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Property profile & analytics
OFF-MARKET
Estimated value
$8,685,000
Apartment buildings
1114 Vlg Dr, Belmont, CA 94002-3459
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0977435
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Total area
34,889 SF
Lot
0.71 ac (30,735 SF)
APN
045-022-260
UPID
US09-0977435
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.69M
Owner & transaction history
Wsb Bungalows LLC · 7 yrs held
Wsb Bungalows LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$13.4M
+10.6%
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)
$12,065,000
Current use
WAREHOUSE, STORAGE
$13,350,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$8.69M
Range $7.82M – $9.55M · ±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
$249 / 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
$234,311
Tax year 2024
Assessed value
$17,498,333
Assessed 2024
Previous assessed
$17,498,333
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$9,405,354
Assessed improvement
$8,092,979
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
1959
Heating
NONE
Stories
2
Units
30
Rooms
11
Bathrooms
4
Total area
34,889 SF
Lot
0.71 ac (30,735 SF)
APN
045-022-260
UPID
US09-0977435
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
$12.1M
WAREHOUSE, STORAGE
Est. value
$13.4M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1959
Heating
NONE
Stories
2
Units
30
Rooms
11
Bathrooms
4
Lot
0.71 ac
Current owner
From public records · entity-resolved
Wsb Bungalows LLC
Entity
Mailing address
558 BREWSTER AVE STE #102, REDWOOD CITY, CA 94063-1684
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
—
Wsb Bungalows LLC
—
Deed
related
$2,250,000 · Redwood Mortgage Corp
Jun 18, 2019
$16,000,000
Wsb Bungalows LLC
Tranente One LLC
Grant Deed
$9,180,000 · Homestreet Bank
Dec 1, 2017
$15,200,000
Tranente One LLC
Village Drive LLC
Grant Deed
—
Mar 9, 2016
$182,000
Village Drive Spe 23 LLC
Village Drive LLC
Grant Deed
—
Dec 30, 2015
$4,552,000
Village Drive LLC
Village Drive Spe 2 LLC
Grant Deed
$8,287,500 · Jpmorgan Chase Bank NA
Dec 30, 2015
—
Village Drive Spe-22 LLC
Moynihan,kevin & Karen
Quit Claim Deed
—
Nov 10, 2015
$673,500
Kevin Moynihan
Village Drive LLC
Grant Deed
—
May 4, 2012
$160,000
Village Drive Spe-9 LLC
Village Drive LLC
Grant Deed
—
May 4, 2012
—
Village Drive Spe-9 LLC
Village Drive Spe-20 LLC
Quit Claim Deed
—
Dec 21, 2011
$50,000
Village Drive Spe-20 LLC
Village Drive LLC
Grant Deed
—
Sep 15, 2010
$43,500
Village Drive Spe-19 LLC
Village Drive LLC
Grant Deed
—
Jun 2, 2010
$30,000
Village Drive Spe-18 LLC
Village Drive LLC
Grant Deed
related
—
Mar 29, 2010
$150,000
Village Drive Spe-16 LLC
Village Drive LLC
Grant Deed
—
Nov 4, 2009
$138,000
Village Drive Spe 15 LLC
Village Drive LLC
Grant Deed
—
—
—
Village Drive LLC
—
Deed Of Trust
related
$650,000 · Gregory & Christopher Hoff
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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