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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Apartment buildings
1409 Howard Rd Madera, CA 93637-5137
Trust Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7398547
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
8,554 SF
Lot
0.34 ac (14,810 SF)
APN
009-087-007-000
UPID
US09-7398547
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
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$925k
Owner & transaction history
Raine Family Trust · 5 yrs held
Raine Family Trust
since 2020
Last sale
$695,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+17.8%
Industrial (general)
$1.3M
+8.5%
Office building
$1.3M
+5.0%
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 Madera submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madera 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
$1,005,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,225,000
Current use
RESTAURANT
$1,445,000
Change: +18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,330,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$1,285,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,215,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $695k (Sep 18 2020)
Last sale anchor
$695k
Sep 18 2020
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
$108 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,436
Tax year 2024
Assessed value
$797,947
Assessed 2024
Previous assessed
$797,947
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$51,199
Assessed improvement
$746,748
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
1964
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
CENTRAL
Units
1
Bathrooms
1
Total area
8,554 SF
Lot
0.34 ac (14,810 SF)
APN
009-087-007-000
UPID
US09-7398547
Jurisdiction
MADERA
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
$1.2M
RESTAURANT
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1964
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Units
1
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Raine Family Trust
Trust
Mailing address
4 PINTO RD, ROLLING HILLS, CA 90274-5013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2020
—
Raine Family Trust
Charles Raine
Quit Claim Deed
related
—
Nov 10, 2016
$695,000
Charles Raine
Rangel Family Trust
Grant Deed
—
Nov 10, 2016
—
Manuel A Rangel
Rangel,lucia G
Affidavit Of Death
related
—
Jul 15, 2009
$475,000
Rangel Family Trust
Canaan Place
Grant Deed
—
Jun 11, 2004
$745,000
Place Canaan
Postigo,robert L
Grant Deed
$347,000 · Jackson Federal Bank
Jun 24, 2002
$350,000
Robert Postigo
Nassar Trust
Grant Deed
$221,500 · Community Bank Central Ca
Jun 24, 2002
—
Robert L Postigo
Martin-postigo,susan
Quit Claim Deed
related
—
Oct 1, 1996
—
Nassar Trust
Nassar,theodore R & Aida
Quit Claim Deed
related
—
Aug 31, 1990
$330,000
Theodore Nassar
Isaac,solomon H
Grant Deed
—
Oct 13, 1989
—
Solomon H Isaac
Polyakova,asya
Quit Claim Deed
related
$230,000 · Osborne John E
Oct 13, 1989
$350,000
Isaac,solomon H
Osborne,john E
Trustees Deed
—
—
—
Place Canaan
—
Deed Of Trust
related
$75,000 · Merel & Cheryly Heggelund
—
—
Place Canaan
—
Deed Of Trust
related
$430,000 · Union Bank Of California
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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