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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Apartment buildings
18150 Casaba Rd Adelanto, CA 92301-3071
Individually Owned
3-yr Hold
Property ID
US10-1553618
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1981
Construction
WOOD FRAME
Total area
5,445 SF
Lot
0.42 ac (18,495 SF)
APN
0459-315-14-0000
UPID
US10-1553618
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
$605k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$404k
Blend (final)
Blend
$565k
Owner & transaction history
Hanh Kong Hoang · 3 yrs held
Hanh Kong Hoang
since 2022
Last sale
$560,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Adelanto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adelanto 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
$545,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $560k (Dec 12 2022)
Last sale anchor
$560k
Dec 12 2022
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
$104 / 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
$6,631
Tax year 2023
Assessed value
$594,276
Assessed 2024
Previous assessed
$582,624
+2.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$53,060
Assessed improvement
$541,216
Applied tax rate
14.0000
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
1981
Construction
WOOD FRAME
Heating
NONE
Units
6
Total area
5,445 SF
Lot
0.42 ac (18,495 SF)
APN
0459-315-14-0000
UPID
US10-1553618
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
Building & site characteristics
From public records
Year built
1981
Construction
WOOD FRAME
Heating
NONE
Units
6
Lot
0.42 ac
Current owner
From public records · entity-resolved
Hanh Kong Hoang
Individual
Mailing address
18150 CASABA RD, ADELANTO, CA 92301-3071
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2022
—
Hanh Kong Hoang
Hanh K Hoang
Intrafamily Transfer
related
$350,000 · Zb NA
Dec 23, 2020
$560,000
Hanh K Hoang
Jerardo R Reyes
Grant Deed
$360,000 · First Commercial Bank USA
Jan 16, 2018
$375,000
Jerardo R Reyes
California Dream Homes And Equity
Grant Deed
—
Jan 16, 2018
—
Ryan P Williams
Williams,christine P
Quit Claim Deed
related
$326,250 · Silver Hill Funding LLC
Mar 11, 2011
—
Dream Hms California
Zamora,elmer & Marie
Quit Claim Deed
related
—
Aug 5, 2005
$519,000
Elmer Zamora
Austin & Huerta Properties
Grant Deed
—
Nov 15, 2004
—
Austin Properties
Austin,alan G
Quit Claim Deed
related
—
Apr 15, 2004
—
Alan G Austin
Austin,elizabeth A
Quit Claim Deed
related
—
Apr 15, 2004
$229,000
Alan G Austin
Rose Resort Financial Svcs INC
Grant Deed
$149,000 · South Coast Commercial Bank
Sep 30, 1999
$47,000
Rose Resorts Financial Service
Elanor E Wilson Trustee
Grant Deed
related
—
Apr 5, 1999
$40,000
Eleanor E Wilson Trustee
Martinez,fernando D & Norma R
Trustees Deed
—
Nov 5, 1993
$175,000
Fernando D Martinez
Schwing Trust
Grant Deed
$157,500 · Seller
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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