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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Apartment buildings
21645 Powhatan Rd Apple Valley, CA 92308-5828
Entity Owned
8-yr Hold
Property ID
US10-1553661
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Construction
WOOD FRAME
Total area
10,080 SF
Lot
1.08 ac (47,044 SF)
APN
3087-301-51-0000
UPID
US10-1553661
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
-
Womb To Walk Medical Clinic
-
Top notch Property care Hardware & Home Improvement General Contractor
-
hycisco Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$849k
Blend (final)
Blend
$1.18M
Owner & transaction history
Nikma LLC · 8 yrs held
Nikma LLC
since 2017
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%
$1,485,000
6.5%
$1,375,000
7%
$1,275,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,800,000
Current use
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$117 / 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
$12,836
Tax year 2023
Assessed value
$1,024,047
Assessed 2024
Previous assessed
$1,003,967
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$39,044
Assessed improvement
$985,003
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1987
Construction
WOOD FRAME
Heating
NONE
Units
12
Rooms
7
Bathrooms
2
Total area
10,080 SF
Lot
1.08 ac (47,044 SF)
APN
3087-301-51-0000
UPID
US10-1553661
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
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1987
Construction
WOOD FRAME
Heating
NONE
Units
12
Rooms
7
Bathrooms
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Nikma LLC
Entity
Mailing address
4203 GAGE AVE, BELL, CA 90201-1212
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2017
$918,000
Nikma LLC
Klaus N Kraemer
Grant Deed
$550,800 · East West Bank
May 14, 2001
—
Klaus N Kraemer
Kraemer,melody L
Quit Claim Deed
related
—
Jan 8, 1999
$330,000
Klaus N Kraemer
Johnston,charles E & Harriet R
Grant Deed
related
—
Jan 4, 1995
$288,000
Charles E Johnston
Great Western Bank
Grant Deed
$203,400 · Great Western Bank
Apr 1, 1993
$308,847
Great Western Bank
Ruff,leonard A &
Trustees Deed
related
—
Mar 31, 1989
$462,000
Ruff Leonard A
Howarth Harold J
Grant Deed
$369,600 · Great Western Bank
Dec 30, 1988
—
Harold J Howarth
Howarth Jacqueli
Quit Claim Deed
related
$874,100 · Lu Shaiowei
Dec 30, 1988
$174,000
Harold J Howarth
Lu Shaiowei
Trustees Deed
related
—
—
—
Harold J Howarth
—
Deed Of Trust
related
—
—
—
Kraemer Trust
—
Deed Of Trust
related
$300,000 · Washington Mutual Fsb
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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