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Property profile & analytics
OFF-MARKET
Estimated value
$31,890,000
Apartment buildings
775 Belmont St, Delano, CA 93215-4146
Entity Owned
3-yr Hold
Property ID
US09-5572357
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2019
Total area
165,789 SF
Lot
11.76 ac (512,265 SF)
Zoning code
G-C
APN
521-260-22-00-8
UPID
US09-5572357
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
-
Grapevine Villa Luxury Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.39M
Comparable Approach
Comparable
$33.30M
Blend (final)
Blend
$31.89M
Owner & transaction history
Grapevine Villa LLC · 3 yrs held
Grapevine Villa LLC
since 2023
2 recorded transactions
Zoning & alternative use
G-C · Delano, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$51.4M
+108.0%
Medical building
$34.9M
+41.4%
Office building
$32.1M
+30.0%
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 Delano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delano 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%
$31,830,000
6.5%
$29,385,000
7%
$27,285,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$24,710,000
Current use
RESTAURANT
$51,405,000
Change: +108% · Conversion: Difficult
MEDICAL BUILDING
$34,945,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$32,115,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$23,005,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$21,045,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$20,975,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$31.89M
Range $28.70M – $35.08M · ±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
$192 / 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
$296,800
Tax year 2023
Assessed value
$24,275,322
Assessed 2023
Previous assessed
$24,275,322
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,226,301
Assessed improvement
$23,049,021
Applied tax rate
2.0000
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
2019
Heating
FORCED AIR
Cooling
OTHER
Stories
2
Units
144
Total area
165,789 SF
Lot
11.76 ac (512,265 SF)
Zoning code
G-C
APN
521-260-22-00-8
UPID
US09-5572357
Jurisdiction
KERN
Zoning & alternative use
G-C · Delano, CA
Zoning G-C · permitted uses
G-C · Delano, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delano. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$24.7M
RESTAURANT
Est. value
$51.4M
MEDICAL BUILDING
Est. value
$34.9M
OFFICE BUILDING
Est. value
$32.1M
AUTO REPAIR, GARAGE
Est. value
$23.0M
INDUSTRIAL (GENERAL)
Est. value
$21.0M
RETAIL STORES
Est. value
$21.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
144
Lot
11.76 ac
Current owner
From public records · entity-resolved
Grapevine Villa LLC
Entity
Mailing address
9680 FLAIR DR, EL MONTE, CA 91731-3005
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2023
—
Grapevine Villa LLC
Grapevine Villa LLC
Intrafamily Transfer
related
—
Feb 23, 2023
—
Grapevine Villa LLC
Aka Grapevine Villa LLC
Intrafamily Transfer
related
$22,209,300 · Cbre Hmf INC
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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