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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Apartment buildings
2330 Newburg Rd, Fortuna, CA 95540-2816
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0051908
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
5,616 SF
Lot
0.61 ac (26,571 SF)
Zoning code
RM
APN
200-165-014-000
UPID
US09-0051908
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
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$688k
Blend (final)
Blend
$655k
Owner & transaction history
Jonathan A Cook · 3 yrs held
Jonathan A Cook
since 2022
Last sale
$600,100
7 recorded transactions
Zoning & alternative use
RM · Fortuna, CA
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 Fortuna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fortuna 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
$760,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,055,000
Change: -6% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,035,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$985,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $600k (Oct 3 2022)
Last sale anchor
$600k
Oct 3 2022
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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,222
Tax year 2024
Assessed value
$762,237
Assessed 2024
Previous assessed
$762,237
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$129,607
Assessed improvement
$632,630
Applied tax rate
5.0000
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Rooms
30
Bathrooms
6
Total area
5,616 SF
Lot
0.61 ac (26,571 SF)
Zoning code
RM
APN
200-165-014-000
UPID
US09-0051908
Jurisdiction
HUMBOLDT
Zoning & alternative use
RM · Fortuna, CA
Zoning RM · permitted uses
RM · Fortuna, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fortuna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$985,000
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1977
Construction
WOOD
Heating
NONE
Stories
1
Rooms
30
Bathrooms
6
Lot
0.61 ac
Current owner
From public records · entity-resolved
Jonathan A Cook
Individual
Mailing address
3160 N SINALOA TRL, REDDING, CA 96002-9534
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2025
—
Jonathan A Cook
—
Deed
related
$225,000 · Redwood Capital Bank
Oct 3, 2022
—
Jonathan A Cook
Jonathan A Cook
Intrafamily Transfer
related
—
Dec 12, 2017
—
Jonathan A Cook
—
Deed
related
$350,000 · Redwood Capital Bank
Dec 29, 2016
—
Jonathan A Cook
—
Deed
related
$500,000 · Private Individual
Oct 28, 2014
$600,100
Jonathan A Cook
Marchetti Rodney J Trust
Grant Deed
—
Oct 28, 2014
—
Jonathan A Cook
Cook,kimberly R
Quit Claim Deed
related
$185,000 · Marchetti Rodney J Trust
Oct 20, 2014
—
Marchetti,carl JR Trust
Marchetti Judy
Quit Claim Deed
related
—
Sep 22, 2014
—
Marchetti,rodney J Trust
Marchetti Family LP
Quit Claim Deed
—
Feb 17, 2012
—
Marchetti Family LP
Marchetti Carl JR Trust
Quit Claim Deed
—
Oct 26, 2007
—
Marchetti Carl JR Trust
Marchetti,judy
Quit Claim Deed
related
—
Jul 30, 2004
$610,000
Marchetti,tr
Kelly,tr
Grant Deed
$600,000 · Umpqua Bank
—
—
Kelly Trust
—
Deed Of Trust
related
$241,400 · Luther Savings Bank
—
—
Jonathan A Cook
—
Deed Of Trust
related
$500,000 · Private Individual
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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