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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Turn key restaurants
21188 Calistoga Rd Middletown, CA 95461
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3234126
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1947
Construction
TILT-UP CONCRETE
Total area
2,140 SF
Lot
0.14 ac (6,098 SF)
Zoning code
C2
APN
024-383-060-000
UPID
US10-3234126
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
-
Noble's Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$542k
Blend (final)
Blend
$550k
Owner & transaction history
Ct Market INC · 3 yrs held
Ct Market INC
since 2023
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
C2 · Middletown, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$440,000
+19.5%
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$540,000
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$370,000
Current use
COMMERCIAL (GENERAL)
$440,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $600k (Jun 28 2023)
Last sale anchor
$600k
Jun 28 2023
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
$257 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,199
Tax year 2024
Assessed value
$612,000
Assessed 2024
Previous assessed
$612,000
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$204,000
Assessed improvement
$408,000
Applied tax rate
62.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,140 SF
Lot
0.14 ac (6,098 SF)
Zoning code
C2
APN
024-383-060-000
UPID
US10-3234126
Jurisdiction
LAKE
Zoning & alternative use
C2 · Middletown, CA
Zoning C2 · permitted uses
C2 · Middletown, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$370,000
COMMERCIAL (GENERAL)
Est. value
$440,000
RESTAURANT Current
COMMERCIAL (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
1947
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ct Market INC
Entity
Mailing address
6475 SODA BAY RD, KELSEYVILLE, CA 95451-9135
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2023
—
Ct Market INC
Charan Jit Kumar
Lease
$240,000 · Redwood Cu
Jun 28, 2023
$600,000
Charan Jit Kumar
Singh Hans Hansraj
Grant Deed
$300,000 · Redwood Cu
May 29, 2015
—
Singh Hans Hansraj
Singh Hans Hansraj
Intrafamily Transfer
related
$382,100 · Seacoast Commerce Bank
Sep 30, 2005
$550,000
Hansraj Singh
Sroa,surinder P & Linda M
Grant Deed
$400,000 · Interbay Funding LLC
Sep 30, 2005
—
Hansraj Singh
Kaur,pal
Grant Deed
related
—
Apr 21, 2004
—
Surinder P Sroa
Singh,hoshiar & Surjit K
Grant Deed
$236,000 · Sequoia National Bank
Jun 15, 1999
$165,000
Hoshiar Singh
Borzoni,john & Lourdes
Grant Deed
$165,000 · Seller
Jun 1, 1992
$165,000
John Borzoni
Robert & G L Weatherwax Te
Grant Deed
$200,000
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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