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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Apartment buildings
845 Commercial Ave El Centro, CA 92243-2342
Entity Owned
11-yr Hold
Property ID
US09-6549922
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Total area
9,214 SF
Lot
0.35 ac (15,400 SF)
APN
053-026-024-000
UPID
US09-6549922
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$750k
Owner & transaction history
Romero Family Properies LLC · 11 yrs held
Romero Family Properies LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+126.8%
Office building
$1.0M
+89.8%
Restaurant
$1.0M
+87.8%
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 El Centro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Centro 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$550,000
Current use
RETAIL STORES
$1,245,000
Change: +127% · Conversion: Difficult
OFFICE BUILDING
$1,045,000
Change: +90% · Conversion: Moderate
RESTAURANT
$1,030,000
Change: +88% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±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
$81 / 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
$10,173
Tax year 2024
Assessed value
$887,705
Assessed 2024
Previous assessed
$887,705
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$82,475
Assessed improvement
$805,230
Applied tax rate
4.0000
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
1979
Heating
NONE
Units
12
Bathrooms
1
Total area
9,214 SF
Lot
0.35 ac (15,400 SF)
APN
053-026-024-000
UPID
US09-6549922
Jurisdiction
IMPERIAL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$550,000
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
RESTAURANT
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
1979
Heating
NONE
Units
12
Bathrooms
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Romero Family Properies LLC
Entity
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2014
$750,000
Romero Family Properies LLC
Vbj Properties LLC
Grant Deed
—
Dec 18, 2008
—
Vbj Properties LLC
Jernigan,harvey L JR
Quit Claim Deed
related
—
Nov 29, 2007
$650,000
Harvey L Jernigan JR
Joseph Schmitt
Executors Deed
$487,500 · Community Valley Bank
Nov 29, 2007
—
Harvey L Jernigan
Jernigan,patricia A
Quit Claim Deed
related
—
Apr 25, 2005
—
Ho-king S Tang
Tang Family Trust
Quit Claim Deed
related
—
Apr 7, 1998
—
Tang Trust
Tang,ho-king S
Quit Claim Deed
related
—
Dec 23, 1987
$340,000
Tang,ho King Shao Trust
—
Grant Deed
related
$240,000
—
—
Romero Family Properties LLC
—
Deed Of Trust
related
$750,000 · Romero 1991 Family Trust (pt)
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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