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Property profile & analytics
OFF-MARKET
Estimated value
$2,160,000
Apartment buildings
714 Sanders St Ridgecrest, CA 93555-3537
Individually Owned
Property ID
US09-0608414
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
23,200 SF
Lot
0.83 ac (36,154 SF)
Zoning code
R-2
APN
067-033-22-00-1
UPID
US09-0608414
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
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.16M
Owner & transaction history
Marc Leblanc
Marc Leblanc
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
R-2 · Ridgecrest, 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 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
$2,125,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,460,000
Current use
AUTO REPAIR, GARAGE
$3,220,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,945,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$2,920,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.16M
Range $1.94M – $2.38M · ±10% · vs last sale $2.19M (Feb 6 2023)
Last sale anchor
$2.19M
Feb 6 2023
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
$93 / 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
$39,194
Tax year 2023
Assessed value
$2,277,435
Assessed 2023
Previous assessed
$2,277,435
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$124,848
Assessed improvement
$2,152,587
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
1973
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
31
Total area
23,200 SF
Lot
0.83 ac (36,154 SF)
Zoning code
R-2
APN
067-033-22-00-1
UPID
US09-0608414
Jurisdiction
KERN
Zoning & alternative use
R-2 · Ridgecrest, CA
Zoning R-2 · permitted uses
R-2 · 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
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1973
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
31
Lot
0.83 ac
Current owner
From public records · entity-resolved
Marc Leblanc
Individual
Mailing address
951 E TREAT AVE, RIDGECREST, CA 93555-8148
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2025
$2,400,000
Marc Leblanc
Patrick & Crystal Coakley LLC
Grant Deed
—
Feb 6, 2023
—
Patrick And Crystal Coakley LLC
Patrick Coakley
Intrafamily Transfer
related
—
Jun 4, 2021
$2,189,000
Patrick Coakley
Tet 2 LLC
Grant Deed
$1,080,000 · Bay Commercial Bank
Jul 26, 2019
—
Tet2 LLC
L & E Properties LLC
Grant Deed
$1,195,440 · Us Bank Trust Co NA
Mar 1, 2019
—
Cruz Bernard LLC
—
Deed
related
$1,201,000 · Us Bank NA
Feb 15, 2019
$1,650,000
L & E Properties LLC
Sanders Street Apts LLC
Grant Deed
$1,283,000 · Fred Klonsky
Dec 4, 2006
—
Sanders Street Apartments LLC
Vanzant,jerry B & Susan L
Grant Deed
—
Jun 28, 2005
$1,630,000
Jerry B Vanzant
Wright,daniel R & Cheryl A
Grant Deed
$1,100,000 · Daniel R & Cheryl A Wright
Oct 22, 1999
$263,000
Daniel R Wright
Commercial Investors Assoc
Grant Deed
$171,000 · Monument National Bank
Aug 13, 1990
$900,000
Allyn R Berryman
Commercial Inv A
Grant Deed
$620,000 · Seller
—
—
Sanders Street Apartments LLC
—
Deed Of Trust
related
$40,000 · Mark S Austerlitz
—
—
Sanders Street Apartments LLC
—
Deed Of Trust
related
$145,000 · Private Individual
—
—
Sanders Street Apartments LLC
—
Deed Of Trust
related
$105,000 · Benson Jarzyna
—
—
Daniel R Wright
—
Deed Of Trust
related
$716,250 · Altaone FCU
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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