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Property profile & analytics
OFF-MARKET
Estimated value
$18,270,000
Apartment buildings
1801 Rimrock Rd Barstow, CA 92311-5745
Entity Owned
8-yr Hold
Property ID
US10-1543769
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1989
Construction
WOOD FRAME
Total area
115,000 SF
Lot
6.15 ac (267,894 SF)
APN
0181-941-67-0000
UPID
US10-1543769
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
-
WRKCMP Medical Group
-
Desert Heights Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.67M
Comparable Approach
Comparable
$15.50M
Blend (final)
Blend
$18.27M
Owner & transaction history
Desert Heights LP · 8 yrs held
Desert Heights LP
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$29.3M
+19.6%
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 Barstow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Barstow 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%
$16,970,000
6.5%
$15,665,000
7%
$14,545,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$24,510,000
Current use
WAREHOUSE, STORAGE
$29,310,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$18.27M
Range $16.44M – $20.10M · ±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
$159 / 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
$158,436
Tax year 2023
Assessed value
$14,294,208
Assessed 2024
Previous assessed
$14,013,930
+2.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,545,319
Assessed improvement
$12,748,889
Applied tax rate
9.0000
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 (100+ UNITS)
Status
Off-Market
Year built
1989
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
138
Rooms
6
Bathrooms
2
Total area
115,000 SF
Lot
6.15 ac (267,894 SF)
APN
0181-941-67-0000
UPID
US10-1543769
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
$24.5M
WAREHOUSE, STORAGE
Est. value
$29.3M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1989
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
138
Rooms
6
Bathrooms
2
Lot
6.15 ac
Current owner
From public records · entity-resolved
Desert Heights LP
Entity
Mailing address
1667 E LINCOLN AVE, ORANGE, CA 92865-1929
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2017
—
Desert Heights LP
Desert Heights LLC
Quit Claim Deed
related
$8,480,000 · Red Mortgage Capital INC
Nov 21, 2007
—
Desert Heights LLC
Rimrock Road Apartments LLC
Grant Deed
$9,000,000 · Mma Mortgage Investment Corp
Dec 21, 2004
—
Rimrock Road Apartments LLC
Rimrock Village
Quit Claim Deed
related
$24,960,000 · Wells Fargo Bank
Jun 24, 1998
$80,000
Lawrence Lucero
Oneal,johnny A & Dolores M
Grant Deed
$79,637 · Gmac Mortgage Corp
—
—
Rimrock Village
—
Deed Of Trust
related
$4,650,000 · United Fidelity 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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