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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Strip malls
862 Hobsonway, Blythe, CA 92225-1800
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-3348481
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
WOOD
Total area
3,600 SF
Lot
0.13 ac (5,662 SF)
Zoning code
C2
APN
854-020-022
UPID
US09-3348481
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
$700k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Francisco Landeros · 7 yrs held
Francisco Landeros
since 2018
7 recorded transactions
Zoning & alternative use
C2 · Blythe, 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 Blythe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blythe 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%
$755,000
6.5%
$700,000
7%
$650,000
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$139 / 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
$2,199
Tax year 2024
Assessed value
$196,853
Assessed 2024
Previous assessed
$196,853
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$32,808
Assessed improvement
$164,045
Applied tax rate
3.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
NONE
Stories
1
Total area
3,600 SF
Lot
0.13 ac (5,662 SF)
Zoning code
C2
APN
854-020-022
UPID
US09-3348481
Jurisdiction
RIVERSIDE
Zoning & alternative use
C2 · Blythe, CA
Zoning C2 · permitted uses
C2 · Blythe, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blythe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Francisco Landeros
Individual
Mailing address
PO BOX 52717, RIVERSIDE, CA 92517-3717
Ownership since
2018
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
Aug 19, 2024
—
Francisco Landeros
—
Deed
related
$300,000 · Mosaic Escrow INC
Nov 16, 2018
$1,800,000
Francisco Landeros
Byb Holdings LLC
Grant Deed
$500,000 · Rho Young C & Young S (te)
Aug 7, 2014
$900,000
Byb Holdings LLC
Fidelity National Title Co
Trustees Deed
related
—
May 3, 2013
—
Jane Kim
E & E Global LLC
Quit Claim Deed
—
Mar 15, 2011
—
E & E Global LLC
Kim,chong H J
Quit Claim Deed
related
—
Dec 18, 2009
—
Chong H J Kim
Missouri Plaza LLC
Grant Deed
$2,300,000 · Missouri Plaza LLC
Jul 31, 2007
$3,175,000
Missouri Plaza LLC
Christ Family Trust
Grant Deed
$2,400,000 · Truman Bank
Feb 9, 1999
$110,206
Foster Living Trust
700 Market Associateds Xiii
Trustees Deed
—
Jun 30, 1995
—
700 Market Associates Xiii
—
Deed Of Trust
related
$1,025,000 · Liberty National Bank
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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