Individually Owned Property summary
AI-generated overview
This exceptional investment opportunity presents the JG Gerlach Building, a 40-unit apartment building located at 1 W Richmond Ave, Richmond, CA 94801. Built in 1914, this three-story, 12,700 square foot building boasts 38 single-room occupancy units and two retail spaces, currently occupied by a hair salon and a nail salon. The property offers a strong current NOI of $293,294, representing a 7.82% cap rate, with a pro-forma NOI of $407,075 and a pro-forma cap rate of 10.86%. The asking price is $3,750,000, or $93,750 per unit, and $295.28 per square foot. Building features include seismically retrofitted masonry construction, a fully sprinklered system, 800 amp electrical service, ten separate storage units, a common area kitchen, a bitumen roof, four shared baths, and two sets of washer/dryer units. Its central location in Point Richmond offers easy access to shops, restaurants, and waterfront parks, ensuring consistent tenant demand. This property presents a compelling blend of historical charm and significant income potential, making it an ideal addition to any investment portfolio.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1914
Construction
BRICK
Total area
9,434 SF
Lot
0.08 ac (3,398 SF)
APN
558-110-005-3
UPID
US09-2946163
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sports Field & Court Sports School
-
Alternative Medicine Practice Spa & Massage Center
-
Medical Clinic Skin Care Clinic
-
Charitable Organization Social Service Agency
-
Swimming Pool Family Recreation Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
since 2019
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$2.7M
+14.3%
Auto repair, garage
$2.4M
+4.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.74M
Value range
$1.57M – $1.91M
±10% around blend
Estimated value / SF
$184 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
60
$1.57M
blend $1.74M
$1.91M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,434 SF
Lot area
0.08 ac
Year built
1914
Stories
1
APN
558-110-005-3
Assessed value
$3,226,252
Annual tax
$52,588
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.92M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.08M
@ 6.5% CAP return
$1.92M
@ 7% CAP return
$1.79M
4
Sales comparison
Partial preview
Sales approach indication
$3.17M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.0 mi away · 7,513 SF
10.9 mi away · 7,312 SF
11.1 mi away · 7,608 SF
11.3 mi away · 11,209 SF
17.3 mi away · 11,697 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.74M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 40 sales
$247
-25%
County 217 sales
$344
-46%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $184/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+14%
vs current-use indication
Auto Repair, Garage
Office Building · current use
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.23M
Move the market yield to see immediate price impact.
Value / SF
$342
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$203k
$4.07M
$2.90M
$2.26M
$226k
$4.52M
$3.23M
$2.51M
$248k
$4.97M
$3.55M
$2.76M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$1.60M
7.9 mi · Feb 2026 · $222/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$52,588
Tax year 2024
Assessed value
$3,226,252
Assessed 2024
Previous assessed
$3,226,252
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$437,456
Assessed improvement
$2,788,796
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1914
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
39
Rooms
28
Total area
9,434 SF
Lot
0.08 ac (3,398 SF)
APN
558-110-005-3
UPID
US09-2946163
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1914
Construction
BRICK
Heating
FORCED AIR
Stories
1
Units
39
Rooms
28
Lot
0.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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