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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Apartment buildings
16348 Sequoia St Hesperia, CA 92345-9607
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-1550534
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2008
Construction
WOOD FRAME
Total area
10,586 SF
Lot
0.7 ac (30,450 SF)
APN
0414-041-20-0000
UPID
US10-1550534
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
$2.12M
CAP Approach
CAP
$2.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Rim Properties LLC · 5 yrs held
Rim Properties LLC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+42.8%
Medical building
$3.1M
+35.7%
Neighborhood: shopping center
$2.9M
+26.3%
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 Hesperia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hesperia 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
$2,130,000
ML approach
$2,115,000
CAP Approach
CAP Return
Estimation
6%
$2,320,000
6.5%
$2,140,000
7%
$1,985,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,255,000
Current use
AUTO REPAIR, GARAGE
$3,225,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$3,065,000
Change: +36% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,850,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,475,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$2,350,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±10% · vs last sale $1.40M (Oct 6 2020)
Last sale anchor
$1.40M
Oct 6 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
$197 / 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
$16,252
Tax year 2023
Assessed value
$1,485,691
Assessed 2024
Previous assessed
$1,456,560
+2.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$106,121
Assessed improvement
$1,379,570
Applied tax rate
20.0000
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
2008
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
10
Total area
10,586 SF
Lot
0.7 ac (30,450 SF)
APN
0414-041-20-0000
UPID
US10-1550534
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
$2.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (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
2008
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
10
Lot
0.7 ac
Current owner
From public records · entity-resolved
Rim Properties LLC
Entity
Mailing address
15434 SEQUOIA ST, HESPERIA, CA 92345-1667
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
Oct 6, 2020
$1,400,000
Rim Properties LLC
Wgi INC
Grant Deed
—
Sep 11, 2017
$1,150,000
Wgi INC
Carey Family Trust
Grant Deed
—
Jun 25, 2015
—
Carey Family Trust
Desert Valley Investments LLC
Quit Claim Deed
—
Sep 25, 2007
—
Desert Valley Investments LLC
Wayne Carey
Grant Deed
$1,008,000 · Citizens Business Bank
Feb 20, 2007
$225,000
Carey Family Trust
Tad Dev INC
Grant Deed
—
Feb 20, 2007
—
Tad Dev INC
Devranos Family Trust
Grant Deed
—
Apr 26, 2006
—
Devranos Family Trust
Devranos Family Trust
Quit Claim Deed
related
—
Dec 1, 2004
—
Thomas A Devranos
Devranos,thomas A & Dorothy A
Quit Claim Deed
related
—
Nov 4, 2002
—
Thomas A Etal Devranos
Devranos,dorothy A
Quit Claim Deed
related
—
—
—
Desert Valley Investments LLC
—
Deed Of Trust
related
$546,000 · Citizens Business 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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