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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Apartment buildings
524 Encina St Visalia, CA 93277-2630
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5989814
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
WOOD
Total area
4,888 SF
Lot
0.25 ac (10,728 SF)
Zoning code
R16
APN
097-032-011-000
UPID
US09-5989814
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
$665k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$470k
Blend (final)
Blend
$635k
Owner & transaction history
Timothy J Karman · 4 yrs held
Timothy J Karman
since 2022
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
R16 · 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
$735,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$985,000
Current use
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $625k (May 28 2021)
Last sale anchor
$625k
May 28 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
$130 / 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
$7,127
Tax year 2024
Assessed value
$663,254
Assessed 2024
Previous assessed
$663,254
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$159,181
Assessed improvement
$504,073
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
1966
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
2
Units
6
Rooms
10
Bathrooms
6
Total area
4,888 SF
Lot
0.25 ac (10,728 SF)
Zoning code
R16
APN
097-032-011-000
UPID
US09-5989814
Jurisdiction
TULARE
Zoning & alternative use
R16 · Visalia, CA
Zoning R16 · permitted uses
R16 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$985,000
APARTMENT HOUSE (5+ UNITS) Current
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
1966
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Units
6
Rooms
10
Bathrooms
6
Lot
0.25 ac
Current owner
From public records · entity-resolved
Timothy J Karman
Individual
Mailing address
2145 ALISOS DR, MONTECITO, CA 93108-1502
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
—
Timothy J Karman
David L Vega
Correction Deed
related
—
May 28, 2021
$625,000
Timothy J Karman
David L Vega
Grant Deed
$437,500 · Chicago Title Co
Feb 25, 2021
—
David L Vega
David L Vega
Intrafamily Transfer
related
—
Jun 27, 2019
—
David L Vega
—
Deed
related
$200,000 · Suncrest Bank
Mar 29, 2019
$480,000
David L Vega
Hawaiian Garden Island Trust
Grant Deed
—
May 20, 2016
—
Jonathan A Vanryn
Vanryn,nikki M
Quit Claim Deed
related
—
May 20, 2016
$450,000
Hawaiian Garden Island Trust
Celillo,mario
Grant Deed
$94,364 · Bravo Farms Restaurant INC
Jan 25, 2016
$220,000
Mario Celillo
Us Bank NA Series 2007-3
Grant Deed
—
Jul 13, 2015
$280,000
Us Bank NA Series 2007-3 Tr
Law Offices Of Les Zieve|aceves Juan C & Rosalba V
Trustees Deed
related
—
Apr 18, 2003
$260,000
Juan C Aceves
Lima,oledmiro F & Maria J
Grant Deed
$184,000 · Bank Of Visalia
May 1, 1992
$215,000
Oldemiro F Lima
Exchanged,titles
Grant Deed
$105,000 · American Savings Bank
Oct 26, 1989
$162,500
Johanns,lawrence
Pitkin,frederick
Trustees Deed
$121,875 · Guarantee Savings
—
—
Juan C Aceves
—
Deed Of Trust
related
$332,000 · Greenpoint Mortgage Funding
—
—
Juan C Aceves
—
Deed Of Trust
related
$215,000 · Imperial Capital Bank
—
—
Lawrence Johanns
—
Deed Of Trust
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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