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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Motels
992 Madera Ave Kerman, CA 93630
Entity Owned
16-yr Hold
Free & Clear
Property ID
US09-1951052
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1990
Construction
WOOD
Total area
5,454 SF
Lot
0.29 ac (12,500 SF)
Zoning code
CG
APN
023-215-12S
UPID
US09-1951052
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Ambika Investments LLC · 16 yrs held
Ambika Investments LLC
since 2010
7 recorded transactions
Zoning & alternative use
CG · Kerman, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CG - General Commercial Zone. The purpose of the general commercial (CG) zone is to provide areas of the city that allow a wide range of commercial and office uses which are diverse, visually pleasing, convenient in terms of parking and access, attractive, and used by citizens and visitors. The CG zone implements the general commercial (GC), regional commerc…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
115.63 ac
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 Kerman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kerman 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
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$800,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$96 / 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
$5,625
Tax year 2023
Assessed value
$490,063
Assessed 2023
Previous assessed
$490,063
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$124,062
Assessed improvement
$366,001
Applied tax rate
13.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Stories
2
Units
19
Total area
5,454 SF
Lot
0.29 ac (12,500 SF)
Zoning code
CG
APN
023-215-12S
UPID
US09-1951052
Jurisdiction
FRESNO
Zoning & alternative use
CG · Kerman, CAZoning CG · permitted uses
CG · Kerman, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CG - General Commercial Zone. The purpose of the general commercial (CG) zone is to provide areas of the city that allow a wide range of commercial and office uses which are diverse, visually pleasing, convenient in terms of parking and access, attractive, and used by citizens and visitors. The CG zone implements the general commercial (GC), regional commercial (RC), and office (O) land use designations in the general plan. B.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
115.63 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$800,000
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
1990
Construction
WOOD
Heating
NONE
Stories
2
Units
19
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ambika Investments LLC
Entity
Free & Clear · 16 yrs held
Mailing address
990 S MADERA AVE, KERMAN, CA 93630-1743
Ownership since
2010
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
May 6, 2010
$391,000
Ambika Investments LLC
Patel,pravinbhai R & Nimuben P
Grant Deed
—
Mar 15, 2010
$395,000
Ambika Investments LLC
Patel,pravinbhai & Nimuben
Quit Claim Deed
related
—
Apr 22, 1994
$210,000
Patel,pravinbhai R & Nimuben P
Patel,mahendra B
Trustees Deed
related
—
Apr 22, 1994
$182,500
Patel,pravinbhai R & Nimuben P
Patel,bhagubhai
Trustees Deed
related
$167,453 · Seller
Mar 27, 1990
$166,783
Mahendra B Patel
Unknown
Grant Deed
—
May 16, 1984
$129,000
—
—
Grant Deed
related
—
—
—
Pravinbhai R Patel
—
Deed Of Trust
related
$434,500 · Heritage Bank Of Commerce
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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