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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office Spaces
123 D St Davis, CA 95616-4625
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-0181044
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1924
Construction
WOOD
Total area
1,612 SF
Lot
0.18 ac (7,840 SF)
Zoning code
M-U
APN
070-233-005-000
UPID
US09-0181044
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
-
Pomegranate Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$543k
Blend (final)
Blend
$520k
Owner & transaction history
Matthew Edward Smith · 4 yrs held
Matthew Edward Smith
since 2021
5 recorded transactions
Zoning & alternative use
M-U · Davis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$740,000
+4.8%
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 Davis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davis 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
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$705,000
Current use
OFFICE BUILDING
$740,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$323 / 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
$8,458
Tax year 2023
Assessed value
$630,000
Assessed 2023
Previous assessed
$630,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$360,000
Assessed improvement
$270,000
Applied tax rate
1.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1924
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,612 SF
Lot
0.18 ac (7,840 SF)
Zoning code
M-U
APN
070-233-005-000
UPID
US09-0181044
Jurisdiction
YOLO
Zoning & alternative use
M-U · Davis, CA
Zoning M-U · permitted uses
M-U · Davis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$705,000
OFFICE BUILDING
Est. value
$740,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1924
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Matthew Edward Smith
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 1329, SONOMA, CA 95476-1329
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2021
—
Matthew Edward Smith
Matthew E Smith
Intrafamily Transfer
related
—
Oct 26, 2021
—
Jeffrey Gardner Smith
Jeffrey G Smith
Intrafamily Transfer
related
—
May 30, 2008
—
Matthew E Smith
Smith,erin C
Quit Claim Deed
related
—
May 30, 2008
$575,000
Smith E P & N M 2006 Trust
Smith,dennis T
Grant Deed
related
—
Apr 29, 2008
—
Standot Trust A
Standot Trust
Quit Claim Deed
related
—
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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