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Property profile & analytics
OFF-MARKET
Estimated value
$2,850,000
Apartment buildings
1230 Pne St Martinez, CA 94553-1764
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0392862
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1927
Total area
9,646 SF
Lot
0.22 ac (9,583 SF)
APN
374-073-010-0
UPID
US09-0392862
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
$2.85M
CAP Approach
CAP
$2.36M
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$2.85M
Owner & transaction history
1230 Pine LLC · 1 yrs held
1230 Pine LLC
since 2024
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+72.4%
Medical building
$3.5M
+43.2%
Commercial (general)
$3.4M
+37.2%
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 Martinez submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martinez 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
$2,850,000
ML approach
$2,850,000
CAP Approach
CAP Return
Estimation
6%
$2,555,000
6.5%
$2,360,000
7%
$2,190,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,445,000
Current use
RESTAURANT
$4,220,000
Change: +72% · Conversion: Difficult
MEDICAL BUILDING
$3,505,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,355,000
Change: +37% · Conversion: Moderate
OFFICE BUILDING
$3,315,000
Change: +36% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,560,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.85M
Range $2.57M – $3.14M · ±10% · vs last sale $2.85M (Jul 29 2024)
Last sale anchor
$2.85M
Jul 29 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
$295 / 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
$29,812
Tax year 2024
Assessed value
$1,447,723
Assessed 2024
Previous assessed
$1,447,723
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$436,593
Assessed improvement
$1,011,130
Applied tax rate
5.0000
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
1927
Heating
NONE
Stories
1
Total area
9,646 SF
Lot
0.22 ac (9,583 SF)
APN
374-073-010-0
UPID
US09-0392862
Jurisdiction
CONTRA COSTA
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
$2.4M
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1927
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
1230 Pine LLC
Entity
Mailing address
5767 BROADWAY CTR STE #201, OAKLAND, CA 94618-1594
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2024
$2,850,000
1230 Pine LLC
Sowardkamola Properties LLC
Grant Deed
$2,850,000 · Owr Mechanical INC
Jun 1, 2016
—
Sowardkamola Properties LLC
—
Deed
related
$763,000 · First Foundation Bank
Oct 29, 2009
$1,135,000
Sowardkamola Properties LLC
Marcotte & Sons Limited Partnership
Grant Deed
$805,000 · Luther Burbank Savings
Mar 3, 2004
—
Marcotte & Sons Ltd
Varni,anthony B
Quit Claim Deed
related
—
Nov 25, 2003
—
Marcotte,tr
Marcotte,albert
Quit Claim Deed
related
$625,000 · Washington Mutual Fsb
Nov 17, 2000
—
Albert R Marcotte
Marcotte,barbara
Quit Claim Deed
related
—
Nov 17, 2000
$815,000
Mcarcotte Trust
Habecker Trust
Trustees Deed
$611,250 · Bay View Bank
May 22, 1997
—
Habecker Trust
Habecker Trust
Quit Claim Deed
related
—
—
—
Marcotte,tr
—
Deed Of Trust
related
$330,000 · Charles & Alicia Wood
—
—
Sowardkamola Properties LLC
—
Deed Of Trust
related
$810,000 · Bank Of Internet USA
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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