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Property profile & analytics
OFF-MARKET
Estimated value
$6,820,000
Apartment buildings
800 Norma St Ridgecrest, CA 93555-4940
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-2702312
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD
Total area
55,228 SF
Lot
5.44 ac (236,966 SF)
Zoning code
R-3
APN
480-010-16-00-0
UPID
US09-2702312
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
$6.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.71M
Blend (final)
Blend
$6.82M
Owner & transaction history
Norma St Apts LLC · 3 yrs held
Norma St Apts LLC
since 2022
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
R-3 · Ridgecrest, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.7M
+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 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
$6,320,000
ML approach
$6,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,230,000
Current use
OFFICE BUILDING
$10,700,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,665,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,010,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$6,950,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.82M
Range $6.14M – $7.50M · ±10% · vs last sale $7.14M (Aug 10 2022)
Last sale anchor
$7.14M
Aug 10 2022
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
$123 / 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
$108,669
Tax year 2023
Assessed value
$7,140,000
Assessed 2023
Previous assessed
$7,140,000
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$235,000
Assessed improvement
$6,905,000
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
1990
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
66
Total area
55,228 SF
Lot
5.44 ac (236,966 SF)
Zoning code
R-3
APN
480-010-16-00-0
UPID
US09-2702312
Jurisdiction
KERN
Zoning & alternative use
R-3 · Ridgecrest, CA
Zoning R-3 · permitted uses
R-3 · 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
$8.2M
OFFICE BUILDING
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$7.7M
INDUSTRIAL (GENERAL)
Est. value
$7.0M
RETAIL STORES
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS) Current
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
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
66
Lot
5.44 ac
Current owner
From public records · entity-resolved
Norma St Apts LLC
Entity
Free & Clear · 3 yrs held
Mailing address
631 S OLIVE ST STE #860, LOS ANGELES, CA 90014-3654
Ownership since
2022
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 2, 2024
—
Norma St Apts LLC
—
Deed
related
$5,870,000 · East West Bank
Aug 10, 2022
$7,140,000
Norma St Apts LLC
Svpp Properties LLC
Grant Deed
—
Sep 15, 2021
$5,325,000
Svpp Properties LLC
C E C D LLC
Grant Deed
$5,325,000 · Western Alliance Bank
Feb 23, 2017
$4,200,000
C E C D LLC
Gerald Mulder
Grant Deed
$2,900,000 · Hunt Mortgage Partners LLC
Jun 28, 2005
—
Dickinson Trust
Dickinson B L & N R Trust
Quit Claim Deed
related
—
Feb 17, 2005
—
Dickinson B L & N R Trust
Norma Street Apartments
Grant Deed
related
—
Aug 6, 1996
—
William M Morris
Morris,ellen M
Quit Claim Deed
related
—
Aug 6, 1996
$7,500
Norma Street Apartments
Norma Street Apartments
Trustees Deed
related
—
Feb 1, 1994
—
Norma Street Apartments
Shorr,michael
Grant Deed
$250,000 · Monument National Bank
—
—
Norma Street Apartments
—
Deed Of Trust
related
$615,550 · Dickinson Trust
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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