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Property profile & analytics
OFF-MARKET
Apartment buildings
380 Nicolet St, Banning, CA 92220-5647
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3105436
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
1,536 SF
Lot
2.18 ac (94,960 SF)
Zoning code
R3
APN
541-103-031
UPID
US09-3105436
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dha Opportunity 1 LP · 7 yrs held
Dha Opportunity 1 LP
since 2019
7 recorded transactions
Zoning & alternative use
R3 · Banning, 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 Banning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Banning 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$27,010
Tax year 2024
Assessed value
$1,958,406
Assessed 2024
Previous assessed
$1,958,406
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$557,758
Assessed improvement
$1,400,648
Applied tax rate
1.0000
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
1963
Construction
WOOD
Heating
NONE
Buildings
6
Stories
1
Units
7
Total area
1,536 SF
Lot
2.18 ac (94,960 SF)
Zoning code
R3
APN
541-103-031
UPID
US09-3105436
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Banning, CA
Zoning R3 · permitted uses
R3 · Banning, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Banning. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
NONE
Stories
1
Buildings
6
Units
7
Lot
2.18 ac
Current owner
From public records · entity-resolved
Dha Opportunity 1 LP
Entity
Mailing address
4900 SANTA ANITA AVE STE 2C, EL MONTE, CA 91731-1490
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2019
—
Dha Opportunity 1 LP
Group Xiii Properties LP
Grant Deed
$1,560,000 · Homestreet Bank
Sep 8, 2017
$1,750,000
Group Xiii Properties LP
Noel Meza JR
Grant Deed
$1,750,000 · Western Alliance Bank
May 11, 2016
—
Nicolet Trust
—
Deed
related
$695,280 · Molinarolo Bruno Trust (pt)
Dec 30, 2014
$1,175,000
Nicolet Trust
Newsom Family Trust
Grant Deed
$725,000 · Ernest A Maldonado Living Trust
Aug 27, 2003
$800,000
Newsom,tr
Buchanan,earl
Grant Deed
$700,000 · Earl Buchanan
Mar 20, 1992
$385,000
Earl Buchanan
Cannavo Trust
Grant Deed
$335,000 · Seller
—
—
Nicolet Trust
—
Deed Of Trust
related
$695,280 · Molinarolo Bruno Trust (pt)
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?”
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