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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Apartment buildings
1145 Washington Ave Albany, CA 94706-1635
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-8205328
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
5,532 SF
Lot
0.11 ac (5,000 SF)
APN
66-2810-18-1
UPID
US09-8205328
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
$2.55M
CAP Approach
CAP
$1.69M
Comparable Approach
Comparable
$2.46M
Blend (final)
Blend
$2.55M
Owner & transaction history
Catherine Joseph · 2 yrs held
Catherine Joseph
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+67.3%
Restaurant
$2.8M
+57.4%
Office building
$2.7M
+50.9%
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
$2,550,000
ML approach
$2,550,000
CAP Approach
CAP Return
Estimation
6%
$1,835,000
6.5%
$1,690,000
7%
$1,570,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,770,000
Current use
MEDICAL BUILDING
$2,960,000
Change: +67% · Conversion: Moderate
RESTAURANT
$2,785,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$2,670,000
Change: +51% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,495,000
Change: +41% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,350,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$2,000,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,780,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10% · vs last sale $2.55M (Jun 7 2024)
Last sale anchor
$2.55M
Jun 7 2024
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
$461 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$49,665
Tax year 2023
Assessed value
$2,674,299
Assessed 2024
Previous assessed
$2,621,867
+2.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$1,249,360
Assessed improvement
$1,424,939
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
8
Bathrooms
8
Total area
5,532 SF
Lot
0.11 ac (5,000 SF)
APN
66-2810-18-1
UPID
US09-8205328
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, 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
$1.8M
MEDICAL BUILDING
Est. value
$3.0M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RETAIL STORES
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1962
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
8
Bathrooms
8
Lot
0.11 ac
Current owner
From public records · entity-resolved
Catherine Joseph
Individual
Mailing address
14 LORITA AVE, PIEDMONT, CA 94611-3922
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
$2,550,000
Catherine Joseph
Esmht LLC
Grant Deed
—
Jul 12, 2023
—
4 Leaf Clover Investments LLC
—
Deed
related
$750,000 · Esmht LLC
Jun 28, 2019
—
Esmht LLC
—
Deed
related
$300,000 · R3 Hldgs LLC
Feb 15, 2019
—
Esmht LLC
—
Deed
related
$1,857,780 · Jpmorgan Chase Bank NA
Jun 8, 2018
—
Esmht LLC
—
Deed
related
$1,732,500 · 5 Arch Fndg
Mar 14, 2018
$19,475,182
Esmht LLC
Thms LLC
Grant Deed
—
Nov 20, 2013
—
Thms LLC
Esmht LLC
Quit Claim Deed
$1,040,000 · Comerica Bank
Aug 24, 2007
$1,650,000
Esmht LLC
Wong,john
Grant Deed
$1,135,000 · United Commercial Bank
Jan 28, 1998
$116,000
John Wong
Wong,john
Grant Deed
related
$410,000 · Home Savings Of America
Jun 20, 1994
—
Carol A Wong
Wong,carol A
Quit Claim Deed
related
—
Mar 1, 1979
—
—
—
Grant Deed
related
—
—
—
Esmht LLC
—
Deed Of Trust
related
$300,000 · R3 Hldgs LLC
—
—
John Wong
—
Deed Of Trust
related
$560,000 · Washington Mutual Fsb
—
—
Esmht LLC
—
Deed Of Trust
related
$1,732,500 · 5 Arch Fndg
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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