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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Flex space
21483 Waalew Rd Apple Valley, CA 92307-1025
Trust Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1317341
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Construction
STEEL FRAME
Total area
15,000 SF
Lot
14.48 ac (630,748 SF)
APN
0440-014-08-0000
UPID
US10-1317341
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
-
Letter Locker LLC Production Facility Metal Fabrication Plant
-
Jayco Industries LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$758k
Blend (final)
Blend
$1.02M
Owner & transaction history
Jeffs Family Trust · 16 yrs held
Jeffs Family Trust
since 2009
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 Apple Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apple Valley 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$68 / 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
$8,465
Tax year 2024
Assessed value
$709,111
Assessed 2024
Previous assessed
$709,111
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$295,462
Assessed improvement
$413,649
Applied tax rate
21.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Total area
15,000 SF
Lot
14.48 ac (630,748 SF)
APN
0440-014-08-0000
UPID
US10-1317341
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
1987
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Lot
14.48 ac
Current owner
From public records · entity-resolved
Jeffs Family Trust
Trust
Mailing address
20594 OTTAWA RD, APPLE VALLEY, CA 92308-6253
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Aug 20, 2009
—
Jeffs Family Trust
Jeffs,john T
Quit Claim Deed
related
—
Jun 16, 2003
—
John T Jeffs
Jeffs,john
Quit Claim Deed
related
—
Mar 1, 2001
$770,000
Johm Jeffs
Oro Grande Development INC
Grant Deed
$204,000 · Desert Community Bank
Jun 22, 2000
$488,000
Oro Grande Development INC
Martin Trust
Grant Deed
related
—
—
—
William T Martin
—
Deed Of Trust
related
$20,123 · Desert Community Bank
—
—
William T Martin
—
Deed Of Trust
related
$189,915 · Desert Community Bank
—
—
Oro Grande Development INC
—
Deed Of Trust
related
$488,000 · Bill Martin Trustee
—
—
John Jeffs
—
Deed Of Trust
related
$377,000 · Desert Community Bank
—
—
John T Jeffs
—
Deed Of Trust
related
$470,000 · Sun Country Bank
—
—
William T Martin
—
Deed Of Trust
related
$29,232 · Desert Community 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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