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Property profile & analytics
OFF-MARKET
Retail space
5112 Lk Isabella Blvd, Lake Isabella, CA 93240-9470
Entity Owned
Free & Clear
Property ID
US10-2790132
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
WOOD
Total area
3,540 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C2
APN
263-121-05-00-4
UPID
US10-2790132
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
-
Kern River Corporation (Bike/Boat/Book/etc) Store
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
Mgm Holdings LLC
Mgm Holdings LLC
since 2025
7 recorded transactions
Zoning & alternative use
C2 · Lake Isabella, 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 Lake Isabella submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Isabella 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
$1,688
Tax year 2023
Assessed value
$148,870
Assessed 2023
Previous assessed
$148,870
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$31,011
Assessed improvement
$117,859
Applied tax rate
82.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1966
Construction
WOOD
Heating
YES
Cooling
EVAPORATIVE
Stories
1
Total area
3,540 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C2
APN
263-121-05-00-4
UPID
US10-2790132
Jurisdiction
KERN
Zoning & alternative use
C2 · Lake Isabella, CA
Zoning C2 · permitted uses
C2 · Lake Isabella, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Isabella. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Mgm Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 943, LAKE ISABELLA, CA 93240-0943
Ownership since
2025
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
Nov 14, 2025
$200,000
Mgm Holdings LLC
Lucian Whitman
Grant Deed
—
Nov 4, 2011
—
Lucian Whitman
Whitman,lucian D
Quit Claim Deed
related
—
Jan 29, 2010
$120,000
Lucian D Whitman
Altaone Federal Credit Union
Grant Deed
$90,000 · Altaone FCU
Jan 29, 2010
—
Lucian D Whitman
Whitman,rachel V
Quit Claim Deed
related
—
Oct 21, 2008
$174,937
Altaone FCU
Td Service Co
Trustees Deed
related
—
May 4, 2006
$84,000
Wayne D Gould
Brad A Welsh
Grant Deed
$168,000 · Altaone FCU
Aug 5, 2004
$144,500
Brad A Welsh
Rhodes,tr
Grant Deed
$127,200 · Altaone FCU
Mar 28, 1996
$120,000
Rhodes Trust
Hohenhaus,donald E & Ruth A
Grant Deed
$110,000 · Seller
—
—
Douglas B Rhodes
—
Deed Of Trust
related
$71,544 · Hohennhaus Trust
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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