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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Flex space
140 Ridgecrest Blvd Ridgecrest, CA 93555-4045
Trust Owned
8-yr Hold
Free & Clear
Property ID
US09-1512380
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1992
Construction
WOOD
Total area
6,742 SF
Lot
0.45 ac (19,602 SF)
Zoning code
G-C
APN
067-140-55-00-8
UPID
US09-1512380
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
-
Paul & Sons Automotive & Mobile Audio Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$675k
Owner & transaction history
Business Michael M Trust · 8 yrs held
Business Michael M Trust
since 2017
7 recorded transactions
Zoning & alternative use
G-C · Ridgecrest, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.0M
+17.4%
Auto repair, garage
$935,000
+9.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$855,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,005,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$935,000
Change: +9% · Conversion: Easy
RETAIL STORES
$850,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$100 / 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
$3,349
Tax year 2023
Assessed value
$273,408
Assessed 2023
Previous assessed
$273,408
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$120,299
Assessed improvement
$153,109
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
YES
Cooling
YES
Total area
6,742 SF
Lot
0.45 ac (19,602 SF)
Zoning code
G-C
APN
067-140-55-00-8
UPID
US09-1512380
Jurisdiction
KERN
Zoning & alternative use
G-C · Ridgecrest, CA
Zoning G-C · permitted uses
G-C · 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
INDUSTRIAL (GENERAL) Current
Est. value
$855,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$935,000
RETAIL STORES
Est. value
$850,000
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1992
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
0.45 ac
Current owner
From public records · entity-resolved
Business Michael M Trust
Trust
Free & Clear · 8 yrs held
Mailing address
317 W INYOKERN RD, RIDGECREST, CA 93555-2504
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2017
$300,000
Business Michael M Trust
Farris,frederick P & Susan E
Grant Deed
—
Oct 9, 2017
—
Michael Mcgee Business Trust
—
Deed
related
$1,000,000 · Bank Of America
Jun 27, 1996
$345,000
Farris,frederick P & Susan E
Monument National Bank
Trustees Deed
—
Sep 21, 1995
$132,607
Monument National Bank
Marani,albert L
Trustees Deed
related
—
Feb 4, 1991
$142,500
Albert L Marani
Fox,j Elliott
Grant Deed
$142,500 · Seller
—
—
Frederick P Farris
—
Deed Of Trust
related
$40,000 · Monument National Bank
—
—
Albert L Marani
—
Deed Of Trust
related
$50,000 · Monument National Bank
—
—
Michael Mcgee Business Trust
—
Deed Of Trust
related
$1,000,000 · Bank Of America
—
—
Frederick P Farris
—
Deed Of Trust
related
$285,000 · Monument 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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