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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Apartment buildings
509 Inyokern Rd Ridgecrest, CA 93555-2545
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-2942237
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1947
Construction
WOOD
Total area
4,432 SF
Lot
0.28 ac (12,196 SF)
Zoning code
CS
APN
418-042-26-00-7
UPID
US10-2942237
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
-
Pro Plumbing Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$459k
Blend (final)
Blend
$750k
Owner & transaction history
Eduardo Arturo Velasquez · 2 yrs held
Eduardo Arturo Velasquez
since 2024
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
CS · Ridgecrest, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$935,000
+41.4%
Office building
$860,000
+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 Ridgecrest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgecrest 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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$660,000
Current use
MEDICAL BUILDING
$935,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$860,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$615,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$560,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (May 9 2024)
Last sale anchor
$750k
May 9 2024
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
$169 / 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
$4,805
Tax year 2023
Assessed value
$141,906
Assessed 2023
Previous assessed
$141,906
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$64,120
Assessed improvement
$77,786
Applied tax rate
10.0000
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
1947
Construction
WOOD
Heating
FORCED AIR
Cooling
OTHER
Stories
1
Units
7
Total area
4,432 SF
Lot
0.28 ac (12,196 SF)
Zoning code
CS
APN
418-042-26-00-7
UPID
US10-2942237
Jurisdiction
KERN
Zoning & alternative use
CS · Ridgecrest, CA
Zoning CS · permitted uses
CS · Ridgecrest, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgecrest. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$660,000
MEDICAL BUILDING
Est. value
$935,000
OFFICE BUILDING
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$615,000
RETAIL STORES
Est. value
$560,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1947
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
7
Lot
0.28 ac
Current owner
From public records · entity-resolved
Eduardo Arturo Velasquez
Individual
Mailing address
7239 TOPANGA CYN BLVD, CANOGA PARK, CA 91303-1241
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
—
Eduardo Arturo Velasquez
—
Deed
related
$292,500 · First Citizens Bank & Trust Co
May 9, 2024
$750,000
Eduardo Arturo Velasquez
Dakota Andekin
Grant Deed
—
Dec 12, 2019
$135,000
Dakota Andekin
Jennings Michael II
Grant Deed
—
May 17, 2018
—
Jennings Micheal II
—
Deed
related
$40,000 · Vincent & Donna Skahill
Sep 3, 2015
$5,000
Micheal Jennings II
Thunderbolt Consulting LLC
Grant Deed
$110,500 · Thunderbolt Consulting LLC
Nov 22, 2010
$140,000
Thunderbolt Consulting LLC
Calderon,manuel SR
Grant Deed
$110,000 · Showcase Properties LLC
Mar 6, 2009
$234,500
Manuel Calderon SR.
Calderon,wendy
Grant Deed
related
—
Jan 30, 2008
—
Wendy Calderon
Calderon,manuel
Quit Claim Deed
related
—
Feb 1, 2005
$221,000
Manuel Calderon
Feldman,david S
Grant Deed
$125,900 · David S Feldman
Oct 12, 1993
$56,500
David S Feldman
Lampson Trust
Grant Deed
related
$50,187 · Seller
—
—
Jennings Micheal II
—
Deed Of Trust
related
$40,000 · Vincent & Donna Skahill
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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