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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Apartment buildings
3108 School St, Fortuna, CA 95540-3600
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2377204
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Construction
WOOD
Total area
4,320 SF
Lot
0.41 ac (17,859 SF)
Zoning code
NC
APN
203-332-019-000
UPID
US09-2377204
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
$705k
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$735k
Owner & transaction history
Brandon Epting Devore · 2 yrs held
Brandon Epting Devore
since 2023
Last sale
$730,000
7 recorded transactions
Zoning & alternative use
NC · 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
$825,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$865,000
Current use
COMMERCIAL (GENERAL)
$760,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $730k (Jul 5 2023)
Last sale anchor
$730k
Jul 5 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
$170 / 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
$7,882
Tax year 2024
Assessed value
$730,000
Assessed 2024
Previous assessed
$730,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$170,000
Assessed improvement
$560,000
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
1979
Construction
WOOD
Heating
BASEBOARD
Stories
2
Rooms
18
Total area
4,320 SF
Lot
0.41 ac (17,859 SF)
Zoning code
NC
APN
203-332-019-000
UPID
US09-2377204
Jurisdiction
HUMBOLDT
Zoning & alternative use
NC · Fortuna, CA
Zoning NC · permitted uses
NC · 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
$865,000
COMMERCIAL (GENERAL)
Est. value
$760,000
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
1979
Construction
WOOD
Heating
BASEBOARD
Stories
2
Rooms
18
Lot
0.41 ac
Current owner
From public records · entity-resolved
Brandon Epting Devore
Individual
Mailing address
5528 MULBERRY DR, SANTA ROSA, CA 95409-3833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2023
$730,000
Brandon Epting Devore
Idyllwild LLC
Grant Deed
—
Jul 5, 2023
—
Brandon Epting Devore
Yen Thi Luu
Intrafamily Transfer
related
—
Dec 14, 2020
—
Idyllwild LLC
—
Deed
related
$367,700 · Coast Ctrl Cu
Apr 4, 2014
$285,000
Idyllwild LLC
Melvin Robert Trust
Grant Deed
$285,000 · Robert C & Debra L Mcbeth
Jul 27, 2005
—
Melvin Robert Trust
Melvin,robert L
Quit Claim Deed
related
—
Feb 27, 1995
$45,500
Robert L Melvin
Melvin,raleigh & Diane
Grant Deed
related
—
Jan 30, 1990
$155,000
—
—
Grant Deed
related
$110,000
—
—
Idyllwild LLC
—
Deed Of Trust
related
$280,000 · Coast Ctrl Cu
—
—
Idyllwild LLC
—
Deed Of Trust
related
$367,700 · Coast Ctrl Cu
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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