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Property profile & analytics
OFF-MARKET
Estimated value
$13,670,000
Apartment buildings
110 7th St Ramona, CA 92065-2074
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-9879984
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Total area
56,184 SF
Lot
2.4 ac (104,544 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
281-341-07-00
UPID
US09-9879984
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
-
Serenity’s Beauty bar Hair Salon
-
Terre at Vintage Apartments Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.30M
CAP Approach
CAP
$14.36M
Comparable Approach
Comparable
$8.54M
Blend (final)
Blend
$13.67M
Owner & transaction history
Mf Panda Nr Owner Ca LP · 4 yrs held
Mf Panda Nr Owner Ca LP
since 2021
Last sale
$13.7M
6 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Ramona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.5M
+21.3%
Office building
$20.3M
+14.5%
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 Ramona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ramona 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
$12,950,000
ML approach
$8,300,000
CAP Approach
CAP Return
Estimation
6%
$15,560,000
6.5%
$14,360,000
7%
$13,335,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,685,000
Current use
AUTO REPAIR, GARAGE
$21,450,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$20,260,000
Change: +15% · Conversion: Moderate
WAREHOUSE, STORAGE
$15,920,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$13.67M
Range $12.30M – $15.04M · ±10% · vs last sale $13.69M (Aug 26 2021)
Last sale anchor
$13.69M
Aug 26 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
$243 / 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
$233,288
Tax year 2024
Assessed value
$14,301,933
Assessed 2024
Previous assessed
$14,301,933
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$6,242,400
Assessed improvement
$8,059,533
Applied tax rate
65.0000
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 (5+ UNITS)
Status
Off-Market
Year built
1987
Heating
NONE
Units
68
Total area
56,184 SF
Lot
2.4 ac (104,544 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
281-341-07-00
UPID
US09-9879984
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Ramona, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Ramona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ramona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$17.7M
AUTO REPAIR, GARAGE
Est. value
$21.5M
OFFICE BUILDING
Est. value
$20.3M
WAREHOUSE, STORAGE
Est. value
$15.9M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
Heating
NONE
Units
68
Lot
2.4 ac
Current owner
From public records · entity-resolved
Mf Panda Nr Owner Ca LP
Entity
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
$13,687,500
Mf Panda Nr Owner Ca LP
646 Ramona Village LLC
Grant Deed
—
Aug 21, 2018
—
646 Ramona Village LLC
Prebys Conrad Trust
Quit Claim Deed
—
Feb 20, 2007
—
Prebys Conrad Trust
Owner,record
Grant Deed
—
Jul 16, 2002
—
Ramona Village
Zettel,david J Etal
Grant Deed
related
—
Jun 3, 2002
—
D Etal Zettel
Zettel,david J
Quit Claim Deed
related
—
—
—
Ramona Village LLC
—
Deed Of Trust
related
$2,000,000 · Pw Funding INC
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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