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Property profile & analytics
OFF-MARKET
Estimated value
$1,835,000
Showrooms
Shafter, CA 93263
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-4658020
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2007
Construction
WOOD
Total area
9,600 SF
Lot
3.74 ac (162,914 SF)
Zoning code
M2
APN
090-340-40-00-2
UPID
US09-4658020
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
$1.63M
CAP Approach
CAP
$1.86M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.84M
Owner & transaction history
Tri Smith Legacy LLC · 3 yrs held
Tri Smith Legacy LLC
since 2023
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
M2 · Shafter, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Ordinance
Top alternative use upside
Medical building
$2.2M
+91.0%
Office building
$2.0M
+76.4%
Auto repair, garage
$1.5M
+33.0%
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 Shafter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shafter 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
$1,675,000
ML approach
$1,630,000
CAP Approach
CAP Return
Estimation
6%
$2,010,000
6.5%
$1,855,000
7%
$1,720,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,150,000
Current use
MEDICAL BUILDING
$2,195,000
Change: +91% · Conversion: Easy
OFFICE BUILDING
$2,025,000
Change: +76% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,530,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,465,000
Change: +28% · Conversion: Moderate
RETAIL STORES
$1,365,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.84M
Range $1.65M – $2.02M · ±10% · vs last sale $1.90M (Jun 16 2023)
Last sale anchor
$1.90M
Jun 16 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
$191 / 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
$17,907
Tax year 2023
Assessed value
$1,503,183
Assessed 2023
Previous assessed
$1,503,183
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$685,367
Assessed improvement
$817,816
Applied tax rate
114.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
YES
Stories
11
Total area
9,600 SF
Lot
3.74 ac (162,914 SF)
Zoning code
M2
APN
090-340-40-00-2
UPID
US09-4658020
Jurisdiction
KERN
Zoning & alternative use
M2 · Shafter, CAZoning M2 · permitted uses
M2 · Shafter, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
11
Lot
3.74 ac
Current owner
From public records · entity-resolved
Tri Smith Legacy LLC
Entity
Free & Clear · 3 yrs held
Mailing address
31194 SHELBY LN, SHAFTER, CA 93263-9633
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2023
—
Tri Smith Legacy LLC
Tri Smith Legacy LLC
Intrafamily Transfer
related
—
Aug 12, 2020
—
Tri-smith Legacy LLC
—
Deed
related
$1,009,000 · Mid St Dev
Jun 5, 2020
$1,900,000
Tri Smith Legacy LLC
Shafter Properties LLC
Grant Deed
$1,225,000 · Valley Republic Bank
—
—
Tri-smith Legacy LLC
—
Deed Of Trust
related
$1,009,000 · Mid St Dev
—
—
Tri-smith Legacy LLC
—
Deed Of Trust
related
$1,225,000 · Valley Republic Bk
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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