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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Apartment buildings
240 Robertson Rd Ridgecrest, CA 93555-4635
Trust Owned
15-yr Hold
Free & Clear
Property ID
US10-2942201
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
WOOD
Total area
4,322 SF
Lot
0.32 ac (13,939 SF)
APN
478-051-17-00-5
UPID
US10-2942201
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
by Request
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$369k
Blend (final)
Blend
$575k
Owner & transaction history
Saxton Leslie & N 2006 Trust · 15 yrs held
Saxton Leslie & N 2006 Trust
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$910,000
+41.4%
Office building
$835,000
+30.0%
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 Ridgecrest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgecrest 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%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$645,000
Current use
MEDICAL BUILDING
$910,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$835,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$600,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$545,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$133 / 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
$7,744
Tax year 2023
Assessed value
$425,000
Assessed 2023
Previous assessed
$425,000
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$35,000
Assessed improvement
$390,000
Applied tax rate
10.0000
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
1988
Construction
WOOD
Heating
GAS
Cooling
EVAPORATIVE
Stories
2
Units
6
Total area
4,322 SF
Lot
0.32 ac (13,939 SF)
APN
478-051-17-00-5
UPID
US10-2942201
Jurisdiction
KERN
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
$645,000
MEDICAL BUILDING
Est. value
$910,000
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$600,000
RETAIL STORES
Est. value
$545,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1988
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
2
Units
6
Lot
0.32 ac
Current owner
From public records · entity-resolved
Saxton Leslie & N 2006 Trust
Trust
Free & Clear · 15 yrs held
Mailing address
917 HERMOSA AVE, RIDGECREST, CA 93555-3025
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2010
—
Saxton Leslie & N 2006 Trust
Saxton,leslie C & Nancy J
Quit Claim Deed
related
—
Mar 31, 2006
$725,000
L Properties
Labunski,jan C & Agnes G
Grant Deed
—
Nov 24, 2004
$507,000
Jan C Labunski
Wright,daniel R & Cheryl A
Grant Deed
$360,000 · Bayview Financial LP
Nov 16, 2001
$100,000
Daniel R Wright
Paden Trust
Grant Deed
$68,569 · Mojave Desert Bank
Aug 14, 2000
—
Paden Trust
Paden,edward G & Eugenia A
Quit Claim Deed
related
—
Aug 12, 1999
$80,000
Edward G Paden
Monument Mortgage INC
Grant Deed
$70,000 · Monument National Bank
—
—
Daniel R Wright
—
Deed Of Trust
related
$17,000 · Paden 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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