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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Strip malls
901 Heritage Dr Ridgecrest, CA 93555-5532
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-0111956
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
WOOD
Total area
23,259 SF
Lot
1.93 ac (84,070 SF)
Zoning code
PUD
APN
421-010-16-00-9
UPID
US09-0111956
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
-
Mac's International Restaurant Restaurant
-
Decanter Lounge Bar & Pub
-
Stella's Play Place Family Recreation Center
-
Epsilon Systems Solutions Inc Sustainability Organization Volunteer Organization
-
Andrew Whalley Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Hong Bennett · 2 yrs held
Hong Bennett
since 2023
6 recorded transactions
Zoning & alternative use
PUD · Ridgecrest, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$95 / 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
$22,192
Tax year 2023
Assessed value
$1,825,000
Assessed 2023
Previous assessed
$1,825,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$400,000
Assessed improvement
$1,425,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Units
11
Total area
23,259 SF
Lot
1.93 ac (84,070 SF)
Zoning code
PUD
APN
421-010-16-00-9
UPID
US09-0111956
Jurisdiction
KERN
Zoning & alternative use
PUD · Ridgecrest, CA
Zoning PUD · permitted uses
PUD · 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.
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
11
Lot
1.93 ac
Current owner
From public records · entity-resolved
Hong Bennett
Individual
Free & Clear · 2 yrs held
Mailing address
149 WELLESLEY CRES, REDWOOD CITY, CA 94062-1700
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
—
Hong Bennett
Hong Bennett
Intrafamily Transfer
related
—
Jul 6, 2005
—
Ruth E Verdone
Heritage Plaza LLC
Grant Deed
—
Aug 29, 1996
$711,000
Bankers Trust Co Ca Trustee
Gregory,james H
Trustees Deed
related
—
Nov 20, 1992
—
James H Gregory
Schwartz,lionel
Grant Deed
$1,258,158 · Seller
—
—
Heritage Plaza LLC
—
Deed Of Trust
related
$173,891 · Individual
—
—
Heritage Place LLC
—
Deed Of Trust
related
$1,447,200 · Business Bank Of California
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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