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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Apartment buildings
541 Del Norte Ave Kerman, CA 93630-1252
Trust Owned
19-yr Hold
Free & Clear
Property ID
US09-2249482
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1985
Construction
WOOD
Total area
5,568 SF
Lot
0.32 ac (14,100 SF)
Zoning code
R-3
APN
023-343-28S
UPID
US09-2249482
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
$706k
Blend (final)
Blend
$590k
Owner & transaction history
Cayme V M & G C Living Trust · 19 yrs held
Cayme V M & G C Living Trust
since 2006
4 recorded transactions
Zoning & alternative use
R-3 · Kerman, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R-2, R-3 - Multi-Unit Residential Zones. The purpose of the multi-unit residential zones is to provide areas in the city that allow a range of medium and high density residential development and other compatible uses. Development in these zones is to be designed in a manner which does not conflict with surrounding land uses and does not overburden local stre…
Zone name
Multifamily Residential One Unit Per 1500 Square Feet
General category
RESIDENTIAL
Zone area
95.02 ac
Top alternative use upside
Office building
$945,000
+33.2%
Auto repair, garage
$815,000
+15.4%
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 Kerman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kerman 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
APARTMENT HOUSE (5+ UNITS)
$710,000
Current use
OFFICE BUILDING
$945,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$815,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$600,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$595,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$106 / 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
$5,087
Tax year 2023
Assessed value
$442,086
Assessed 2023
Previous assessed
$442,086
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$53,046
Assessed improvement
$389,040
Applied tax rate
13.0000
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
1985
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
8
Bathrooms
8
Total area
5,568 SF
Lot
0.32 ac (14,100 SF)
Zoning code
R-3
APN
023-343-28S
UPID
US09-2249482
Jurisdiction
FRESNO
Zoning & alternative use
R-3 · Kerman, CAZoning R-3 · permitted uses
R-3 · Kerman, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R-2, R-3 - Multi-Unit Residential Zones. The purpose of the multi-unit residential zones is to provide areas in the city that allow a range of medium and high density residential development and other compatible uses. Development in these zones is to be designed in a manner which does not conflict with surrounding land uses and does not overburden local streets. The multi-unit residential zones are categorized by maximum density as follows: R-2 and R-3. The multi-unit zones implement the medium density residential (MDR), high density residential (HDR), quasi-public (QP), and schools (S) land use designations in the general plan. ( Ord. 24-01
Zone name
Multifamily Residential One Unit Per 1500 Square Feet
General category
RESIDENTIAL
Zone area
95.02 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$710,000
OFFICE BUILDING
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$815,000
RETAIL STORES
Est. value
$600,000
INDUSTRIAL (GENERAL)
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1985
Construction
WOOD
Heating
FORCED AIR
Stories
2
Units
8
Bathrooms
8
Lot
0.32 ac
Current owner
From public records · entity-resolved
Cayme V M & G C Living Trust
Trust
Free & Clear · 19 yrs held
Mailing address
5211 W LOCUST AVE, FRESNO, CA 93722-2105
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2006
—
Cayme V M & G C Living Trust
Cayme,victorio M & Grata
Quit Claim Deed
related
—
Jun 13, 1990
$260,000
Cayme,victorio M
Hernandez,manuel
Trustees Deed
$195,000 · Great Western Bank
May 20, 1983
$25,500
—
—
Grant Deed
related
—
—
—
Victorio M Cayme
—
Deed Of Trust
related
—
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.
Try Rey
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