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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Warehouses
1241 Inyokern Rd Ridgecrest, CA 93555-2356
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-2705275
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1985
Construction
WOOD
Total area
3,876 SF
Lot
1.73 ac (75,358 SF)
Zoning code
M-2
APN
453-031-02-00-4
UPID
US09-2705275
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
-
United Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$765k
Owner & transaction history
Bradley John Thomas · 4 yrs held
Bradley John Thomas
since 2021
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
M-2 · Ridgecrest, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$815,000
+84.3%
Office building
$750,000
+69.4%
Auto repair, garage
$540,000
+21.3%
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 Ridgecrest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgecrest 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
$875,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$830,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$815,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$540,000
Change: +21% · Conversion: Easy
RETAIL STORES
$490,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$460,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $700k (Jul 28 2021)
Last sale anchor
$700k
Jul 28 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
$197 / 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
$10,462
Tax year 2023
Assessed value
$774,000
Assessed 2023
Previous assessed
$774,000
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$230,520
Assessed improvement
$543,480
Applied tax rate
10.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
3,876 SF
Lot
1.73 ac (75,358 SF)
Zoning code
M-2
APN
453-031-02-00-4
UPID
US09-2705275
Jurisdiction
KERN
Zoning & alternative use
M-2 · Ridgecrest, CA
Zoning M-2 · permitted uses
M-2 · Ridgecrest, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgecrest. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$815,000
OFFICE BUILDING
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$540,000
RETAIL STORES
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$460,000
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1985
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
Bradley John Thomas
Individual
Free & Clear · 4 yrs held
Mailing address
2517 RUETTE NICOLE, LA JOLLA, CA 92037-2009
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2021
$700,000
Bradley John Thomas
Lloyd H Wells
Grant Deed
—
Feb 27, 1997
—
Us Rentals INC
Usr Holdings INC
Grant Deed
related
—
Jul 2, 1993
—
Us Rentals INC
Pearson,donald &
Quit Claim Deed
related
—
Jun 25, 1993
$250,000
U S Rentals INC
Pearson,donald &
Grant Deed
—
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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