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Property profile & analytics
OFF-MARKET
Estimated value
$4,165,000
Apartment buildings
615 Demaree St Visalia, CA 93277-1783
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6047384
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
34,038 SF
Lot
1.41 ac (61,420 SF)
Zoning code
RM3
APN
087-090-048-000
UPID
US09-6047384
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
-
Giant Sequoia Village Apartment Complex
-
Vintage Pine Apartment Building
-
VDS Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.34M
CAP Approach
CAP
$4.35M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$4.17M
Owner & transaction history
615 Demaree Group LLC
615 Demaree Group LLC
since 2025
7 recorded transactions
Zoning & alternative use
RM3 · 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
$5,375,000
ML approach
$4,335,000
CAP Approach
CAP Return
Estimation
6%
$4,710,000
6.5%
$4,350,000
7%
$4,040,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,840,000
Current use
Blend value · Realmo final
$4.17M
Range $3.75M – $4.58M · ±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
$122 / 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
$39,365
Tax year 2024
Assessed value
$3,666,928
Assessed 2024
Previous assessed
$3,666,928
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$771,984
Assessed improvement
$2,894,944
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
1973
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
40
Total area
34,038 SF
Lot
1.41 ac (61,420 SF)
Zoning code
RM3
APN
087-090-048-000
UPID
US09-6047384
Jurisdiction
TULARE
Zoning & alternative use
RM3 · Visalia, CA
Zoning RM3 · permitted uses
RM3 · 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
$6.8M
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
1973
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
40
Lot
1.41 ac
Current owner
From public records · entity-resolved
615 Demaree Group LLC
Entity
Mailing address
4204 PO BOX 1109TH WAY, VISALIA, CA 93279-1109
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2025
—
615 Demaree Group LLC
Eknoian Investment Group LLC
Grant Deed
$4,450,000 · Community West Bank NA
Mar 17, 2025
$4,425,000
Eknoian Investment Group LLC
A & C Holdings Investment LLC
Grant Deed
$3,100,000 · Citizens Business Bank
Oct 15, 2024
$2,198,695
A & C Holdings Investments LLC
Valley Investments Syamore LLC
Trustees Deed
related
—
Apr 10, 2020
$3,420,000
Valley Investments Sycamore LLC
Huang Re Investment LLC
Grant Deed
$2,380,000 · Citizens Business Bank
Sep 6, 2018
$3,015,500
Huang Re Investment LLC
Z 2 LLC
Grant Deed
$1,950,000 · Luther Burbank Savings
May 29, 2015
$1,994,500
Z-2 LLC
North Star Management Company
Grant Deed
$1,300,000 · Citizens Business Bank
Nov 13, 2001
$229,500
North Star Management Co
Gomez,luis F & Gloria J
Grant Deed
—
Dec 1, 1995
—
Beverlee Freyberg
Freyberg,richard H
Quit Claim Deed
related
—
Dec 1, 1995
$248,500
Northstar Management Co
Mcclellan,berverlee L
Trustees Deed
related
—
May 17, 1991
$1,380,363
Anapamu Enterpri
Irish,hills Asso
Trustees Deed
—
May 17, 1991
$321,545
Gomez,luis F & G
Anapamu Ent INC
Trustees Deed
—
May 17, 1991
$667,500
Mcclelan,beverle
Interstate,excha
Trustees Deed
—
May 17, 1991
$197,136
Garcia,manuel L
Anapamu Ent INC
Trustees Deed
—
May 17, 1991
—
Bever Mccleallan
Mcclellan,charle
Quit Claim Deed
related
$898,000 · American Savings Bank
—
—
Northstar Management Co
—
Deed Of Trust
related
$880,000 · Washington Mutual Fsb
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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