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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Retail space
926 Cecil Ave Delano, CA 93215-1421
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-3001362
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Construction
WOOD
Total area
5,000 SF
Lot
0.17 ac (7,405 SF)
APN
037-170-03-00-7
UPID
US09-3001362
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
-
La Favorita Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$815k
Blend (final)
Blend
$820k
Owner & transaction history
Avtar Singh Chhina · 3 yrs held
Avtar Singh Chhina
since 2023
Last sale
$860,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+66.6%
Office building
$970,000
+53.1%
Apartment house (5+ units)
$745,000
+17.8%
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 Delano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delano 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
$840,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
RETAIL STORES
$635,000
Current use
MEDICAL BUILDING
$1,055,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$970,000
Change: +53% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$745,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$635,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $860k (Apr 25 2023)
Last sale anchor
$860k
Apr 25 2023
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
$164 / 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
$6,492
Tax year 2023
Assessed value
$585,878
Assessed 2023
Previous assessed
$585,878
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$35,504
Assessed improvement
$550,374
Applied tax rate
2.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
FORCED AIR
Cooling
EVAPORATIVE
Total area
5,000 SF
Lot
0.17 ac (7,405 SF)
APN
037-170-03-00-7
UPID
US09-3001362
Jurisdiction
KERN
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
RETAIL STORES Current
Est. value
$635,000
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$970,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$695,000
INDUSTRIAL (GENERAL)
Est. value
$635,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1976
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Lot
0.17 ac
Current owner
From public records · entity-resolved
Avtar Singh Chhina
Individual
Free & Clear · 3 yrs held
Mailing address
2203 VIA LAZIO AVE, DELANO, CA 93215-3868
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
—
Avtar Singh Chhina
Avtar Singh Chhina
Intrafamily Transfer
related
—
Aug 31, 2012
$860,000
Avtar Singh Chhina
Pritpal Kaur
Grant Deed
$409,000 · Valley Business Bank
Oct 29, 1999
—
Roeters Investments Co
Roeters Trust
Quit Claim Deed
related
—
Sep 30, 1977
—
Roeters Investment Co
—
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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