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Property profile & analytics
OFF-MARKET
Estimated value
$6,300,000
Apartment buildings
1000 Ss Rd, Belmont, CA 94002-2247
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0067649
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
28,991 SF
Lot
0.83 ac (36,117 SF)
Zoning code
R40000
APN
045-140-400
UPID
US09-0067649
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
-
1000 South Road Apartments Condominium Complex
-
1000 South Road Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.30M
Owner & transaction history
Union Manor Apartments INC · 13 yrs held
Union Manor Apartments INC
since 2012
7 recorded transactions
Zoning & alternative use
R40000 · Belmont, 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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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)
$10,025,000
Current use
Blend value · Realmo final
$6.30M
Range $5.67M – $6.93M · ±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
$217 / 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
$120,018
Tax year 2024
Assessed value
$8,450,972
Assessed 2024
Previous assessed
$8,450,972
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$4,829,127
Assessed improvement
$3,621,845
Applied tax rate
3.0000
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
1962
Heating
NONE
Stories
3
Units
21
Rooms
76
Bathrooms
2
Total area
28,991 SF
Lot
0.83 ac (36,117 SF)
Zoning code
R40000
APN
045-140-400
UPID
US09-0067649
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R40000 · Belmont, CA
Zoning R40000 · permitted uses
R40000 · Belmont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$10.0M
APARTMENT HOUSE (5+ UNITS) Current
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
1962
Heating
NONE
Stories
3
Units
21
Rooms
76
Bathrooms
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Union Manor Apartments INC
Entity
Mailing address
20824 HILLMOOR DR, SARATOGA, CA 95070-3002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2017
—
South Joseph Partners LP
—
Deed
related
$2,800,000 · Mufg Union Bank NA
Dec 26, 2012
$26,500
Union Manor Apartments INC
Klein Family Trust
Quit Claim Deed
related
—
Dec 26, 2012
—
Joseph Partners LP South
Klein Family Trust
Quit Claim Deed
related
—
Nov 30, 2012
$2,258,000
Thomas Klein
Bwrc Highpoint LLC
Grant Deed
—
Oct 20, 2010
$3,100,000
Bwrc Highpoint LLC
Clark Belmont LLC
Grant Deed
$2,600,000 · Clark Belmont LLC
Oct 6, 2010
$3,000,000
Clark Belmont LLC
Fidelity Natl Default
Trustees Deed
related
—
Oct 1, 2010
$3,000,000
Shames-makovsky Mtg Co
Fidelity Natl Default
Trustees Deed
related
—
Jan 30, 2009
—
Belmont 1000 South Road
—
Trustees Deed
related
$750,000 · Shames-makovsky Mortgage Co
Aug 22, 2008
—
Belmont 1000 South Road
—
Trustees Deed
related
$750,000 · Shames-makovsky Mortgage Co
Nov 23, 2004
$4,050,000
Belmont 1000 South Road
Tong Millard & A Trust
Grant Deed
$3,520,000 · Imperial Capital Bank
Sep 17, 2003
—
Tong,tr
—
Deed Of Trust
related
$1,000,000 · East West Bank
Oct 31, 2002
—
Crestmont Apartments LLC
Keith,tr
Grant Deed
related
$2,450,000 · East West Bank
Jan 17, 2002
—
Keith Trust
Crestmont Apartments LLC
Grant Deed
related
—
Aug 18, 1999
—
Crestmont Apartments LLC
Panos,john J & Susan P
Grant Deed
$2,287,500 · Bay View Bank
Jan 22, 1999
$2,375,000
John J Panos
Crestmont Investors
Grant Deed
$1,662,500 · World Savings Bank
—
—
Belmont 1000 South Road
—
Deed Of Trust
related
—
—
—
Crestmont Investors
—
Deed Of Trust
related
$850,000 · Home Savings Of America
—
—
Belmont 1000 South Road
—
Deed Of Trust
related
$5,791,250 · Shames-makovsky Mortgage Co
—
—
Belmont 1000 South Road
—
Deed Of Trust
related
$4,650,000 · Shames-makovsky Mortgage Co
—
—
Belmont 1000 South Road
—
Deed Of Trust
related
$5,650,000 · Shames-makovsky Mortgage Co
—
—
Belmont 1000 South Road
—
Deed Of Trust
related
$1,200,306 · Shames-makovsky Mortgage Co
—
—
Belmont 1000 South Road
—
Deed Of Trust
related
$8,000,000 · Adams Leonard Trust 006329
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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