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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Industrial properties
22421 Powhatan Rd Apple Valley, CA 92308-3500
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US10-0862323
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,401 SF
Lot
1.51 ac (65,991 SF)
APN
3087-392-39-0000
UPID
US10-0862323
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
-
Apple Valley Audio Visual Tech Support Center Rental Equipment Company
-
States Door and Hardware Inc. Hardware & Home Improvement Production Facility
-
H11 Trailers MANUFACTURING. General Contractor
-
Village Automotive LLC Auto Repair Shop Vehicle Inspection Center
-
Adscot Pest Control, Inc. Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.62M
Owner & transaction history
Hitt,christopher J Living Trust · 7 yrs held
Hitt,christopher J Living Trust
since 2019
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
$1.62M
Range $1.46M – $1.78M · ±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
$79 / 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
$19,686
Tax year 2024
Assessed value
$1,603,813
Assessed 2024
Previous assessed
$1,603,813
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$141,995
Assessed improvement
$1,461,818
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
10
Total area
20,401 SF
Lot
1.51 ac (65,991 SF)
APN
3087-392-39-0000
UPID
US10-0862323
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
10
Lot
1.51 ac
Current owner
From public records · entity-resolved
Hitt,christopher J Living Trust
Trust
Mailing address
PO BOX 638, APPLE VALLEY, CA 92307-0011
Ownership since
2019
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
Aug 29, 2024
—
Christopher J Hitt
—
Deed
related
$700,000 · Global FCU
Nov 18, 2020
—
Christopher J Hitt
—
Deed
related
$800,000 · Alaska USA FCU
Jun 14, 2019
—
Hitt,christopher J Living Trust
Hitt,christpher J & Lori A
Quit Claim Deed
related
—
Jan 12, 2009
—
Christopher J Hitt
Hitt,christopher J
Quit Claim Deed
related
—
Mar 16, 2007
—
Christopher J Hitt
Hitt,christopher J
Quit Claim Deed
related
—
Sep 18, 2006
—
Christopher J Hitt
Hitt,christopher J
Quit Claim Deed
related
—
—
—
Christopher J Hitt
—
Deed Of Trust
related
$1,237,500 · Desert Community Bank
—
—
Christopher J Hitt
—
Deed Of Trust
related
$100,000 · Sharky Trust
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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