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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Apartment buildings
1860 Sandpiper Ln Mckinleyville, CA 95519-8229
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1547898
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
3.43 ac (149,287 SF)
Zoning code
R-4-D-WR
APN
509-201-046-000
UPID
US09-1547898
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
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Azalea Gardens Apartments LP · 22 yrs held
Azalea Gardens Apartments LP
since 2003
5 recorded transactions
Zoning & alternative use
R-4-D-WR · Mckinleyville, CA
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 Mckinleyville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mckinleyville 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$57,507
Tax year 2024
Assessed value
$4,827,648
Assessed 2024
Previous assessed
$4,827,648
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$366,779
Assessed improvement
$4,460,869
Applied tax rate
115.0000
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
Heating
NONE
Lot
3.43 ac (149,287 SF)
Zoning code
R-4-D-WR
APN
509-201-046-000
UPID
US09-1547898
Jurisdiction
HUMBOLDT
Zoning & alternative use
R-4-D-WR · Mckinleyville, CA
Zoning R-4-D-WR · permitted uses
R-4-D-WR · Mckinleyville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mckinleyville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
3.43 ac
Current owner
From public records · entity-resolved
Azalea Gardens Apartments LP
Entity
Mailing address
3329 HALFWAY AVE, MCKINLEYVILLE, CA 95519-9315
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
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
Sep 7, 2022
—
Azalea Gardens Apartments LP
—
Deed
related
$4,450,000 · Umpqua Bank
Oct 25, 2017
—
Azalea Gardens Apartments LP
—
Deed
related
$2,436,000 · Umpqua Bk
Oct 10, 2003
—
Azalea Gardens Apartments LP
J L Furtado INC
Deed Of Trust
related
$6,200,000 · Bond Street Capital Corp
Mar 28, 2002
—
J L Furtado INC
J L Furtado INC
Quit Claim Deed
related
$2,362,500 · Luther Burbank Savings & Loan
—
—
Azalea Gardens Apartments LP
—
Deed Of Trust
related
$2,436,000 · Umpqua Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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