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Property profile & analytics
OFF-MARKET
Estimated value
$4,625,000
Apartment buildings
11200 Chamberlaine Way Adelanto, CA 92301-3038
Entity Owned
3-yr Hold
Property ID
US10-1543844
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD FRAME
Total area
39,069 SF
Lot
4.08 ac (177,725 SF)
APN
0459-611-10-0000
UPID
US10-1543844
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
by Request
CAP Approach
CAP
$5.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.63M
Owner & transaction history
Magic Mart LLC · 3 yrs held
Magic Mart LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Adelanto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adelanto 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%
$5,765,000
6.5%
$5,320,000
7%
$4,940,000
Blend value · Realmo final
$4.63M
Range $4.16M – $5.09M · ±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
$118 / 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
$40,492
Tax year 2023
Assessed value
$3,641,842
Assessed 2024
Previous assessed
$3,570,433
+2.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$196,856
Assessed improvement
$3,444,986
Applied tax rate
14.0000
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
1984
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
48
Total area
39,069 SF
Lot
4.08 ac (177,725 SF)
APN
0459-611-10-0000
UPID
US10-1543844
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
48
Lot
4.08 ac
Current owner
From public records · entity-resolved
Magic Mart LLC
Entity
Mailing address
17817 MARYGOLD AVE, BLOOMINGTON, CA 92316-1919
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
Magic Mart LLC
—
Deed
related
$5,427,000 · Cbre Capital Markets INC
Nov 4, 2022
—
Magic Mart LLC
Francisco Juarez Solares
Grant Deed
$4,304,000 · Cbre Capital Markets INC
Jun 26, 2019
$3,330,000
Francisco J Solares
Bbk Pacific LLC
Grant Deed
$2,640,000 · Cbre Cap Markets
Feb 2, 2007
—
Bbk Pacific LLC
Bretty M Cyprus
Grant Deed
$2,275,000 · Fidelity Bancorp Funding INC
Feb 11, 2005
$1,200,000
Brett M Cyprus
Mgrdichian Jasmine Trust
Grant Deed
$900,000 · Mgrdichian Jasmine Trust 006329
Feb 11, 2005
—
Brett M Cyprus
Cyprus,jane
Quit Claim Deed
related
—
May 20, 1992
—
John Mgrdichian
—
Deed Of Trust
related
—
—
—
Brett M Cyprus
—
Deed Of Trust
related
$500,000 · East End Properties 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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