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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Apartment buildings
607 Houston Ave Visalia, CA 93292-3833
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6068716
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1927
Construction
WOOD
Total area
1,818 SF
Lot
0.63 ac (27,448 SF)
Zoning code
RM2
APN
094-130-032-000
UPID
US09-6068716
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$513k
Blend (final)
Blend
$545k
Owner & transaction history
The Saephan Investments LLC · 4 yrs held
The Saephan Investments LLC
since 2021
Last sale
$550,000
6 recorded transactions
Zoning & alternative use
RM2 · Visalia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$730,000
+99.7%
Commercial (general)
$500,000
+36.8%
Medical building
$395,000
+8.4%
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
$645,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$365,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$730,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$500,000
Change: +37% · Conversion: Moderate
MEDICAL BUILDING
$395,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $550k (Dec 9 2021)
Last sale anchor
$550k
Dec 9 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
$300 / 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
$6,281
Tax year 2024
Assessed value
$583,664
Assessed 2024
Previous assessed
$583,664
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$132,651
Assessed improvement
$451,013
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
1927
Construction
WOOD
Heating
NONE
Buildings
7
Stories
1
Units
7
Bathrooms
3
Total area
1,818 SF
Lot
0.63 ac (27,448 SF)
Zoning code
RM2
APN
094-130-032-000
UPID
US09-6068716
Jurisdiction
TULARE
Zoning & alternative use
RM2 · Visalia, CA
Zoning RM2 · permitted uses
RM2 · 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
$365,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$500,000
MEDICAL BUILDING
Est. value
$395,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1927
Construction
WOOD
Heating
NONE
Stories
1
Buildings
7
Units
7
Bathrooms
3
Lot
0.63 ac
Current owner
From public records · entity-resolved
The Saephan Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
787 S MARIPOSA AVE, VISALIA, CA 93292-9729
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
—
The Saephan Investments LLC
Hinh Saephan Seng
Intrafamily Transfer
related
—
Nov 30, 2021
—
Hinh Saephan Seng
Hinh Saephan Seng
Intrafamily Transfer
related
—
Feb 17, 2021
$550,000
Seng Saephan
Eric R Mcpherson
Grant Deed
—
Oct 12, 2016
—
Eric R Mcpherson
—
Deed
related
$100,000 · Security First Bank
Mar 7, 2001
$215,000
Mcpherson Trust
Atkins Trust
Grant Deed
—
Jun 14, 1995
—
Atkins Family LP
Atkins,m W & Marilyn A
Quit Claim Deed
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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