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Property profile & analytics
OFF-MARKET
Estimated value
$9,910,000
Warehouses
480 1st Ave Delano, CA 93215-3429
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-0058642
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
WOOD
Total area
89,250 SF
Lot
4.49 ac (195,584 SF)
Zoning code
C1
APN
422-050-17-00-1
UPID
US09-0058642
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
-
Storelocal Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.97M
Blend (final)
Blend
$9.91M
Owner & transaction history
Storage Solution Delano LLC · 10 yrs held
Storage Solution Delano LLC
since 2015
7 recorded transactions
Zoning & alternative use
C1 · Delano, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.3M
+30.3%
Auto repair, garage
$12.4M
+21.3%
Industrial (general)
$11.3M
+11.0%
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
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
$10,210,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,300,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,385,000
Change: +21% · Conversion: Easy
INDUSTRIAL (GENERAL)
$11,330,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$9.91M
Range $8.92M – $10.90M · ±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
$111 / 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
$76,068
Tax year 2023
Assessed value
$6,826,973
Assessed 2023
Previous assessed
$6,826,973
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,877,417
Assessed improvement
$4,949,556
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
647
Total area
89,250 SF
Lot
4.49 ac (195,584 SF)
Zoning code
C1
APN
422-050-17-00-1
UPID
US09-0058642
Jurisdiction
KERN
Zoning & alternative use
C1 · Delano, CA
Zoning C1 · permitted uses
C1 · 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
WAREHOUSE, STORAGE Current
Est. value
$10.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.3M
AUTO REPAIR, GARAGE
Est. value
$12.4M
INDUSTRIAL (GENERAL)
Est. value
$11.3M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2003
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
647
Lot
4.49 ac
Current owner
From public records · entity-resolved
Storage Solution Delano LLC
Entity
Mailing address
3571 COURTSIDE CIR, HUNTINGTON BEACH, CA 92649-2924
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2021
—
Storage Solution Delano LLC
—
Deed
related
$4,700,000 · Kinecta FCU
Oct 31, 2017
—
Storage Solution Delano LLC
—
Deed
related
$4,900,000 · Kinecta FCU
Sep 11, 2015
$6,000,000
Storage Solution Delano LLC
1st Avenue Self Storage LLC
Grant Deed
$5,000,000 · Pacific Premier Bank
Dec 11, 2009
—
1st Avenue Self Storage LLC
1st Avenue Self Storage LLC
Quit Claim Deed
related
$2,656,863 · Bank Of Sacramento
Mar 6, 2009
$3,850,000
1st Avenue Self Storage LLC
Bar,jacobus J
Grant Deed
—
Mar 30, 2007
—
Jacobus J Bor
Rbs Self Storage
Grant Deed
$3,300,000 · Bank Of Sacramento
—
—
Jacobus J Bor
—
Deed Of Trust
related
$800,000 · First Avenue Self Storage LLC
—
—
Jacobus J Bor
—
Deed Of Trust
related
$1,100,000 · Grover S JR Black
—
—
Jacobus J Bor
—
Deed Of Trust
related
$550,000 · Cornelius Bor
—
—
Storage Solution Delano LLC
—
Deed Of Trust
related
$4,900,000 · Kinecta FCU
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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