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Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Grocery and convenience stores
9800 California City Blvd, California City, CA 93505-2233
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5050471
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,878 SF
Lot
3.53 ac (153,766 SF)
Zoning code
C2
APN
205-330-32-00-2
UPID
US09-5050471
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
-
Dollar General Market Grocery & Convenience Store Food Market
-
FedEx OnSite Postal Service Courier Service
-
Amerigas Cylinder Exchange Propane Supplier
-
Western Union Bank Credit Union
-
TNT Fireworks Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.18M
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$2.42M
Owner & transaction history
Igf Properties LLC · 8 yrs held
Igf Properties LLC
since 2017
3 recorded transactions
Zoning & alternative use
C2 · California City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.1M
+18.5%
Auto repair, garage
$2.9M
+10.3%
Industrial (general)
$2.7M
+0.9%
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 California City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs California City 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%
$3,440,000
6.5%
$3,175,000
7%
$2,945,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,625,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,110,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,895,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,650,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±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
$116 / 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
$51,982
Tax year 2023
Assessed value
$4,601,513
Assessed 2023
Previous assessed
$4,601,513
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$691,620
Assessed improvement
$3,909,893
Applied tax rate
11.0000
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Total area
20,878 SF
Lot
3.53 ac (153,766 SF)
Zoning code
C2
APN
205-330-32-00-2
UPID
US09-5050471
Jurisdiction
KERN
Zoning & alternative use
C2 · California City, CA
Zoning C2 · permitted uses
C2 · California City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
California City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES Current
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.53 ac
Current owner
From public records · entity-resolved
Igf Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1123 CHAPALA ST STE #200, SANTA BARBARA, CA 93101-3142
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jul 7, 2017
—
Igf Properties LLC
—
Trustees Deed
related
$10,130,000 · Cantor Com'l R/e Lndg
Jun 30, 2017
$4,125,000
Igf Properties LLC
White B & D Living Trust
Grant Deed
—
Jan 27, 2014
$4,450,000
Bradley D White
Dg California City Ca-1 LLC
Grant Deed
$2,575,000 · Fsgbank NA
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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