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Property profile & analytics
OFF-MARKET
Estimated value
$19,295,000
Super regional malls
621 Prosperity Ave Tulare, CA 93274-2140
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5760911
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1971
Construction
TILT-UP CONCRETE
Total area
158,736 SF
Lot
12.77 ac (556,261 SF)
Zoning code
C-3
APN
170-101-008-000
UPID
US09-5760911
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
-
The Village Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$19.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.30M
Owner & transaction history
Gc Tulare Tic 1 LLC · 2 yrs held
Gc Tulare Tic 1 LLC
since 2024
Last sale
$19.3M
7 recorded transactions
Zoning & alternative use
C-3 · Tulare, 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 Tulare submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tulare 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
$19,295,000
ML approach
$19,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.30M
Range $17.37M – $21.22M · ±10% · vs last sale $19.29M (Jun 6 2024)
Last sale anchor
$19.29M
Jun 6 2024
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
$126,119
Tax year 2024
Assessed value
$11,360,036
Assessed 2024
Previous assessed
$11,360,036
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,355,177
Assessed improvement
$10,004,859
Applied tax rate
5.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Stories
1
Total area
158,736 SF
Lot
12.77 ac (556,261 SF)
Zoning code
C-3
APN
170-101-008-000
UPID
US09-5760911
Jurisdiction
TULARE
Zoning & alternative use
C-3 · Tulare, CA
Zoning C-3 · permitted uses
C-3 · Tulare, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tulare. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
4
Lot
12.77 ac
Current owner
From public records · entity-resolved
Gc Tulare Tic 1 LLC
Entity
Mailing address
133 LOMITA STA, EL SEGUNDO, CA 90245-4114
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jun 6, 2024
$19,293,000
Gc Tulare Tic 1 LLC
Tulare Village LLC
Grant Deed
$13,500,000 · Morgan Stanley Bank NA
Jun 6, 2024
—
Gc Tulare Tic 1 LLC
—
Deed
related
$13,500,000 · Morgan Stanley Bank NA
Dec 4, 2018
—
Tulare Village LLC
—
Grant Deed
related
$1,300,000 · Citizens Busn Bk
Feb 23, 2004
—
Tulare Village LLC
Mehan Philip & Iris Trust
Grant Deed
related
—
Feb 10, 2004
—
Tulare Village Center LLC
Mehan,tr
Grant Deed
related
—
Dec 31, 2003
—
Mehan,tr
—
Deed Of Trust
related
$9,000,000 · Wells Fargo Bank
—
—
Tulare Village LLC
—
Deed Of Trust
related
$8,500,000 · Citizens Business Bank
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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