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Property profile & analytics
OFF-MARKET
Estimated value
$4,865,000
Assisted living facilities
680 Merritt Ave, Tulare, CA 93274-2135
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5868808
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1964
Construction
WOOD
Total area
21,165 SF
Lot
1.63 ac (71,002 SF)
Zoning code
C2
APN
170-340-002-000
UPID
US09-5868808
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
-
Tulare Healthcare & Wellness Center Nursing Home
-
Antonio Ludovice Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.87M
Owner & transaction history
Eretz Tulare Properties LLC · 5 yrs held
Eretz Tulare Properties LLC
since 2020
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
C2 · Tulare, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+94.1%
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
$6,400,000
ML approach
$6,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,120,000
Change: +94% · Conversion: Difficult
Blend value · Realmo final
$4.87M
Range $4.38M – $5.35M · ±10% · vs last sale $4.50M (Oct 30 2020)
Last sale anchor
$4.50M
Oct 30 2020
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
$230 / 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
$79,997
Tax year 2024
Assessed value
$7,205,602
Assessed 2024
Previous assessed
$7,205,602
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$567,746
Assessed improvement
$6,637,856
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
21,165 SF
Lot
1.63 ac (71,002 SF)
Zoning code
C2
APN
170-340-002-000
UPID
US09-5868808
Jurisdiction
TULARE
Zoning & alternative use
C2 · Tulare, CA
Zoning C2 · permitted uses
C2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.1M
COMMERCIAL (GENERAL)
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
1964
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
1.63 ac
Current owner
From public records · entity-resolved
Eretz Tulare Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7223 BEVERLY BLVD STE #205, LOS ANGELES, CA 90036-2500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
—
Eretz Tulare Properties LLC
—
Deed
related
$13,840,000 · Cibc Bank USA
Oct 30, 2020
$4,500,000
Eretz Tulare Properties LLC
Wyatt David & Pamela Trust
Grant Deed
—
Oct 30, 2020
—
Casey Family Living Trust
Janice C Casey
Affidavit Of Death
related
—
Sep 23, 2015
—
Wyatt,david & Pamela Trust
Wyatt Joseph B Trust
Quit Claim Deed
related
—
May 1, 2014
—
Burks,w K & K E Living Trust
Burks Barney Trust
Quit Claim Deed
related
—
Mar 1, 2012
—
Burks Barney Trust
Burks B & E B 1981 Trust
Quit Claim Deed
related
—
Nov 30, 2011
—
Wyatt Joseph B Trust
Wyatt Joseph B Trust
Quit Claim Deed
related
—
Sep 28, 2004
—
Wyatt Joseph B Trust
Wyatt 1992 Trust
Quit Claim Deed
related
—
—
—
Mission Medical Enterprises
—
Deed Of Trust
related
$275,000 · Valliwide 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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