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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Grocery and convenience stores
66351 Harrison St Thermal, CA 92274-9722
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-2016360
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1959
Construction
WOOD
Total area
3,294 SF
Lot
4.03 ac (175,546 SF)
Zoning code
W2
APN
751-110-023
UPID
US09-2016360
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
-
Chapalas Restaurant Restaurant
-
Chapala Market Grocery & Convenience Store Food Market
-
Sigue Bank Credit Union
-
Premier Tax Thermal Tax Preparation
-
Twice the Ice Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$496k
Blend (final)
Blend
$725k
Owner & transaction history
Chap Bus LLC · 1 yrs held
Chap Bus LLC
since 2024
5 recorded transactions
Zoning & alternative use
W2 · Thermal, 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 Thermal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thermal 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
$475,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,090,000
Current use
WAREHOUSE, STORAGE
$975,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$900,000
Change: -17% · Conversion: Difficult
OFFICE BUILDING
$895,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$220 / 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
$10,347
Tax year 2024
Assessed value
$797,920
Assessed 2024
Previous assessed
$797,920
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$283,325
Assessed improvement
$514,595
Applied tax rate
58.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Units
3
Total area
3,294 SF
Lot
4.03 ac (175,546 SF)
Zoning code
W2
APN
751-110-023
UPID
US09-2016360
Jurisdiction
RIVERSIDE
Zoning & alternative use
W2 · Thermal, CA
Zoning W2 · permitted uses
W2 · Thermal, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thermal. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$975,000
MEDICAL BUILDING
Est. value
$900,000
OFFICE BUILDING
Est. value
$895,000
RETAIL STORES Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
OFFICE 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
1959
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Units
3
Lot
4.03 ac
Current owner
From public records · entity-resolved
Chap Bus LLC
Entity
Free & Clear · 1 yrs held
Mailing address
66351 HARRISON ST, THERMAL, CA 92274-9722
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
—
Chap Bus LLC
Ramiro Velazquez
Grant Deed
—
Oct 6, 2014
—
Velazquez Family Trust
Velazquez,ramiro
Quit Claim Deed
related
—
Apr 16, 2014
—
Ramiro Velazquez
Velazquez,nohemi
Quit Claim Deed
related
—
May 19, 2011
—
Ramiro Velazquez
Velazquez,noemi
Quit Claim Deed
related
—
Jun 27, 1996
$285,000
Adolfo Velasquez
Nava,ramon & Irene R
Grant Deed
$202,350 · Seller
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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