New search
Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Investment properties
22149 Waalew Rd, Apple Valley, CA 92307-1149
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-1630351
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1982
Construction
FRAME
Total area
2,688 SF
Lot
15.04 ac (655,320 SF)
APN
0437-491-05-0000
UPID
US10-1630351
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$656k
Blend (final)
Blend
$575k
Owner & transaction history
Shu Bao Wang · 3 yrs held
Shu Bao Wang
since 2023
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$820,000
+14.7%
Medical building
$780,000
+9.0%
Neighborhood: shopping center
$725,000
+1.4%
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
$595,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$715,000
Current use
AUTO REPAIR, GARAGE
$820,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$780,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$725,000
Change: +1% · Conversion: Difficult
WAREHOUSE, STORAGE
$685,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$595,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $525k (Apr 20 2023)
Last sale anchor
$525k
Apr 20 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
$214 / 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
$6,445
Tax year 2023
Assessed value
$535,500
Assessed 2024
Previous assessed
$551,412
-2.9% YoY
Effective rate
1.20%
On assessed value
Assessed land
$204,000
Assessed improvement
$331,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1982
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
8
Bathrooms
3
Total area
2,688 SF
Lot
15.04 ac (655,320 SF)
APN
0437-491-05-0000
UPID
US10-1630351
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
COMMERCIAL (GENERAL) Current
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$820,000
MEDICAL BUILDING
Est. value
$780,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$725,000
WAREHOUSE, STORAGE
Est. value
$685,000
RETAIL STORES
Est. value
$595,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RETAIL STORES
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
1982
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
3
Lot
15.04 ac
Current owner
From public records · entity-resolved
Shu Bao Wang
Individual
Mailing address
2721 RENWICK CIR, LAS VEGAS, NV 89117-0407
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2023
$525,000
Shu Bao Wang
Jouriy Grkikian
Grant Deed
—
Nov 9, 2020
$530,000
Jouriy Grkikian
William J Thibault
Grant Deed
—
Nov 9, 2020
—
Jouriy Grkikian
Anoush Aroutiounian
Quit Claim Deed
related
—
Aug 13, 2020
—
Thibault Joint Living Trust
William J Thibault
Quit Claim Deed
related
—
Mar 11, 2016
$325,000
William J Thibault
Havana LLC
Grant Deed
—
Apr 12, 2012
$183,000
Havanallc
Quality Loan Service Corp
Trustees Deed
related
—
Sep 21, 2006
—
Solle Carolyn Trust
Sollie,carolyn
Quit Claim Deed
related
—
May 18, 2005
—
Carolyn Solle
Carolyn Solle
Intrafamily Transfer
related
$175,000 · Paramount Residential Mortgage Grou
Nov 15, 1996
$200,000
Carolyn Solle
Smith Trust
Grant Deed
$150,000 · Seller
—
—
Havana LLC
—
Deed Of Trust
related
$1,800,000 · Chino Commercial Bank NA
—
—
Daniel J Marshall
—
Deed Of Trust
related
$144,900 · Entell Realty
—
—
Carolyn Solle
—
Deed Of Trust
related
$75,000 · Desert Community Bank
—
—
Robert J Smith
—
Deed Of Trust
related
$40,000 · Security Pacific National Bank
—
—
Solle,tr
—
Deed Of Trust
related
$50,000 · Union Bank Of California
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 22149 Waalew Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
