Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,015,000
Apartment buildings
351 Warthan St Coalinga, CA 93210-2603
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-5286781
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Construction
WOOD
Total area
89,292 SF
Lot
5.22 ac (227,383 SF)
Zoning code
RHD
APN
083-090-48S
UPID
US09-5286781
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
-
Warthan Place Apartments
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.62M
Blend (final)
Blend
$10.02M
Owner & transaction history
Warthan Place Apartment Investors L · 11 yrs held
Warthan Place Apartment Investors L
since 2014
3 recorded transactions
Zoning & alternative use
RHD · Coalinga, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.1M
+64.6%
Auto repair, garage
$13.1M
+42.6%
Retail stores
$9.6M
+4.5%
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 Coalinga submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coalinga 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,195,000
Current use
OFFICE BUILDING
$15,130,000
Change: +65% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,110,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$9,610,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,510,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$10.02M
Range $9.01M – $11.02M · ±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
$112 / 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
Assessed value
$15,875,317
Assessed 2023
Previous assessed
$15,875,317
+0.0% YoY
Assessed land
$173,272
Assessed improvement
$15,702,045
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
2015
Construction
WOOD
Heating
NONE
Cooling
REFRIGERATOR
Stories
2
Units
81
Bathrooms
2
Total area
89,292 SF
Lot
5.22 ac (227,383 SF)
Zoning code
RHD
APN
083-090-48S
UPID
US09-5286781
Jurisdiction
FRESNO
Zoning & alternative use
RHD · Coalinga, CA
Zoning RHD · permitted uses
RHD · Coalinga, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coalinga. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.2M
OFFICE BUILDING
Est. value
$15.1M
AUTO REPAIR, GARAGE
Est. value
$13.1M
RETAIL STORES
Est. value
$9.6M
INDUSTRIAL (GENERAL)
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (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
2015
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
81
Bathrooms
2
Lot
5.22 ac
Current owner
From public records · entity-resolved
Warthan Place Apartment Investors L
Individual
Mailing address
1724 10TH ST STE #120, SACRAMENTO, CA 95811-6421
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2020
—
Warthan Place Apt Invtrs LP
—
Deed
related
$3,608,528 · Bonneville Mtg
Oct 30, 2014
$200,000
Warthan Place Apartment Investors L
Bennett Hill Investors LP
Grant Deed
$8,691,356 · Jpmorgan Chase Bank NA
—
—
Warthan Place Apt Invtrs LP
—
Loan Modification
related
$3,608,528 · Bonneville Mtg
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 351 Warthan St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
