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Property profile & analytics
OFF-MARKET
Estimated value
$15,630,000
Apartment buildings
250 Belmont St Delano, CA 93215-3247
Entity Owned
23-yr Hold
Free & Clear
Property ID
US09-2699707
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2003
Construction
WOOD
Total area
85,941 SF
Lot
5.45 ac (237,402 SF)
Zoning code
R-3
APN
422-100-02-00-1
UPID
US09-2699707
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
-
Villa Santa Fe Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.23M
Comparable Approach
Comparable
$17.26M
Blend (final)
Blend
$15.63M
Owner & transaction history
Villas Santa Fe Apt LP Delano · 23 yrs held
Villas Santa Fe Apt LP Delano
since 2003
5 recorded transactions
Zoning & alternative use
R-3 · Delano, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$18.1M
+41.4%
Office building
$16.6M
+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 Delano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delano 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%
$16,500,000
6.5%
$15,230,000
7%
$14,145,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,810,000
Current use
MEDICAL BUILDING
$18,115,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$16,645,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,925,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,910,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$10,875,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$15.63M
Range $14.07M – $17.19M · ±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
$182 / 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
$11,046
Tax year 2023
Assessed value
$10,594,157
Assessed 2023
Previous assessed
$10,594,157
+0.0% YoY
Effective rate
0.10%
On assessed value
Assessed land
$431,818
Assessed improvement
$10,162,339
Applied tax rate
2.0000
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
2003
Construction
WOOD
Heating
GAS
Cooling
OTHER
Stories
2
Units
81
Total area
85,941 SF
Lot
5.45 ac (237,402 SF)
Zoning code
R-3
APN
422-100-02-00-1
UPID
US09-2699707
Jurisdiction
KERN
Zoning & alternative use
R-3 · Delano, CA
Zoning R-3 · permitted uses
R-3 · Delano, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delano. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.8M
MEDICAL BUILDING
Est. value
$18.1M
OFFICE BUILDING
Est. value
$16.6M
AUTO REPAIR, GARAGE
Est. value
$11.9M
INDUSTRIAL (GENERAL)
Est. value
$10.9M
RETAIL STORES
Est. value
$10.9M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2003
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
2
Units
81
Lot
5.45 ac
Current owner
From public records · entity-resolved
Villas Santa Fe Apt LP Delano
Entity
Free & Clear · 23 yrs held
Mailing address
604 N ECKHOFF ST, ORANGE, CA 92868-1019
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2003
$330,000
Villas Santa Fe Apt LP Delano
Lyons,charles J
Grant Deed
—
Mar 20, 2002
—
Charles J Lyons
South Shore Construction INC
Quit Claim Deed
related
—
Jan 15, 2002
$330,000
Villas Santa Fe Apts Delano
Lyons,charles J
Grant Deed
—
Dec 5, 2001
—
Charles J Lyons
Lyons,mary L
Quit Claim Deed
related
—
—
—
Villas Santa Fe Apts Delano
—
Deed Of Trust
related
$171,986 · California Housing Finance Agy
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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