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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Research & development properties
937 High St Delano, CA 93215-1704
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-2890897
Property profile
Verified
Property type
Research & development properties
Use group
RECYCLING (METAL, PAPER, GLASS)
Year built
1950
Construction
WOOD
Total area
6,480 SF
Lot
0.49 ac (21,344 SF)
Zoning code
G C
APN
038-130-10-00-2
UPID
US09-2890897
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
-
z Bakery Specialty Food Shop
-
MRV Service AIr Inc. HVAC Service General Contractor
-
C&D Spa nails Nail Salon
-
Spa nails Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$865k
Owner & transaction history
Mrv Realty 2 LLC · 5 yrs held
Mrv Realty 2 LLC
since 2020
Last sale
$745,000
3 recorded transactions
Zoning & alternative use
G C · Delano, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$980,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,105,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$925,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$925,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$900,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$790,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$620,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$605,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $745k (Sep 24 2020)
Last sale anchor
$745k
Sep 24 2020
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
$133 / 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
$5,084
Tax year 2023
Assessed value
$458,794
Assessed 2023
Previous assessed
$458,794
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$237,603
Assessed improvement
$221,191
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
Research & development properties
Use group
RECYCLING (METAL, PAPER, GLASS)
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Total area
6,480 SF
Lot
0.49 ac (21,344 SF)
Zoning code
G C
APN
038-130-10-00-2
UPID
US09-2890897
Jurisdiction
KERN
Zoning & alternative use
G C · Delano, CA
Zoning G C · permitted uses
G C · Delano, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delano. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$925,000
MEDICAL BUILDING
Est. value
$925,000
OFFICE BUILDING
Est. value
$900,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$790,000
INDUSTRIAL (GENERAL)
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$605,000
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1950
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Mrv Realty 2 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1355 FREMONT ST, DELANO, CA 93215
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2020
—
Mrv Realty 2 LLC
Mrv Realty LLC
Quit Claim Deed
related
—
Dec 14, 2017
—
Mrv Realty LLC
—
Deed
related
$558,750 · Wells Fargo Bank NA
Jun 9, 2017
$745,000
Mrv Realty LLC
P & J Realty LLC
Grant Deed
$595,000 · P & J Realty LLC
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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