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Property profile & analytics
OFF-MARKET
Estimated value
$3,895,000
Apartment buildings
919 Heritage Dr Ridgecrest, CA 93555-5547
Entity Owned
6-yr Hold
Property ID
US09-3227510
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
31,770 SF
Lot
2.19 ac (95,396 SF)
Zoning code
C
APN
421-210-03-00-9
UPID
US09-3227510
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
-
Village Retreat Parking Lot Parking Lot & Garage
-
Village Retreat Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$3.90M
Owner & transaction history
Blue Sky Adventures LLC · 6 yrs held
Blue Sky Adventures LLC
since 2019
7 recorded transactions
Zoning & alternative use
C · Ridgecrest, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.2M
+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
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)
$4,735,000
Current use
OFFICE BUILDING
$6,155,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,410,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,035,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$3,995,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.90M
Range $3.51M – $4.28M · ±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
$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
$92,996
Tax year 2023
Assessed value
$6,707,243
Assessed 2023
Previous assessed
$6,707,243
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$614,938
Assessed improvement
$6,092,305
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
46
Total area
31,770 SF
Lot
2.19 ac (95,396 SF)
Zoning code
C
APN
421-210-03-00-9
UPID
US09-3227510
Jurisdiction
KERN
Zoning & alternative use
C · Ridgecrest, CA
Zoning C · permitted uses
C · 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
$4.7M
OFFICE BUILDING
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES
Est. value
$4.0M
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
46
Lot
2.19 ac
Current owner
From public records · entity-resolved
Blue Sky Adventures LLC
Entity
Mailing address
9530 HAGEMAN RDB460, BAKERSFIELD, CA 93312-3959
Ownership since
2019
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
Apr 4, 2023
—
Sunstart LLC
—
Deed
related
$2,500,000 · Commercial Bank Of Ca
Apr 13, 2022
—
Sunstart LLC
—
Deed
related
$6,675,000 · First Technology Federal Cu
Apr 28, 2021
—
Sunstart LLC
—
Deed
related
—
Apr 24, 2020
—
Sunstart LLC
—
Deed
related
$414,247 · Bank Of The Sierra
Dec 18, 2019
—
Blue Sky Adventures LLC
Blue Sky II INC
Quit Claim Deed
related
—
Dec 18, 2019
$6,400,000
Sunstart LLC
Blue Sky Adventures LLC
Grant Deed
$4,475,000 · Bank Of The Sierra
Mar 21, 2012
$800,000
Blue Sky II INC
Ridgecrest Heritage Inn
Grant Deed
$700,000 · Ridgecrest Heritage Inn
—
—
Sunstart LLC
—
Deed Of Trust
related
$414,247 · Bank Of The Sierra
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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