Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,300,000
Industrial land
5408 Expy Ave Shafter, CA 93263
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-0003277
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Construction
WOOD FRAME
Lot
79.19 ac (3,449,516 SF)
Zoning code
I
APN
091-251-15-01-7
UPID
US09-0003277
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
$9.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.30M
Owner & transaction history
Rexco Shafter LLC · 4 yrs held
Rexco Shafter LLC
since 2021
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
I · Shafter, 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 Shafter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shafter 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
$10,620,000
ML approach
$9,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.30M
Range $8.37M – $10.23M · ±10% · vs last sale $8.50M (Dec 29 2021)
Last sale anchor
$8.50M
Dec 29 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
—
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
$109,511
Tax year 2023
Assessed value
$10,020,035
Assessed 2023
Previous assessed
$10,020,035
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$7,872,233
Assessed improvement
$2,147,802
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Lot
79.19 ac (3,449,516 SF)
Zoning code
I
APN
091-251-15-01-7
UPID
US09-0003277
Jurisdiction
KERN
Zoning & alternative use
I · Shafter, CA
Zoning I · permitted uses
I · Shafter, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shafter. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Lot
79.19 ac
Current owner
From public records · entity-resolved
Rexco Shafter LLC
Entity
Mailing address
2518 N SANTIAGO BLVD, ORANGE, CA 92867-1862
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
—
Rexco Shafter LLC
Rexco LLC
Quit Claim Deed
related
—
Dec 30, 2020
$8,500,000
Rexco LLC
Holt Separate Property Trust
Grant Deed
—
Nov 14, 2019
—
City Of Shafter
Holt Separate Property Trust
Quit Claim Deed
related
—
Jun 5, 2013
—
Holt Trust
Holt,glen D & Michael D
Quit Claim Deed
related
—
Apr 27, 2012
—
Glenn D Holt
Holt,glenn D
Quit Claim Deed
related
—
—
—
Glen D Holt
—
Deed Of Trust
related
$215,000 · Bank Of America
—
—
Glen D Holt
—
Deed Of Trust
related
$100,000 · Bank Of America
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 5408 Expy Ave?
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.
