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Property profile & analytics
OFF-MARKET
Estimated value
$8,040,000
Apartment buildings
430 16th St Ramona, CA 92065-2607
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9898477
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2019
Total area
46,450 SF
Lot
2.87 ac (125,017 SF)
Zoning code
COMMERCIAL
APN
282-262-75-00
UPID
US09-9898477
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
$4.94M
Blend (final)
Blend
$8.04M
Owner & transaction history
Ramona Seniors Cic LP · 8 yrs held
Ramona Seniors Cic LP
since 2017
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Ramona, 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 Ramona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ramona 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
WAREHOUSE, STORAGE
$13,165,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$8.04M
Range $7.24M – $8.84M · ±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
$173 / 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
$71,436
Tax year 2024
Assessed value
$8,275,835
Assessed 2024
Previous assessed
$8,275,835
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$2,074,863
Assessed improvement
$6,200,972
Applied tax rate
65.0000
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
2019
Heating
NONE
Units
62
Total area
46,450 SF
Lot
2.87 ac (125,017 SF)
Zoning code
COMMERCIAL
APN
282-262-75-00
UPID
US09-9898477
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Ramona, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Ramona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ramona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$13.2M
WAREHOUSE, STORAGE
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
2019
Heating
NONE
Units
62
Lot
2.87 ac
Current owner
From public records · entity-resolved
Ramona Seniors Cic LP
Entity
Mailing address
3990 RUFFIN RD STE #100, SAN DIEGO, CA 92123-4805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
—
Ramoan Seniros Cic Lop
—
Deed
related
$6,428,500 · California Housing Finance Agency
Mar 28, 2018
—
Ramona Seniors Cic LP
—
Grant Deed
related
$6,428,500 · Housing Fin Agcy
Dec 21, 2017
$1,860,000
Ramona Seniors Cic LP
16th & Main Partners LLC
Grant Deed
$1,767,000 · Century Hsng
Apr 26, 2013
$230,000
16th & Main Partners LLC
City Natl Bk
Grant Deed
—
Apr 26, 2013
—
City Natl Bk
First Pacific Bk Of Ca
Grant Deed
—
Dec 10, 2009
$525,000
First Pacific Bk Of Ca
Max Default Services Corp
Trustees Deed
related
—
Jun 28, 2005
—
California Vistas LLC
California Vistas LLC
Grant Deed
related
$1,170,000 · 1st Pacific Bank Of California
Jun 14, 2005
$625,000
California Vista LLC
North Star Land
Grant Deed
$1,560,000 · Western Capital Group LLC
Jun 14, 2005
$325,000
Northstar Land Co
Islan Guam INC
Grant Deed
—
Jan 17, 1991
$440,000
Islan Guam INC
Ghio Phyllis
Grant Deed
—
—
—
California Vistas LLC
—
Deed Of Trust
related
$96,200 · Lumier Fund LLC
—
—
Ramona Seniors Cic LP
—
Deed Of Trust
related
$1,840,000 · County/san Diego Hsng & Cmnty
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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