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Property profile & analytics
OFF-MARKET
Estimated value
$6,150,000
Apartment buildings
1205 Alameda De Las Pulgas, Belmont, CA 94002-3554
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1302249
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Total area
13,375 SF
Lot
0.46 ac (19,838 SF)
APN
045-081-420
UPID
US09-1302249
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
-
Alameda Court Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.83M
CAP Approach
CAP
$5.60M
Comparable Approach
Comparable
$6.34M
Blend (final)
Blend
$6.15M
Owner & transaction history
Si Lan L Stahlhut · 5 yrs held
Si Lan L Stahlhut
since 2021
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.0M
+95.5%
Office building
$8.6M
+85.5%
Neighborhood: shopping center
$7.2M
+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
$6,720,000
ML approach
$6,830,000
CAP Approach
CAP Return
Estimation
6%
$6,065,000
6.5%
$5,600,000
7%
$5,200,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,625,000
Current use
RESTAURANT
$9,045,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$8,580,000
Change: +85% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,220,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$6,800,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,180,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,075,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,120,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$6.15M
Range $5.54M – $6.77M · ±10% · vs last sale $5.70M (Jan 22 2021)
Last sale anchor
$5.70M
Jan 22 2021
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
$460 / 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
$87,482
Tax year 2024
Assessed value
$6,045,989
Assessed 2024
Previous assessed
$6,045,989
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$4,244,832
Assessed improvement
$1,801,157
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
1958
Heating
NONE
Stories
2
Units
16
Rooms
52
Bathrooms
16
Total area
13,375 SF
Lot
0.46 ac (19,838 SF)
APN
045-081-420
UPID
US09-1302249
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
$4.6M
RESTAURANT
Est. value
$9.0M
OFFICE BUILDING
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
RETAIL STORES
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$5.1M
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
1958
Heating
NONE
Stories
2
Units
16
Rooms
52
Bathrooms
16
Lot
0.46 ac
Current owner
From public records · entity-resolved
Si Lan L Stahlhut
Individual
Mailing address
1416 5TH AVE, BELMONT, CA 94002-3833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
$5,697,500
Si Lan L Stahlhut
Julie A Kierstine
Grant Deed
$3,000,000 · First Republic Bank
Jun 19, 2019
—
Julie A Kierstine
—
Deed
related
$700,000 · Luther Burbank Savings
Jun 29, 1992
—
Kierstine Wilmette Trustee
Kierstine,wilmet
Quit Claim Deed
related
—
—
—
Kierstine Trust
—
Deed Of Trust
related
$315,000 · World Savings Bank
—
—
Kierstine Wilmette A Trust
—
Deed Of Trust
related
$100,000 · Wachovia Mortgage Fsb
—
—
Kierstine,tr
—
Deed Of Trust
related
$50,000 · World Savings Bank
—
—
Kierstine Wilmette A Trust
—
Deed Of Trust
related
$560,000 · World Savings
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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