
related
$100,000 · Suncrest 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 505 Chinowth St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
