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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Apartment buildings
425 Main St, Delano, CA 93215-3501
Entity Owned
4-yr Hold
Property ID
US09-3276814
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
7,180 SF
Lot
0.34 ac (14,810 SF)
Zoning code
R-3
APN
037-212-01-00-6
UPID
US09-3276814
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
$960k
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
Owner & transaction history
Doors Rent LLC · 4 yrs held
Doors Rent LLC
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
R-3 · Delano, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+41.4%
Office building
$1.4M
+30.0%
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 Delano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delano 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
$905,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
$1,380,000
6.5%
$1,275,000
7%
$1,180,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,070,000
Current use
MEDICAL BUILDING
$1,515,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$1,390,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$995,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$910,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$910,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $1.02M (Apr 7 2022)
Last sale anchor
$1.02M
Apr 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
$136 / 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
Tax billed
$13,165
Tax year 2023
Assessed value
$1,040,400
Assessed 2023
Previous assessed
$1,040,400
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$117,300
Assessed improvement
$923,100
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
1971
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
2
Units
12
Total area
7,180 SF
Lot
0.34 ac (14,810 SF)
Zoning code
R-3
APN
037-212-01-00-6
UPID
US09-3276814
Jurisdiction
KERN
Zoning & alternative use
R-3 · Delano, CA
Zoning R-3 · permitted uses
R-3 · Delano, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delano. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$995,000
INDUSTRIAL (GENERAL)
Est. value
$910,000
RETAIL STORES
Est. value
$910,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1971
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
12
Lot
0.34 ac
Current owner
From public records · entity-resolved
Doors Rent LLC
Entity
Mailing address
911 12TH AVE, DELANO, CA 93215-2255
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
Apr 7, 2022
$1,020,000
Doors Rent LLC
Viking Holdings LLC
Grant Deed
$671,450 · David S Dixon Ira 25424
Sep 25, 2018
—
Viking Holdings LLC
—
Deed
related
$310,000 · Citizens Business Bank
Jun 30, 2017
$700,000
Viking Holdings LLC
Garza Living Trust
Grant Deed
—
Feb 10, 2011
—
Bangi T & M Living Trust
Bangi,terry R & Mary
Quit Claim Deed
—
Jul 27, 2001
—
Garza Trust
Garza,luis & Maryann
Quit Claim Deed
related
—
Sep 27, 1996
$215,000
Terry R Bangi
Pacific Land Exchange Pension
Grant Deed
$161,250 · Highland Federal Bank
Mar 9, 1995
$316,430
Pacific Land Exchange
Diaz,angel & Stella M
Trustees Deed
—
—
—
Viking Holdings LLC
—
Deed Of Trust
related
$310,000 · Citizens Busn Bk
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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