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Property profile & analytics
OFF-MARKET
Estimated value
$25,025,000
Apartment buildings
2410 Madera Cir, Port Hueneme, CA 93041-2051
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US10-1450993
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Total area
128,522 SF
Lot
5.09 ac (221,720 SF)
Zoning code
R3PD
APN
189-0-220-215
UPID
US10-1450993
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
$31.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.03M
Owner & transaction history
Madera M Dear LP · 7 yrs held
Madera M Dear LP
since 2018
2 recorded transactions
Zoning & alternative use
R3PD · Port Hueneme, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$37.4M
+0.3%
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 Port Hueneme submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Hueneme 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%
$33,860,000
6.5%
$31,255,000
7%
$29,020,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$37,265,000
Current use
WAREHOUSE, STORAGE
$37,375,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$25.03M
Range $22.52M – $27.53M · ±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
$195 / 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
$494,182
Tax year 2023
Assessed value
$41,205,596
Assessed 2024
Previous assessed
$40,314,800
+2.2% YoY
Effective rate
1.20%
On assessed value
Assessed land
$8,267,965
Assessed improvement
$32,937,631
Applied tax rate
6.0000
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
1974
Heating
NONE
Total area
128,522 SF
Lot
5.09 ac (221,720 SF)
Zoning code
R3PD
APN
189-0-220-215
UPID
US10-1450993
Jurisdiction
VENTURA
Zoning & alternative use
R3PD · Port Hueneme, CA
Zoning R3PD · permitted uses
R3PD · Port Hueneme, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Hueneme. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$37.3M
WAREHOUSE, STORAGE
Est. value
$37.4M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1974
Heating
NONE
Lot
5.09 ac
Current owner
From public records · entity-resolved
Madera M Dear LP
Entity
Mailing address
777 SILVER SPUR RD STE #111, ROLLING HILLS ESTATES, CA 90274-3619
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
—
Madera My Dear LP
—
Deed
related
$22,309,000 · Jpmorgan Chase Bank NA
Dec 28, 2018
$37,684,000
Madera M Dear LP
Program 87a Ltd
Grant Deed
$726,200 · First Foundation Bank
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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