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Property profile & analytics
OFF-MARKET
Estimated value
$15,025,000
Warehouses
1601 Inyo St Ridgecrest, CA 93555-2464
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-3161749
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
WOOD
Total area
86,046 SF
Lot
12.68 ac (552,340 SF)
Zoning code
M1
APN
453-032-14-00-6
UPID
US10-3161749
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
-
Ridgecrest Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.80M
Comparable Approach
Comparable
$14.18M
Blend (final)
Blend
$15.03M
Owner & transaction history
Ridgecrest Self Storage LLC · 2 yrs held
Ridgecrest Self Storage LLC
since 2024
7 recorded transactions
Zoning & alternative use
M1 · Ridgecrest, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$18.1M
+84.3%
Office building
$16.7M
+69.4%
Apartment house (5+ units)
$12.8M
+30.3%
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 Ridgecrest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgecrest 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%
$21,445,000
6.5%
$19,795,000
7%
$18,380,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,840,000
Current use
MEDICAL BUILDING
$18,135,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$16,665,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,825,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,940,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$10,925,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$15.03M
Range $13.52M – $16.53M · ±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
$175 / 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
$51,398
Tax year 2023
Assessed value
$4,671,457
Assessed 2023
Previous assessed
$4,671,457
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$294,745
Assessed improvement
$4,376,712
Applied tax rate
10.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
435
Total area
86,046 SF
Lot
12.68 ac (552,340 SF)
Zoning code
M1
APN
453-032-14-00-6
UPID
US10-3161749
Jurisdiction
KERN
Zoning & alternative use
M1 · Ridgecrest, CA
Zoning M1 · permitted uses
M1 · Ridgecrest, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgecrest. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.8M
MEDICAL BUILDING
Est. value
$18.1M
OFFICE BUILDING
Est. value
$16.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.8M
AUTO REPAIR, GARAGE
Est. value
$11.9M
INDUSTRIAL (GENERAL)
Est. value
$10.9M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2018
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
435
Lot
12.68 ac
Current owner
From public records · entity-resolved
Ridgecrest Self Storage LLC
Entity
Mailing address
770 MAYS BLVD UNIT #5445, INCLINE VILLAGE, NV 89450-8113
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
Ridgecrest Self Storage LLC
Christian J Demarais
Grant Deed
—
Mar 13, 2019
—
Demarais 2004 Family Trust
—
Deed
related
$692,000 · Mid St Dev
May 21, 2018
—
Demarais Family Trust
—
Trustees Deed
related
$674,649 · Mission Bk
Oct 19, 2017
—
Demarais Family Trust-2004 Trust
—
Trustees Deed
related
$3,219,500 · Mission Bk
Jun 11, 2007
—
Demarais Family 2004 Trust
Demarais,christian
Quit Claim Deed
related
—
Feb 7, 2006
—
Christian Demarais
—
Trustees Deed
related
$1,886,500 · First Community Bank
Sep 3, 2004
—
Christian Demarais
Demarais,stacy E
Quit Claim Deed
related
—
Sep 3, 2004
$220,000
Christian Demarais
Als Fund INC
Grant Deed
—
Sep 29, 1995
$85,000
Als Fund INC
Kolbo,john J
Trustees Deed
related
—
Sep 16, 1992
$242,340
John J Kolbo
Lapidus,alfred S
Trustees Deed
related
—
Feb 23, 1990
$95,000
Moe Richard G
Rodgers,charlie
Grant Deed
related
—
—
—
Demarais 2004 Family Trust
—
Deed Of Trust
related
$2,254,500 · Mission Bk
—
—
Demarais 2004 Family Trust
—
Deed Of Trust
related
$692,000 · Mid St Dev
—
—
Demarais Family 2004 Trust
—
Deed Of Trust
related
$1,400,000 · Affinity Bank
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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