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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Warehouses
6401 Shepard Pl California City, CA 93505-6020
Trust Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0436960
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
WOOD
Total area
12,500 SF
Lot
2.92 ac (127,195 SF)
Zoning code
M2
APN
216-140-01-00-7
UPID
US09-0436960
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
-
7th Standard Milling Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$470k
Blend (final)
Blend
$550k
Owner & transaction history
Joel,chitiea Separate Pr Trust · 5 yrs held
Joel,chitiea Separate Pr Trust
since 2020
7 recorded transactions
Zoning & alternative use
M2 · California City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 California City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs California City 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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$44 / 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
$6,039
Tax year 2023
Assessed value
$523,396
Assessed 2023
Previous assessed
$523,396
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$62,578
Assessed improvement
$460,818
Applied tax rate
11.0000
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
1973
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
12,500 SF
Lot
2.92 ac (127,195 SF)
Zoning code
M2
APN
216-140-01-00-7
UPID
US09-0436960
Jurisdiction
KERN
Zoning & alternative use
M2 · California City, CA
Zoning M2 · permitted uses
M2 · California City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
California City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.92 ac
Current owner
From public records · entity-resolved
Joel,chitiea Separate Pr Trust
Trust
Mailing address
3942 FREDONIA DR, LOS ANGELES, CA 90068-1214
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Oct 21, 2020
—
Joel,chitiea Separate Pr Trust
Chitiea Family Trust
Quit Claim Deed
related
—
Aug 28, 2020
—
3 E Entertainment LLC
Its A Wonderful World INC
Quit Claim Deed
related
—
Feb 2, 2016
$460,000
Its A Wonderful World INC
California City Airport Hanger
Grant Deed
$360,000 · Private Individual
Apr 19, 2010
$300,000
California City Airport Hanger
Chicago Title Co
Trustees Deed
related
—
Dec 16, 2008
—
Philip J Mundy
Wake,selmer O
Affidavit Of Death
related
—
Jul 29, 1999
$350,000
Thomas M Jackson
Mcdonnell,wallace
Grant Deed
$250,000 · Seller
Jan 14, 1993
$40,000
Wallace Mcdonnell
Merrill,morgan
Grant Deed
$210,000 · Sierra National Bank
—
—
Thomas M Jackson
—
Deed Of Trust
related
$450,000 · Elwin Trust
—
—
Thomas M Jackson
—
Deed Of Trust
related
$100,000 · Thomas
—
—
Thomas M Jackson
—
Deed Of Trust
related
$450,000 · Mortgage Co Santa Barbara
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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