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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Flex space
543 F St Wasco, CA 93280
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5419843
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2018
Construction
STEEL FRAME
Total area
16,500 SF
Lot
2.1 ac (91,476 SF)
Zoning code
I-L
APN
487-250-31-00-2
UPID
US09-5419843
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Ag Weld INC · 4 yrs held
Ag Weld INC
since 2022
7 recorded transactions
Zoning & alternative use
I-L · Wasco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I-L zone provides for an array of warehouse, distribution, processing, light manufacturing and assembly uses, This zone implements the general plan land use light industrial designation
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
414.89 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$2.5M
+17.4%
Auto repair, garage
$2.3M
+9.3%
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 Wasco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wasco 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,095,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,460,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,290,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,960,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10%
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
$112 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$21,050
Tax year 2023
Assessed value
$1,819,691
Assessed 2023
Previous assessed
$1,819,691
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$216,408
Assessed improvement
$1,603,283
Applied tax rate
7.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
16,500 SF
Lot
2.1 ac (91,476 SF)
Zoning code
I-L
APN
487-250-31-00-2
UPID
US09-5419843
Jurisdiction
KERN
Zoning & alternative use
I-L · Wasco, CAZoning I-L · permitted uses
I-L · Wasco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I-L zone provides for an array of warehouse, distribution, processing, light manufacturing and assembly uses, This zone implements the general plan land use light industrial designation
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
414.89 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2018
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
Ag Weld INC
Entity
Mailing address
29385 JACK AVE, SHAFTER, CA 93263-9790
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
—
Ag Weld INC
Mehlberg Property LLC
Lease
$783,000 · Mid State Development Corporation
Mar 21, 2022
—
Mehlberg Property LLC
—
Deed
related
$867,000 · Morgan Stanley Bank NA
Mar 6, 2019
—
Mehlberg Property LLC
—
Deed
related
$782,000 · Mid St Dev
Feb 6, 2019
—
Mehlberg Properties LLC
—
Deed
related
$949,138 · Mission Bank
Jan 31, 2019
—
Mehiberg Property LLC
—
Deed
related
$949,137 · Mission Bk
Jul 10, 2017
—
Mehlberg Property LLC
Jeffrey Mehlberg
Intrafamily Transfer
related
$1,025,000 · Mission Bank
—
—
Mehiberg Property LLC
—
Loan Modification
related
$949,137 · Mission Bk
—
—
Mehiberg Property LLC
—
Loan Modification
related
$762,090 · Mission Bk
—
—
Mehlberg Property LLC
—
Deed Of Trust
related
$949,137 · Mission Bk
—
—
Mehlberg Property LLC
—
Deed Of Trust
related
$782,000 · Mid St Dev
—
—
Mehlberg Properties LLC
—
Deed Of Trust
related
$782,000 · Mid St Dev
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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