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Property profile & analytics
OFF-MARKET
Estimated value
$2,165,000
Apartment buildings
15978 Muni Rd Apple Valley, CA 92307-7839
Entity Owned
5-yr Hold
Property ID
US10-1546475
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD FRAME
Total area
9,884 SF
Lot
0.65 ac (28,098 SF)
APN
0473-403-06-0000
UPID
US10-1546475
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
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$2.17M
Owner & transaction history
Muni Inv LLC · 5 yrs held
Muni Inv LLC
since 2020
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.0M
+41.1%
Medical building
$2.9M
+34.1%
Neighborhood: shopping center
$2.7M
+24.8%
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 Apple Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apple Valley 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%
$1,460,000
6.5%
$1,345,000
7%
$1,250,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,130,000
Current use
AUTO REPAIR, GARAGE
$3,010,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$2,860,000
Change: +34% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,660,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,625,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±10% · vs last sale $2.25M (Aug 10 2020)
Last sale anchor
$2.25M
Aug 10 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
$219 / 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
$10,449
Tax year 2023
Assessed value
$863,292
Assessed 2024
Previous assessed
$846,365
+2.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$98,692
Assessed improvement
$764,600
Applied tax rate
21.0000
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
1990
Construction
WOOD FRAME
Heating
NONE
Units
7
Total area
9,884 SF
Lot
0.65 ac (28,098 SF)
APN
0473-403-06-0000
UPID
US10-1546475
Jurisdiction
SAN BERNARDINO
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
$2.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (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
1990
Construction
WOOD FRAME
Heating
NONE
Units
7
Lot
0.65 ac
Current owner
From public records · entity-resolved
Muni Inv LLC
Entity
Mailing address
4233 CARTESIAN CIR, PALOS VERDES PENINSULA, CA 90274-3936
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2020
—
Muni Inv LLC
—
Deed
related
$1,350,000 · Greystone Svcg
Aug 10, 2020
$2,250,000
Muni Inv LLC
Vota LLC
Grant Deed
$1,350,000 · Greystone Servicing Compnay LLC
Dec 10, 2001
—
Jerry D Harvey
Harvey,jerry D Etal
Quit Claim Deed
related
—
Jun 4, 2001
—
Pilary USA
Pilary,n V
Quit Claim Deed
related
—
Jun 4, 2001
$1,029,000
Harvey Trust
Pilary USA INC
Grant Deed
$625,000 · Jackson Federal Bank
Aug 6, 1992
—
Corporati Pilary
—
Deed Of Trust
related
—
Jul 1, 1992
—
Corporati Pilary
—
Deed Of Trust
related
—
Apr 25, 1988
$37,500
Gilbert Rosas
Irvin
Grant Deed
—
—
—
Gilbert Rosas
—
Deed Of Trust
related
—
—
—
Muni Inv LLC
—
Deed Of Trust
related
$1,350,000 · Greystone Svcg
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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