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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Grocery and convenience stores
8646 Mendocino Ave Parlier, CA 93648-2214
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-2533599
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Construction
TILT-UP CONCRETE
Total area
12,760 SF
Lot
1.19 ac (51,836 SF)
Zoning code
C4
APN
355-122-01
UPID
US09-2533599
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
-
U Save Market Grocery & Convenience Store Food Market
-
Western Union Bank Credit Union
-
Coinstar Kiosk Bank Credit Union
-
Coinme at Coinstar - Bitcoin Kiosk Shopping Center & Mall (Bike/Boat/Book/etc) Store
-
TNT Fireworks Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$1.64M
Owner & transaction history
Bazil A Thabit · 9 yrs held
Bazil A Thabit
since 2016
6 recorded transactions
Zoning & alternative use
C4 · Parlier, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+98.1%
Medical building
$2.5M
+81.2%
Office building
$2.2M
+57.4%
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 Parlier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parlier 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
$1,375,000
Current use
RESTAURANT
$2,720,000
Change: +98% · Conversion: Easy
MEDICAL BUILDING
$2,490,000
Change: +81% · Conversion: Difficult
OFFICE BUILDING
$2,160,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,875,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,625,000
Change: +18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,360,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$128 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$88,589
Tax year 2023
Assessed value
$1,756,939
Assessed 2023
Previous assessed
$1,756,939
+0.0% YoY
Effective rate
5.04%
On assessed value
Assessed land
$345,809
Assessed improvement
$1,411,130
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
12,760 SF
Lot
1.19 ac (51,836 SF)
Zoning code
C4
APN
355-122-01
UPID
US09-2533599
Jurisdiction
FRESNO
Zoning & alternative use
C4 · Parlier, CA
Zoning C4 · permitted uses
C4 · Parlier, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parlier. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Bazil A Thabit
Individual
Mailing address
1871 E WASHINGTON AVE, REEDLEY, CA 93654-9350
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Bazil A Thabit
—
Deed
related
$1,365,000 · Tri Counties Bank
Aug 9, 2016
—
Bazil A Thabit
Thabit,tanad S
Quit Claim Deed
related
—
Aug 9, 2016
$1,605,000
Bazil A Thabit
Jerry L Gong INC
Grant Deed
$1,628,700 · Seacoast Commerce Bank
Apr 17, 2000
—
Gong Trust
—
Deed Of Trust
related
$1,400,000 · United Security Bank
Jun 26, 1990
$130,000
Gong Jerry L INC
Unknown
Grant Deed
—
—
—
Jerry L Gong INC
—
Deed Of Trust
related
$915,000 · Bank Of The West
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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