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Property profile & analytics
OFF-MARKET
Estimated value
$4,485,000
Apartment buildings
1139 Vlg Dr, Belmont, CA 94002-3460
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2222091
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1959
Total area
9,275 SF
Lot
0.24 ac (10,528 SF)
APN
045-024-070
UPID
US09-2222091
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
$4.41M
CAP Approach
CAP
$3.89M
Comparable Approach
Comparable
$4.40M
Blend (final)
Blend
$4.49M
Owner & transaction history
1139 Village Drive LLC · 3 yrs held
1139 Village Drive LLC
since 2022
Last sale
$4.9M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.3M
+95.5%
Office building
$6.0M
+85.5%
Neighborhood: shopping center
$5.0M
+56.0%
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
$4,400,000
ML approach
$4,405,000
CAP Approach
CAP Return
Estimation
6%
$4,205,000
6.5%
$3,885,000
7%
$3,605,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,210,000
Current use
RESTAURANT
$6,270,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$5,950,000
Change: +85% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,005,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$4,715,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,285,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,215,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,550,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$4.49M
Range $4.04M – $4.93M · ±10% · vs last sale $4.91M (Nov 9 2022)
Last sale anchor
$4.91M
Nov 9 2022
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
$484 / 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
$63,978
Tax year 2024
Assessed value
$5,008,200
Assessed 2024
Previous assessed
$5,008,200
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,366,000
Assessed improvement
$1,642,200
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
10
Rooms
33
Bathrooms
10
Total area
9,275 SF
Lot
0.24 ac (10,528 SF)
APN
045-024-070
UPID
US09-2222091
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
$3.2M
RESTAURANT
Est. value
$6.3M
OFFICE BUILDING
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
RETAIL STORES
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
10
Rooms
33
Bathrooms
10
Lot
0.24 ac
Current owner
From public records · entity-resolved
1139 Village Drive LLC
Entity
Mailing address
950 TOWER LN STE #900, FOSTER CITY, CA 94404-2125
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
1139 Village Drive LLC
—
Deed
related
$3,000,000 · City National Bank
Nov 9, 2022
$4,910,000
1139 Village Drive LLC
Village Drive Belmont LLC
Grant Deed
—
Dec 6, 2016
$4,000,000
Village Drive Belmont LLC
Woolard Leonard C Trust
Grant Deed
—
Feb 1, 2013
—
Woolard Leonard C Trust
Woolard,leonard C
Quit Claim Deed
related
$950,000 · Fremont Bank
Mar 1, 2004
—
Woodlard,tr
Woolard,leonard C
Quit Claim Deed
related
—
—
—
Leonard C Woolard
—
Deed Of Trust
related
$770,000 · World Savings Bank
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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