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Property profile & analytics
OFF-MARKET
Estimated value
$8,310,000
Apartment buildings
702 Sierra Ave, Woodlake, CA 93286-1249
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US09-5900716
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Construction
WOOD
Total area
60,471 SF
Lot
2.78 ac (121,096 SF)
Zoning code
R-2
APN
060-040-063-000
UPID
US09-5900716
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
-
Sierra Village Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.73M
Comparable Approach
Comparable
$10.70M
Blend (final)
Blend
$8.31M
Owner & transaction history
W Sierra Ave 700 · 18 yrs held
W Sierra Ave 700
since 2007
7 recorded transactions
Zoning & alternative use
R-2 · Woodlake, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.2M
+48.4%
Office building
$8.5M
+3.0%
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 Woodlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodlake 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%
$8,370,000
6.5%
$7,725,000
7%
$7,175,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,220,000
Current use
MEDICAL BUILDING
$12,200,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$8,465,000
Change: +3% · Conversion: Moderate
RETAIL STORES
$7,680,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,055,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$8.31M
Range $7.48M – $9.14M · ±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
$137 / 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
$4,502
Tax year 2024
Assessed value
$7,033,790
Assessed 2024
Previous assessed
$7,033,790
+0.0% YoY
Effective rate
0.06%
On assessed value
Assessed land
$582,070
Assessed improvement
$6,451,720
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2008
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
7
Stories
2
Units
7
Total area
60,471 SF
Lot
2.78 ac (121,096 SF)
Zoning code
R-2
APN
060-040-063-000
UPID
US09-5900716
Jurisdiction
TULARE
Zoning & alternative use
R-2 · Woodlake, CA
Zoning R-2 · permitted uses
R-2 · Woodlake, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodlake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$12.2M
OFFICE BUILDING
Est. value
$8.5M
RETAIL STORES
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2008
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
7
Units
7
Lot
2.78 ac
Current owner
From public records · entity-resolved
W Sierra Ave 700
Individual
Mailing address
20750 VENTURA BLVD STE #155, WOODLAND HILLS, CA 91364-6202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Feb 7, 2008
—
W Sierra Ave 700
—
Trustees Deed
related
$13,540,000 · Citicorp USA Corp
Oct 5, 2007
$452,500
W Sierra Ave 700
Vandellen L & N Trust
Grant Deed
$792,000 · United Security Bank
Feb 11, 2005
—
Joseph D Michael
Michael,shirley
Quit Claim Deed
related
—
Feb 11, 2005
$120,000
Vandellen Lubbert & N Trust
Michael,joseph D
Grant Deed
—
Aug 7, 2001
—
Joseph D Michael
Michael Mcguire & Eatough Ptsh
Quit Claim Deed
related
—
Jun 9, 1997
—
Mcgure Michael
Sage Apts
Grant Deed
related
—
Sep 27, 1996
$89,000
Sage Apts
Michael, Mcguire & Eatough
Grant Deed
—
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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