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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Apartment buildings
621 Pacific Ave Shafter, CA 93263-2139
Individually Owned
20-yr Hold
Property ID
US10-3111792
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
3,938 SF
Lot
0.26 ac (11,325 SF)
Zoning code
R-3
APN
027-220-07-00-0
UPID
US10-3111792
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
$730k
Comparable Approach
Comparable
$801k
Blend (final)
Blend
$765k
Owner & transaction history
Alejandro Penaloza · 20 yrs held
Alejandro Penaloza
since 2005
4 recorded transactions
Zoning & alternative use
R-3 · Shafter, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$900,000
+49.8%
Office building
$830,000
+38.3%
Auto repair, garage
$625,000
+4.3%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$675,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$600,000
Current use
MEDICAL BUILDING
$900,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$830,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$625,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$560,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$510,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$194 / 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
$6,664
Tax year 2023
Assessed value
$499,122
Assessed 2023
Previous assessed
$499,122
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$78,803
Assessed improvement
$420,319
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
1976
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
6
Total area
3,938 SF
Lot
0.26 ac (11,325 SF)
Zoning code
R-3
APN
027-220-07-00-0
UPID
US10-3111792
Jurisdiction
KERN
Zoning & alternative use
R-3 · Shafter, CA
Zoning R-3 · permitted uses
R-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$600,000
MEDICAL BUILDING
Est. value
$900,000
OFFICE BUILDING
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$625,000
RETAIL STORES
Est. value
$560,000
WAREHOUSE, STORAGE
Est. value
$510,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1976
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
6
Lot
0.26 ac
Current owner
From public records · entity-resolved
Alejandro Penaloza
Individual
Mailing address
15036 TRIBUTE WAY, BAKERSFIELD, CA 93314-7225
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2005
$380,000
Alejandro Penaloza
Dawson,thomas M & Elsa M
Grant Deed
$304,000 · Thomas M & Elsa M Dawson
Feb 11, 2004
$250,000
Thomas M Dawson
Reimer,peter M & Debra K
Grant Deed
—
Jul 2, 1999
$170,000
Peter M Reimer
Barber Trust
Grant Deed
$127,500 · Bank Of The Sierra
—
—
Peter M Reimer
—
Deed Of Trust
related
$127,000 · Bank Of The Sierra
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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