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Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Strip malls
855 Lemoore Ave Lemoore, CA 93245
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1847904
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Construction
TYPE NOT SPECIFIED
Total area
19,535 SF
Lot
2.42 ac (105,415 SF)
APN
021-360-009-000
UPID
US09-1847904
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
-
Chubby's Diner Restaurant
-
Tacos El Grullo Restaurant
-
Starbucks Cafe & Coffee Shop
-
Pasta Fresh Restaurant Take-out & Catering
-
The GreenMile Smoke & Vape Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.39M
Owner & transaction history
Charles W Delap · 6 yrs held
Charles W Delap
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.0M
+125.3%
Restaurant
$2.6M
+93.9%
Auto repair, garage
$2.5M
+85.1%
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 Lemoore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lemoore 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
OFFICE BUILDING
$3,000,000
Change: +125% · Conversion: Moderate
RESTAURANT
$2,580,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,465,000
Change: +85% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,970,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$1,895,000
Change: +42% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,700,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$2.39M
Range $2.15M – $2.62M · ±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
$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
$66,209
Tax year 2024
Assessed value
$6,398,599
Assessed 2024
Previous assessed
$6,398,599
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$929,002
Assessed improvement
$5,469,597
Applied tax rate
3.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
19,535 SF
Lot
2.42 ac (105,415 SF)
APN
021-360-009-000
UPID
US09-1847904
Jurisdiction
KINGS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.0M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.42 ac
Current owner
From public records · entity-resolved
Charles W Delap
Individual
Free & Clear · 6 yrs held
Mailing address
6958 12TH AVE, HANFORD, CA 93230-9629
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Sep 9, 2019
—
Charles W Delap
Delap,carole D
Quit Claim Deed
related
—
Jan 11, 2017
—
William D Verboon JR
Verboon William & D Trust
Quit Claim Deed
related
—
Jan 4, 2017
$763,000
Gold Top Investments LLC
Verboon William & D Trust
Grant Deed
—
Nov 29, 2012
—
Carole D Delap
Verboon William & D Trust
Grant Deed
—
Jan 31, 2006
$6,550,000
Gold Top Investments LLC
Goal Investors LLC
Grant Deed
—
Apr 23, 2004
$645,000
Goal Investors LLC
Barr,tr
Grant Deed
$2,630,900 · United Security Bank
Dec 10, 1986
—
Peter E 50 Girolami
—
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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