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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Apartment buildings
308 10th St, Fortuna, CA 95540-2309
Entity Owned
~
Est. High Equity
Property ID
US10-3276013
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1950
Total area
2,912 SF
Lot
0.13 ac (5,662 SF)
Zoning code
RM
APN
040-211-014-000
UPID
US10-3276013
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
$650k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$590k
Owner & transaction history
Lost Coast Real Estate LLC
Lost Coast Real Estate LLC
since 2025
Last sale
$582,000
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
$660,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$585,000
Current use
COMMERCIAL (GENERAL)
$510,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $582k (Apr 19 2023)
Last sale anchor
$582k
Apr 19 2023
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
$203 / 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
$6,568
Tax year 2024
Assessed value
$605,512
Assessed 2024
Previous assessed
$605,512
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$145,656
Assessed improvement
$459,856
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
1950
Heating
CENTRAL
Stories
1
Rooms
15
Total area
2,912 SF
Lot
0.13 ac (5,662 SF)
Zoning code
RM
APN
040-211-014-000
UPID
US10-3276013
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$510,000
APARTMENT HOUSE (5+ UNITS) Current
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
1950
Heating
CENTRAL
Stories
1
Rooms
15
Lot
0.13 ac
Current owner
From public records · entity-resolved
Lost Coast Real Estate LLC
Entity
Mailing address
PO BOX 543, HYDESVILLE, CA 95547-0543
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2025
—
Lost Coast Real Estate LLC
—
Deed
related
$400,000 · Coast Central Cu
Aug 29, 2025
—
Lost Coast Real Estate LLC
Manuel Meras And Kelsey L Meras 202
Grant Deed
—
Apr 19, 2023
—
Manuel Meras
Manuel Meras
Intrafamily Transfer
related
—
Mar 14, 2022
$582,000
Manuel Meras
Amba J Desjardins
Grant Deed
—
Aug 21, 2017
—
Amba J Desjardins
Amba J Desjardins
Gift Deed
related
$217,859 · Technology Cu
Feb 15, 2005
$329,500
Amba Kumar
Katri Candace E Trust
Grant Deed
—
Sep 14, 2004
—
Katri Candace E Trust
Katri D & C 1999 Trust
Quit Claim Deed
related
—
Sep 9, 2004
—
Dennis B Katri
Katri,candace
Affidavit Of Death
related
—
Apr 19, 1999
—
Katri Trust
Katri,dennis B & Candace E
Quit Claim Deed
related
—
Dec 30, 1976
—
—
—
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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