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Property profile & analytics
OFF-MARKET
Estimated value
$9,045,000
Apartment buildings
15649 California Ave Kerman, CA 93630-7611
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-3135429
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Construction
WOOD
Total area
82,656 SF
Lot
6.65 ac (289,674 SF)
Zoning code
R2
APN
023-660-43S
UPID
US09-3135429
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
-
Quail Run Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.05M
Owner & transaction history
Marjohn LLC · 19 yrs held
Marjohn LLC
since 2006
2 recorded transactions
Zoning & alternative use
R2 · Kerman, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.0M
+33.2%
Auto repair, garage
$12.1M
+15.4%
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 Kerman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kerman 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
APARTMENT HOUSE (5+ UNITS)
$10,510,000
Current use
OFFICE BUILDING
$14,005,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,135,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$8,895,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,805,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$9.05M
Range $8.14M – $9.95M · ±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
$109 / 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
$97,315
Tax year 2023
Assessed value
$8,400,000
Assessed 2023
Previous assessed
$8,400,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,765,000
Assessed improvement
$6,635,000
Applied tax rate
13.0000
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
2006
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
80
Bathrooms
2
Total area
82,656 SF
Lot
6.65 ac (289,674 SF)
Zoning code
R2
APN
023-660-43S
UPID
US09-3135429
Jurisdiction
FRESNO
Zoning & alternative use
R2 · Kerman, CAZoning R2 · permitted uses
R2 · Kerman, CA
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
$10.5M
OFFICE BUILDING
Est. value
$14.0M
AUTO REPAIR, GARAGE
Est. value
$12.1M
RETAIL STORES
Est. value
$8.9M
INDUSTRIAL (GENERAL)
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (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
2006
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
80
Bathrooms
2
Lot
6.65 ac
Current owner
From public records · entity-resolved
Marjohn LLC
Entity
Mailing address
6521 CORDOBA RD STE #2, GOLETA, CA 93117-4867
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2006
—
Marjohn LLC
Warkentin,john H & Marjolein G
Quit Claim Deed
$7,800,000 · Wells Fargo Bank NA
Nov 1, 2004
—
Owner Name Unavailable
Owner Name Unavailable
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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