Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Apartment buildings
11489 Garzoli Ave Delano, CA 93215
Entity Owned
4-yr Hold
Property ID
US09-3241493
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1996
Construction
WOOD
Total area
4,632 SF
Lot
3.36 ac (146,361 SF)
Zoning code
CH
APN
521-070-12-00-4
UPID
US09-3241493
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
$820k
Comparable Approach
Comparable
$930k
Blend (final)
Blend
$950k
Owner & transaction history
O R E Rental Properties LLC · 4 yrs held
O R E Rental Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
CH · Delano, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$975,000
+41.4%
Office building
$895,000
+30.0%
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 Delano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delano 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%
$890,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$690,000
Current use
MEDICAL BUILDING
$975,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$895,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$645,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$585,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$205 / 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
$10,791
Tax year 2023
Assessed value
$900,000
Assessed 2023
Previous assessed
$900,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$475,000
Assessed improvement
$425,000
Applied tax rate
2.0000
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
1996
Construction
WOOD
Heating
GAS
Cooling
YES
Stories
1
Units
5
Bathrooms
7
Total area
4,632 SF
Lot
3.36 ac (146,361 SF)
Zoning code
CH
APN
521-070-12-00-4
UPID
US09-3241493
Jurisdiction
KERN
Zoning & alternative use
CH · Delano, CAZoning CH · permitted uses
CH · Delano, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$690,000
MEDICAL BUILDING
Est. value
$975,000
OFFICE BUILDING
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$645,000
RETAIL STORES
Est. value
$585,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1996
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
1
Units
5
Bathrooms
7
Lot
3.36 ac
Current owner
From public records · entity-resolved
O R E Rental Properties LLC
Entity
Mailing address
PO BOX 12487, BAKERSFIELD, CA 93389-2487
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
—
O R E Rental Properties LLC
Olimpo M Gonzalez JR
Quit Claim Deed
related
—
Feb 26, 2014
—
Olimpo M Gonzalez JR.
Gonzalez,olimpo & Luz M
Quit Claim Deed
related
—
Apr 11, 2013
—
Olimpo Gonzalez
Gonzalez,olimpo M JR
Quit Claim Deed
related
—
Aug 17, 2007
—
Olimpo M Gonzalez JR.
Gonzalez,ana L M
Quit Claim Deed
related
$290,000 · Hunter Family Trust
Aug 10, 2007
—
Olimpo M Gonzalez JR.
Pulido,j Cruz & Patricia
Grant Deed
—
—
—
J Cruz Pulido
—
Deed Of Trust
related
$168,000 · E W Nick Fuller
—
—
Pulido J C
—
Deed Of Trust
related
$130,000 · Kaweah National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11489 Garzoli Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
