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Property profile & analytics
OFF-MARKET
Estimated value
$7,140,000
Apartment buildings
1025 Gilbert St Hemet, CA 92543-7090
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2635391
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1987
Construction
WOOD
Total area
10,624 SF
Lot
5.47 ac (238,273 SF)
Zoning code
R2
APN
446-273-006
UPID
US09-2635391
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
-
Onlinesigns (Bike/Boat/Book/etc) Store Printing Service
-
evRIA New Diamond Valley Apartment Homes Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.19M
Blend (final)
Blend
$7.14M
Owner & transaction history
Evria LLC · 4 yrs held
Evria LLC
since 2021
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
R2 · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.9M
+189.3%
Neighborhood: shopping center
$9.1M
+143.3%
Restaurant
$6.6M
+75.4%
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 Hemet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hemet 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
$7,790,000
ML approach
$7,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,875,000
Change: +189% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$9,145,000
Change: +143% · Conversion: Difficult
RESTAURANT
$6,595,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,585,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$7.14M
Range $6.43M – $7.85M · ±10% · vs last sale $6.70M (Aug 12 2021)
Last sale anchor
$6.70M
Aug 12 2021
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
$672 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$272,792
Tax year 2024
Assessed value
$23,930,614
Assessed 2024
Previous assessed
$23,930,614
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$8,323,200
Assessed improvement
$15,607,414
Applied tax rate
6.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
14
Total area
10,624 SF
Lot
5.47 ac (238,273 SF)
Zoning code
R2
APN
446-273-006
UPID
US09-2635391
Jurisdiction
RIVERSIDE
Zoning & alternative use
R2 · Hemet, CA
Zoning R2 · permitted uses
R2 · Hemet, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hemet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.1M
RESTAURANT
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$4.6M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1987
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
14
Lot
5.47 ac
Current owner
From public records · entity-resolved
Evria LLC
Entity
Mailing address
1025 S GILBERT ST, HEMET, CA 92543-7090
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
$6,704,000
Evria LLC
Fpa6 Royal Gardens LLC
Grant Deed
—
Sep 10, 2020
—
Fpa6 Royal Gardens LLC
—
Deed
related
$4,671,000 · Berkadia Commercial Mortgage LLC
Aug 1, 2018
$15,050,000
Fpa6 Royal Gardens LLC
Rg Apartments Hemet LP
Grant Deed
$11,625,000 · Berkadia Commercial Mortgage LLC
May 31, 2013
—
Rg Apartments Hemet LP
Rg Apartments Hemet LLC
Quit Claim Deed
$6,000,000 · M & T Realty Capital Corp
Dec 30, 2002
—
Rg Apartments Hemet LLC
Aimco Royal Gardens LP
Grant Deed
related
—
Oct 21, 1998
$1,289,000
Aimco Royal Gardens LP
Bic Royal Gardens LP
Grant Deed
—
Jan 5, 1996
$1,850,000
Federal National Mortgage Assn
Calde Investment Co
Trustees Deed
related
—
Jun 1, 1989
$96,500
Gert Fitzpatrick
Holland Philip C
Quit Claim Deed
related
$96,607
Jun 1, 1989
$114,681
Adelson Bendict
Holland Philip C
Trustees Deed
—
Nov 1, 1988
$5,840,000
Calde Inv Co
Unknown
Grant Deed
—
Jul 1, 1988
$939,000
Catalina Propert
Transwest Escrow
Grant Deed
related
—
—
—
Royal Gardens Ap
—
Deed Of Trust
related
$515,325 · Hansen T Robert
—
—
Rg Apartments Hemet LLC
—
Deed Of Trust
related
$6,000,000 · M & T Realty Capital Corp
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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