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Property profile & analytics
OFF-MARKET
Estimated value
$16,435,000
Apartment buildings
150 Belmont St Delano, CA 93215-3274
Individually Owned
20-yr Hold
Property ID
US09-2829504
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2007
Construction
WOOD
Total area
80,178 SF
Lot
4.65 ac (202,554 SF)
Zoning code
R-3
APN
422-100-03-00-4
UPID
US09-2829504
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
-
Wendy’s aguachile Food Processing Plant
-
Belmont Meadows Apartment Building
-
Adriana M Alvarado Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.21M
Comparable Approach
Comparable
$16.10M
Blend (final)
Blend
$16.44M
Owner & transaction history
Belmont Meadows Of Delano · 20 yrs held
Belmont Meadows Of Delano
since 2005
3 recorded transactions
Zoning & alternative use
R-3 · Delano, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.9M
+108.0%
Medical building
$16.9M
+41.4%
Office building
$15.5M
+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%
$15,395,000
6.5%
$14,210,000
7%
$13,195,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,950,000
Current use
RESTAURANT
$24,860,000
Change: +108% · Conversion: Difficult
MEDICAL BUILDING
$16,900,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$15,530,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,125,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,180,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$10,145,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$16.44M
Range $14.79M – $18.08M · ±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
$205 / 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
$9,546
Tax year 2023
Assessed value
$15,400,387
Assessed 2023
Previous assessed
$15,400,387
+0.0% YoY
Effective rate
0.06%
On assessed value
Assessed land
$591,077
Assessed improvement
$14,809,310
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
2007
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
70
Total area
80,178 SF
Lot
4.65 ac (202,554 SF)
Zoning code
R-3
APN
422-100-03-00-4
UPID
US09-2829504
Jurisdiction
KERN
Zoning & alternative use
R-3 · Delano, CA
Zoning R-3 · permitted uses
R-3 · Delano, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delano. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.0M
RESTAURANT
Est. value
$24.9M
MEDICAL BUILDING
Est. value
$16.9M
OFFICE BUILDING
Est. value
$15.5M
AUTO REPAIR, GARAGE
Est. value
$11.1M
INDUSTRIAL (GENERAL)
Est. value
$10.2M
RETAIL STORES
Est. value
$10.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
70
Lot
4.65 ac
Current owner
From public records · entity-resolved
Belmont Meadows Of Delano
Individual
Mailing address
3590 ELM AVE, LONG BEACH, CA 90807-3903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2024
—
Belmont Meadows Of Delano LP
—
Deed
related
$500,000,000 · Cbre Capital Markets INC
Sep 28, 2005
—
Belmont Meadows Of Delano
Lyons,charles J JR
Grant Deed
related
—
Jul 15, 1992
$90,000
Ronald L Oakes
Edgewood,rosamon
Grant Deed
$89,950 · Directors Mortgage Loan Corp
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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