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Property profile & analytics
OFF-MARKET
Estimated value
$3,005,000
Apartment buildings
551 Santa Fe St Hemet, CA 92543-3028
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3016531
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1985
Construction
WOOD
Total area
8,240 SF
Lot
8.57 ac (373,309 SF)
APN
443-090-039
UPID
US09-3016531
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
-
Thumper's Freelance Services Apartment Building
-
FungiDragons Production Facility
-
Oak Terrace Senior Apartments Apartment Building
-
evomer com Publishing House
-
Master Minds Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.05M
Comparable Approach
Comparable
$3.29M
Blend (final)
Blend
$3.01M
Owner & transaction history
551 N Santa Fe St LLC · 6 yrs held
551 N Santa Fe St LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+22.0%
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 Hemet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hemet 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%
$2,225,000
6.5%
$2,050,000
7%
$1,905,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,915,000
Current use
AUTO REPAIR, GARAGE
$3,560,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,435,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.01M
Range $2.70M – $3.31M · ±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
$365 / 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
$366,833
Tax year 2024
Assessed value
$32,010,589
Assessed 2024
Previous assessed
$32,010,589
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,002,164
Assessed improvement
$29,008,425
Applied tax rate
6.0000
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 (100+ UNITS)
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Units
18
Bathrooms
2
Total area
8,240 SF
Lot
8.57 ac (373,309 SF)
APN
443-090-039
UPID
US09-3016531
Jurisdiction
RIVERSIDE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Units
18
Bathrooms
2
Lot
8.57 ac
Current owner
From public records · entity-resolved
551 N Santa Fe St LLC
Entity
Mailing address
610 N SANTA ANITA AVE, ARCADIA, CA 91006-2722
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
—
551 N Santa Fe St LLC
—
Deed
related
$6,761,000 · Capital One Bank NA
Aug 16, 2019
$30,000,000
551 N Santa Fe St LLC
Hensley Properties Oak Terrace LP
Grant Deed
$20,639,000 · Capital One NA
Dec 4, 2012
$7,750,000
Hensley Proeprties Oak Terrace LP
Hensley Investment Company LLC 2513
Quit Claim Deed
related
—
Mar 10, 1999
—
Oak Terrace Associates
—
Deed Of Trust
related
$5,850,000 · Bank Of Stockton
Aug 22, 1995
—
Vly Cablevision Etal Inland
Jamaica Bay Prop,
Grant Deed
related
—
Apr 1, 1990
$3,435,000
Jamaica Bay Prop
Exchange Accomod
Trustees Deed
related
$571,487 · Seller
Apr 1, 1990
—
Exchange Accomod
Beauchamp Robert
Trustees Deed
related
—
—
—
Hensley Properties LP
—
Deed Of Trust
related
—
—
—
Jamaica Bay Properties Ltd
—
Deed Of Trust
related
$5,170,000 · Banc One Capital Partners LP
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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