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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Apartment buildings
21811 Hwy 198 Exeter, CA 93221
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5969123
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Construction
WOOD
Total area
6,968 SF
Lot
1.13 ac (49,200 SF)
APN
115-180-014-000
UPID
US09-5969123
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
$920k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$895k
Owner & transaction history
Sundance Ventures LLC · 5 yrs held
Sundance Ventures LLC
since 2020
Last sale
$740,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+48.4%
Office building
$975,000
+3.0%
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 Exeter submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Exeter 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
$1,055,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$945,000
Current use
MEDICAL BUILDING
$1,405,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$975,000
Change: +3% · Conversion: Moderate
RETAIL STORES
$885,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$815,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $740k (Aug 14 2020)
Last sale anchor
$740k
Aug 14 2020
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
$128 / 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
$8,317
Tax year 2024
Assessed value
$779,987
Assessed 2024
Previous assessed
$779,987
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$159,181
Assessed improvement
$620,806
Applied tax rate
133.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
17
Bathrooms
2
Total area
6,968 SF
Lot
1.13 ac (49,200 SF)
APN
115-180-014-000
UPID
US09-5969123
Jurisdiction
TULARE
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
$945,000
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$975,000
RETAIL STORES
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$815,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1959
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
17
Bathrooms
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Sundance Ventures LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7222 53RD ST NE, MARYSVILLE, WA 98270-9067
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Mar 9, 2021
—
Sundance Ventures LLC
—
Deed
related
$546,000 · Bank Of The Sierra
Aug 14, 2020
$740,000
Sundance Ventures LLC
Self Made Real Estate LLC
Grant Deed
—
Aug 13, 2014
$332,000
Self Made Real Estate LLC
Petty Cash Properties LLC
Grant Deed
—
May 9, 2003
$175,000
Petty Cash Properties LLC
Beneficial California INC
Grant Deed
$225,000 · Cain Trust
Oct 11, 2002
$158,765
Beneficial California INC
Zweifel,wesley L & Patricia
Trustees Deed
related
—
Mar 27, 1997
—
Wesley L Zweifel
Zweifel,wesley L
Quit Claim Deed
related
$150,000 · Beneficial California INC
—
—
Self Made Real Estate LLC
—
Deed Of Trust
related
$468,000 · Bank Of The Sierra
—
—
Wesley L Zweifel
—
Deed Of Trust
related
$100,000 · Beneficial California INC
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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