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Property profile & analytics
OFF-MARKET
Estimated value
$7,665,000
Apartment buildings
15946 Gtwy Blvd Kerman, CA 93630-1394
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-3615641
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2021
Construction
WOOD
Total area
65,017 SF
Lot
4.38 ac (190,792 SF)
Zoning code
R2
APN
023-700-04S
UPID
US09-3615641
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
-
Gateway Villas Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$7.67M
Owner & transaction history
Wp Gateway Villas Apartments LP · 6 yrs held
Wp Gateway Villas Apartments LP
since 2019
7 recorded transactions
Zoning & alternative use
R2 · Kerman, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.7M
+53.4%
Office building
$11.0M
+33.2%
Auto repair, garage
$9.5M
+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)
$8,270,000
Current use
MEDICAL BUILDING
$12,685,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$11,015,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,545,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$7,000,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,925,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$7.67M
Range $6.90M – $8.43M · ±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
$118 / 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
$510
Tax year 2023
Assessed value
$10,557,042
Assessed 2023
Previous assessed
$10,557,042
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,377,042
Assessed improvement
$9,180,000
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
2021
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
61
Total area
65,017 SF
Lot
4.38 ac (190,792 SF)
Zoning code
R2
APN
023-700-04S
UPID
US09-3615641
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
$8.3M
MEDICAL BUILDING
Est. value
$12.7M
OFFICE BUILDING
Est. value
$11.0M
AUTO REPAIR, GARAGE
Est. value
$9.5M
RETAIL STORES
Est. value
$7.0M
INDUSTRIAL (GENERAL)
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
2021
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
61
Lot
4.38 ac
Current owner
From public records · entity-resolved
Wp Gateway Villas Apartments LP
Entity
Mailing address
310 N WESTLAKE BLVD STE #210, WESTLAKE VILLAGE, CA 91362-7058
Ownership since
2019
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 21, 2022
—
Wp Gateway Villas Apartments LP
—
Deed
related
$3,150,000 · Bonneville Mortgage Co
Nov 25, 2019
$1,310,000
Wp Gateway Villas Apartments LP
Central Valley Coalition For Affd H
Grant Deed
$11,900,000 · Mechanics Bank
Nov 13, 2019
—
Central Vly Coalition For Affo
City Of Kerman
Quit Claim Deed
—
Feb 22, 2019
—
City Of Kerman
Valley Vanguard Props
Quit Claim Deed
—
Dec 14, 2018
$490,000
Valley Vanguard Properties INC
Sa Group Properties INC
Grant Deed
—
Apr 29, 2014
$250,000
Sa Group Properties INC
First American Title Ins
Trustees Deed
related
—
Apr 1, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
$2,970,000 · Covington Property Holdings LP
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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