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Property profile & analytics
OFF-MARKET
Estimated value
$8,420,000
Apartment buildings
1 Devonshire Blvd San Carlos, CA 94070-1771
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1284312
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
11,896 SF
Lot
0.34 ac (14,881 SF)
APN
049-331-040
UPID
US09-1284312
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
$8.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.49M
Blend (final)
Blend
$8.42M
Owner & transaction history
Y Clement Shek · 6 yrs held
Y Clement Shek
since 2020
Last sale
$8.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.8M
+62.7%
Restaurant
$8.0M
+48.5%
Office building
$7.6M
+40.9%
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 San Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
$8,410,000
ML approach
$8,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,415,000
Current use
RETAIL STORES
$8,810,000
Change: +63% · Conversion: Difficult
RESTAURANT
$8,045,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$7,630,000
Change: +41% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,420,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,500,000
Change: +2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,405,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$8.42M
Range $7.58M – $9.26M · ±10% · vs last sale $8.43M (Mar 24 2020)
Last sale anchor
$8.43M
Mar 24 2020
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
$708 / 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
$121,107
Tax year 2024
Assessed value
$9,033,299
Assessed 2024
Previous assessed
$9,033,299
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$6,138,355
Assessed improvement
$2,894,944
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Stories
3
Units
15
Rooms
46
Bathrooms
15
Total area
11,896 SF
Lot
0.34 ac (14,881 SF)
APN
049-331-040
UPID
US09-1284312
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
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
$5.4M
RETAIL STORES
Est. value
$8.8M
RESTAURANT
Est. value
$8.0M
OFFICE BUILDING
Est. value
$7.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1965
Heating
FORCED AIR
Stories
3
Units
15
Rooms
46
Bathrooms
15
Lot
0.34 ac
Current owner
From public records · entity-resolved
Y Clement Shek
Individual
Mailing address
20410 TOWN CTR LN STE #100, CUPERTINO, CA 95014-3219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Mar 24, 2020
$8,425,000
Y Clement Shek
Dng 450 Winchester LLC
Grant Deed
$4,975,000 · Homestreet Bank
May 17, 2018
$7,200,000
Dng 450 Wionchester Ll
Mary Profaca
Grant Deed
$4,300,000 · First Republic Bank
Jan 11, 2010
—
Profaca Robert D Trust
Profaca,christa M
Quit Claim Deed
related
—
Jan 31, 2008
$700,000
Profaca Vincenzo Trust
Profaca V Living Trust
Grant Deed
related
—
May 2, 2002
—
Profaca Trust
Profaca,vince A
Quit Claim Deed
related
—
Feb 25, 2000
—
Profaca Trust
Profaca,luciana C
Quit Claim Deed
related
—
May 14, 1999
—
Diana Profaca
Vaede,roger
Quit Claim Deed
related
—
May 5, 1992
—
Profaca Robert Trustee
Profaca Vincenzo
Quit Claim 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.
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