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    11798 White Ave Adelanto, CA 92301-1558
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    Property profile & analytics

    11798 White Ave, Adelanto, CA 92301-1558

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    • Apartment buildings
    • 5,290 SF
    • 0.41 lot acres
    Off-Market
    Last Sale Dec 10, 2021
    $965,000
    Property ID
    US10-1546481
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    3.6%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 11798 White Ave

    Year built
    1980
    Construction
    WOOD FRAME
    Lot size
    0.41 lot acres
    Property type
    Apartment buildings
    APN
    0459-151-40-0000
    APU
    459151400000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 10, 2021 $965,000 Sarabjit S Lambsar Renova Properties LLC Grant Deed $676k · Credit Union Of Southern California
    Dec 10, 2021 — Sarabjit S Lambsar Navneet K Lambsar Intrafamily Transfer · related —
    May 14, 2020 — Renova Properties LLC — Deed Of Trust · related $300k · Homequity Funding Corporation 401k Plan Homequity Funding Corporation 401k Plan
    Apr 24, 2019 — White Star Capital LLC — Deed · related $225k · Bruno Molinarolo
    Jul 30, 2018 — Renova Properties LLC — Deed · related $1.2M · Molinarolo Bruno Trust (pt)
    Aug 4, 2017 $750,000 Renova Properties LLC Ozel Developing INC Grant Deed $327k · Homequity Fndg 401k P/tr (ct)
    Apr 27, 2015 $425,000 Ozel Developing INC|griffin,john & Thor City Natl Bk Grant Deed —
    Dec 15, 2014 $414,000 City Natl Bk Td Service Co|carlson Family Trust Trustees Deed · related —
    Apr 30, 2013 — Ere Group LLC Ere Group LLC Quit Claim Deed · related —
    Jan 23, 2013 — Ere Group LLC Carlson Family Trust Grant Deed —
    May 5, 2005 — Carlson Family Trust Carlson,cray & Lisa B Quit Claim Deed · related $584k · Imperial Capital Bank
    Nov 12, 2003 — Cray Carlson Orosi Co LLC Grant Deed $396k · Imperial Capital Bank
    Nov 17, 1999 $195,000 Orosi Co LLC 11798 White LLC Grant Deed $168k · Seller
    Feb 14, 1997 $95,000 First National Bank Chicago American Pacific Fund Xi Trustees Deed · related —
    Oct 12, 1995 $11,000 Rodrigo Arellano American Pacific Fin'l Corp Grant Deed · related $6k · Seller
    — — Carlson Family Trust — Deed Of Trust · related $584k · City National Bank
    — — Orosi Co LLC — Deed Of Trust · related $225k · Sun Country Bank
    — — White Star Capital LLC — Deed Of Trust · related $225k · Bruno Molinarolo
    — — Renova Properties LLC — Deed Of Trust · related $1.2M · Molinarolo Bruno Trust (pt)
    — — American Pacific — Deed Of Trust · related $20k · Crowder Herbert

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,295,000
      ML approach
      $1,295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $780,000
      6.5%
      $720,000
      7%
      $670,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,130,000
      Current use
      MEDICAL BUILDING
      $1,530,000
      Change: +36% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $1,425,000
      Change: +26% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,350,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,250,000
      Change: +11% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Adelanto
    County
    San Bernardino
    State
    California
    Longitude
    -117.408
    Latitude
    34.5852
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,195
    $83,232
    $920,754
    $1,003,986
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,930,000
      34,320 SF

      18125 Bellflower St

      APARTMENT HOUSE (5+ UNITS)
      18125 Bellflower St, Adelanto, CA 92301-1884
      View Details
    • Value Estimation by Request
      3,824 SF

      12069 Chamberlaine Way

      APARTMENT HOUSE (5+ UNITS)
      12069 Chamberlaine Way, Adelanto, CA 92301-2803
      View Details
    • Value Estimation
      $885,000
      9,566 SF

      11951 Chamberlaine Way

      APARTMENT HOUSE (5+ UNITS)
      11951 Chamberlaine Way, Adelanto, CA 92301-2851
      View Details
    • Value Estimation
      $1,495,000
      17,680 SF

      11210 Chamberlaine Way

      APARTMENT HOUSE (5+ UNITS)
      11210 Chamberlaine Way, Adelanto, CA 92301-7023
      View Details
    • Value Estimation by Request
      4,320 SF

      18164 Jonathan St

      APARTMENT HOUSE (5+ UNITS)
      18164 Jonathan St, Adelanto, CA 92301-1643
      View Details
    • Value Estimation
      $2,415,000
      28,728 SF

      18488 Montezuma St

      APARTMENT HOUSE (5+ UNITS)
      18488 Montezuma St, Adelanto, CA 92301-1821
      View Details

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    Adelanto, CA 92301-1558
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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