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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Apartment buildings
25857 Cornell St B Hemet, CA 92544-3805
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1419372
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
WOOD
Total area
2,250 SF
Lot
1.63 ac (71,002 SF)
Zoning code
C1CP
APN
438-230-018
UPID
US09-1419372
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
$575k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$483k
Blend (final)
Blend
$515k
Owner & transaction history
Alex J Alderman · 4 yrs held
Alex J Alderman
since 2022
Last sale
$440,000
7 recorded transactions
Zoning & alternative use
C1CP · Hemet, 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 Hemet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hemet 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
$595,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$685,000
Current use
WAREHOUSE, STORAGE
$665,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $440k (Jun 7 2022)
Last sale anchor
$440k
Jun 7 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
$229 / 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
$10,628
Tax year 2024
Assessed value
$925,956
Assessed 2024
Previous assessed
$925,956
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$322,524
Assessed improvement
$603,432
Applied tax rate
71.0000
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
1965
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
6
Total area
2,250 SF
Lot
1.63 ac (71,002 SF)
Zoning code
C1CP
APN
438-230-018
UPID
US09-1419372
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1CP · Hemet, CA
Zoning C1CP · permitted uses
C1CP · Hemet, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hemet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$685,000
WAREHOUSE, STORAGE
Est. value
$665,000
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
1965
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
6
Lot
1.63 ac
Current owner
From public records · entity-resolved
Alex J Alderman
Individual
Free & Clear · 4 yrs held
Mailing address
6082 S CALICO AVE, FORT MOHAVE, AZ 86426-5422
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
—
Alex J Alderman
Ryan D Alderman
Intrafamily Transfer
related
—
Mar 14, 2019
—
Alderman,m S & K D Trust
Alderman,matthew S
Affidavit Of Death
related
—
May 17, 2016
$65,000
Alderman,matthew S & K D Trust
Alderman,alex & Sabrina
Grant Deed
$260,000 · Barkin Family Trust (pt)
May 17, 2016
—
Alderman,matthew S & K D Trust
Alderman,adam & Kirsten
Quit Claim Deed
related
—
Jan 14, 2016
—
Alderman,matthew S & K D Trust
Alderman,matthew S & Karen D
Quit Claim Deed
related
—
Mar 27, 2013
$440,000
Matt Alderman
Torres Sarah Mae Trust
Grant Deed
$340,000 · Torres Sarah Mae Trust (rt)
Sep 3, 2004
—
Torres Sarah M Trust
Cunningham,sarrah
Grant Deed
related
—
Aug 13, 1991
$183,000
Sarra Cunningham
Maycock,william
Grant Deed
related
—
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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