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Property profile & analytics
OFF-MARKET
Estimated value
$5,735,000
Apartment buildings
1300 5th Ave, Delano, CA 93215-3667
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-2012632
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD
Total area
41,590 SF
Lot
2.54 ac (110,642 SF)
APN
424-030-08-00-3
UPID
US09-2012632
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
-
Park Place Apartments Apartment Complex Apartment Building
-
Used Transmission and Engine Depot Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.37M
Comparable Approach
Comparable
$5.41M
Blend (final)
Blend
$5.74M
Owner & transaction history
Sarjit S Malli · 4 yrs held
Sarjit S Malli
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.8M
+41.4%
Office building
$8.1M
+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%
$7,985,000
6.5%
$7,370,000
7%
$6,845,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,200,000
Current use
MEDICAL BUILDING
$8,765,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$8,055,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,770,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,280,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$5,260,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$5.74M
Range $5.16M – $6.31M · ±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
$138 / 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
$46,387
Tax year 2023
Assessed value
$3,251,013
Assessed 2023
Previous assessed
$3,251,013
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$368,253
Assessed improvement
$2,882,760
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
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
76
Total area
41,590 SF
Lot
2.54 ac (110,642 SF)
APN
424-030-08-00-3
UPID
US09-2012632
Jurisdiction
KERN
Zoning & alternative use
Zoning · permitted uses
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
$6.2M
MEDICAL BUILDING
Est. value
$8.8M
OFFICE BUILDING
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$5.8M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
RETAIL STORES
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
76
Lot
2.54 ac
Current owner
From public records · entity-resolved
Sarjit S Malli
Individual
Free & Clear · 4 yrs held
Mailing address
9201 AVE 272, VISALIA, CA 93277-9421
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
Jan 11, 2022
—
Sarjit S Malli
Skm Enterprises LLC
Grant Deed
—
May 7, 2013
—
Kaleka 2006 Family Trust
Kaleka,kuldip S & Charanjit K
Quit Claim Deed
related
—
Aug 31, 2007
—
Skm Ents LLC
Malli Family Trust
Grant Deed
—
Dec 2, 2003
—
Sarjit S Malli
Malli,sarjit & Rupinder
Quit Claim Deed
related
—
Sep 30, 2003
—
Gurdial S Sandhu
Web Service Co INC
Quit Claim Deed
related
—
Sep 18, 2003
—
Rajinder K Sandhu
—
Deed Of Trust
related
$1,900,000 · Washington Mutual Fsb
Nov 16, 1994
—
Malli Trust
Malli,sarjit & Rupinder
Quit Claim Deed
related
—
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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