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Property profile & analytics
OFF-MARKET
Estimated value
$3,580,000
Apartment buildings
715 B St Ramona, CA 92065-2000
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9879990
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Total area
14,104 SF
Lot
0.34 ac (14,641 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
281-312-05-00
UPID
US09-9879990
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
$3.65M
CAP Approach
CAP
$3.61M
Comparable Approach
Comparable
$4.53M
Blend (final)
Blend
$3.58M
Owner & transaction history
Northern Lights Properties LLC · 5 yrs held
Northern Lights Properties LLC
since 2020
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Ramona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.4M
+21.3%
Office building
$5.1M
+14.5%
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 Ramona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ramona 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
$3,740,000
ML approach
$3,650,000
CAP Approach
CAP Return
Estimation
6%
$3,905,000
6.5%
$3,605,000
7%
$3,350,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,440,000
Current use
AUTO REPAIR, GARAGE
$5,385,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$5,085,000
Change: +15% · Conversion: Moderate
WAREHOUSE, STORAGE
$3,995,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±10% · vs last sale $2.98M (Oct 28 2020)
Last sale anchor
$2.98M
Oct 28 2020
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
$254 / 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
$46,283
Tax year 2024
Assessed value
$2,525,674
Assessed 2024
Previous assessed
$2,525,674
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$790,599
Assessed improvement
$1,735,075
Applied tax rate
65.0000
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
1990
Heating
NONE
Units
14
Bathrooms
14
Total area
14,104 SF
Lot
0.34 ac (14,641 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
281-312-05-00
UPID
US09-9879990
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Ramona, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Ramona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ramona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1990
Heating
NONE
Units
14
Bathrooms
14
Lot
0.34 ac
Current owner
From public records · entity-resolved
Northern Lights Properties LLC
Entity
Mailing address
17047 BROKEN BOW CT, SAN DIEGO, CA 92127-2122
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2020
$2,980,000
Northern Lights Properties LLC
T Michael Turney
Grant Deed
$1,937,000 · Luther Burbank Savings
Aug 3, 2020
—
Trust Under The Hulter-turney
Hulter-turney Family Trust
Quit Claim Deed
related
—
Jan 21, 2020
—
Turney,hulter Family Trust
Margaret T Hulter
Affidavit Of Death
related
—
Aug 23, 2018
$2,500,000
Turney,hulter Family Trust
Sherrard Family Trust
Trustees Deed
$1,500,000 · Sherrard Family Trust (pt)
May 17, 2018
—
Sherrard Family Trust
Sherrard,miriam E
Affidavit Of Death
related
—
Oct 18, 1989
$800,000
William Sherrard
Stepanek Shelley
Grant Deed
$588,000 · Fidelity Federal Bank
Sep 7, 1988
$60,000
Shelley Stepanek
Swaim Patsy J
Grant Deed
$547,000 · Heartland Savings & Loan
—
—
Sherrard Family Trust
—
Deed Of Trust
related
$1,072,500 · Washington Mutual Fsb
—
—
Sherrard Trust
—
Deed Of Trust
related
$675,000 · Washington Mutual Fsb
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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