Entity Owned Property summary
AI-generated overview
This exceptional 7-unit apartment building in Oakhurst, California, presents a compelling investment opportunity. Located at 48951 River Park Rd, 93644, this stabilized property boasts a total of 7,488 square feet across two stories, situated on a 17,577 square foot lot. Built in 1984 and extensively renovated in 2022, the property features a new roof, concrete parking lot, updated drywall, fixtures, appliances, and fresh paint throughout. The building currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $61,600, resulting in a 5.00% capitalization rate. Each of the seven units commands a price of $176,023.43, contributing to the overall asking price of $1,232,164. The property includes two parking spaces and is identified by APN 066-022-012. This turnkey investment offers a strong return on investment with its high occupancy rate and recent renovations, making it an ideal addition to any portfolio. The property is located in Madera County, California.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD
Total area
7,488 SF
Lot
0.39 ac (16,988 SF)
Zoning code
RUM
APN
066-022-012-000
UPID
US09-0377962
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$982k
Blend (final)
Blend
$1.01M
Owner & transaction history
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
RUM · Oakhurst, CA
Top alternative use upside
Restaurant
$1.3M
+27.0%
Industrial (general)
$1.1M
+13.0%
Auto repair, garage
$1.1M
+7.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.01M
Value range
$909k – $1.11M
±10% around blend
Estimated value / SF
$135 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$909k
blend $1.01M
$1.11M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,488 SF
Lot area
0.39 ac
Year built
1984
APN
066-022-012-000
Zoning
RUM
Assessed value
$1,144,440
Annual tax
$13,759
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.18M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.28M
@ 6.5% CAP return
$1.18M
@ 7% CAP return
$1.09M
4
Sales comparison
Partial preview
Sales approach indication
$982k
Range $526k – $1.56M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.01M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 33 sales
$133
+1%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $135/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+27%
vs current-use indication
Industrial (general)
Auto Repair, Garage
Office Building
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
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Overview
Implied cap rate
7.60%
Implied, in-place cap rate for this apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.60%
9.0%
NOI (est.)
$77k *
Last sale · Jul 2022
$1.10M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.01M
Move the market yield to see immediate price impact.
Value / SF
$135
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.10%7.60%8.10%
$69k
$976k
$912k
$856k
$77k
$1.08M
$1.01M
$951k
$85k
$1.19M
$1.11M
$1.05M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$13,759
Tax year 2024
Assessed value
$1,144,440
Assessed 2024
Previous assessed
$1,144,440
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$109,242
Assessed improvement
$1,035,198
Applied tax rate
56.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1984
Construction
WOOD
Heating
NONE
Units
1
Bathrooms
14
Total area
7,488 SF
Lot
0.39 ac (16,988 SF)
Zoning code
RUM
APN
066-022-012-000
UPID
US09-0377962
Jurisdiction
MADERA
Zoning & alternative use
RUM · Oakhurst, CAZoning RUM · permitted uses
RUM · Oakhurst, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
NONE
Units
1
Bathrooms
14
Lot
0.39 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RUM
Jurisdiction
Oakhurst, CA
Recorded code
RUM
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Owner identityResolved entity and name variants
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Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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