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Property profile & analytics
OFF-MARKET
Estimated value
$5,140,000
Grocery and convenience stores
737 Lovers Ln Visalia, CA 93292-3226
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-6112031
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1987
Construction
TILT-UP CONCRETE
Total area
40,755 SF
Lot
3.77 ac (164,221 SF)
Zoning code
CSO
APN
100-090-031-000
UPID
US09-6112031
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
-
R-N Market Grocery & Convenience Store Food Market
-
California Calibration Auto Repair Shop
-
Ecomm hacks Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.16M
Blend (final)
Blend
$5.14M
Owner & transaction history
Raymond L Chun · 2 yrs held
Raymond L Chun
since 2024
7 recorded transactions
Zoning & alternative use
CSO · Visalia, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.2M
+23.9%
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 Visalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Visalia 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,610,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,195,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$6,370,000
Change: -4% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,500,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.14M
Range $4.63M – $5.65M · ±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
$126 / 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
$32,119
Tax year 2024
Assessed value
$2,991,790
Assessed 2024
Previous assessed
$2,991,790
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$826,120
Assessed improvement
$2,165,670
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1987
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
3
Total area
40,755 SF
Lot
3.77 ac (164,221 SF)
Zoning code
CSO
APN
100-090-031-000
UPID
US09-6112031
Jurisdiction
TULARE
Zoning & alternative use
CSO · Visalia, CA
Zoning CSO · permitted uses
CSO · Visalia, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Visalia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.2M
OFFICE BUILDING
Est. value
$6.4M
INDUSTRIAL (GENERAL)
Est. value
$5.5M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
INDUSTRIAL (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
1987
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
3
Lot
3.77 ac
Current owner
From public records · entity-resolved
Raymond L Chun
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 306, EXETER, CA 93221-0306
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
$2,250,000
Raymond L Chun
Wayne Chun
Grant Deed
related
—
Jan 18, 2024
—
Raymond L Chun
Rnv Visalia Properties LLC
Intrafamily Transfer
related
—
Mar 16, 2023
—
Rnv Visalia Properties LLC
Raymond L Chun
Grant Deed
—
Aug 30, 2019
—
Kai K Lin
Lin,anne L
Quit Claim Deed
related
—
Aug 30, 2019
$2,700,000
Chun,r & M Living Trust
Chun Raymond & Mary L/t
Grant Deed
related
—
Mar 26, 2015
—
Fung Family Trust
Fung Man-yeung & Joanna
Quit Claim Deed
related
—
Jul 1, 2008
—
Cook,john & Debra Trust
Owner Name Unavailable
Grant Deed
related
—
Jul 19, 2007
—
Cook John R & D L 2007 Trust
Cook,john
Quit Claim Deed
related
—
Jan 24, 2007
—
Cook John R & D L 2007 Trust
Cook,john
Quit Claim Deed
related
—
Aug 18, 2005
—
Chun Raymond & Mary Trust
Chun,raymond L & Mary C
Quit Claim Deed
related
—
May 26, 2005
—
Low Anna Trust
Low,anna
Quit Claim Deed
related
—
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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