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Property profile & analytics
FOR SALE
Industrial properties
Underwood Ave California City, CA 93505
Trust Owned
Free & Clear
Property ID
US09-4615706
For Sale
1 / 2
$580,000
Underwood Ave, California City, CA 93505
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2022
Construction
WOOD FRAME
Total area
17,150 SF
Lot
0.9 ac (39,204 SF)
Zoning code
M-2
APN
206-031-33-00-2
UPID
US09-4615706
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
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$361k
Blend (final)
Blend
$580k
Owner & transaction history
Dbm Trust
Dbm Trust
since 2026
7 recorded transactions
Zoning & alternative use
M-2 · California City, 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 California City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs California City 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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$34 / 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
$3,301
Tax year 2023
Assessed value
$278,015
Assessed 2023
Previous assessed
$278,015
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$83,115
Assessed improvement
$194,900
Applied tax rate
11.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
2022
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Units
14
Total area
17,150 SF
Lot
0.9 ac (39,204 SF)
Zoning code
M-2
APN
206-031-33-00-2
UPID
US09-4615706
Jurisdiction
KERN
Zoning & alternative use
M-2 · California City, CA
Zoning M-2 · permitted uses
M-2 · California City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
California City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Units
14
Lot
0.9 ac
Current owner
From public records · entity-resolved
Dbm Trust
Trust
Free & Clear · 0 yrs held
Mailing address
678 E WALNUT ST UNIT #304, PASADENA, CA 91101-2283
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
$340,000
Dbm Trust
Volodya Nalbandyan
Deed
—
Nov 23, 2021
—
Volodya Nalbandyan
—
Deed
related
$300,000 · Jason K Kotansky
Oct 24, 2017
—
Vasili Merabishvili
Nalbandyan,vardui
Quit Claim Deed
related
—
Oct 24, 2017
$76,000
Volodya Nalbandyan
Garcia,heriberto G & Ana R
Grant Deed
—
Nov 30, 2005
$21,000
Heriberto G Garcia
Hillmann Trust
Grant Deed
—
Dec 8, 1995
—
Hillmann Trust
Hillmann,harry R
Quit Claim Deed
related
—
Jan 31, 1969
—
Hillmann,harry Robert Trust
—
Grant Deed
related
—
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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