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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Retail space
12478 San Pablo Ave Richmond, CA 94805
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0443426
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Total area
2,700 SF
Lot
0.28 ac (12,000 SF)
APN
519-010-024-7
UPID
US09-0443426
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
$545k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$735k
Blend (final)
Blend
$560k
Owner & transaction history
Timothy G Manhart · 2 yrs held
Timothy G Manhart
since 2023
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$765,000
+48.3%
Auto repair, garage
$695,000
+35.4%
Office building
$670,000
+29.7%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$540,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
RETAIL STORES
$515,000
Current use
COMMERCIAL (GENERAL)
$765,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$670,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $580k (Sep 5 2023)
Last sale anchor
$580k
Sep 5 2023
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
$207 / 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
$10,841
Tax year 2024
Assessed value
$664,959
Assessed 2024
Previous assessed
$664,959
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$295,536
Assessed improvement
$369,423
Applied tax rate
8.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
2,700 SF
Lot
0.28 ac (12,000 SF)
APN
519-010-024-7
UPID
US09-0443426
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
RETAIL STORES Current
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$695,000
OFFICE BUILDING
Est. value
$670,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1961
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Timothy G Manhart
Individual
Free & Clear · 2 yrs held
Mailing address
5030 BUSINESS CTR DR STE #280, FAIRFIELD, CA 94534-6884
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Mar 5, 2026
—
The Timothy G Manhart Family Trust
—
Deed
related
$335,179 · Us Bank NA
Sep 5, 2023
—
Timothy G Manhart
Timothy G Manhart
Intrafamily Transfer
related
—
Sep 1, 2023
—
Timothy G Manhart
Timothy Manhart
Intrafamily Transfer
related
—
Feb 24, 2012
—
Timothy Manhart
Manhart,timothy & Katherine
Quit Claim Deed
related
—
Nov 18, 2011
—
Timothy Manhart
Manhart,timothy
Quit Claim Deed
related
—
Aug 31, 2011
—
Timothy Manhart
Hertel,katherine M
Quit Claim Deed
related
—
Aug 31, 2011
$580,000
Timothy Manhart
Watson Trust
Grant Deed
$550,000 · Watson Trust (rt)
Apr 12, 2004
—
Watson,tr
Watson,douglas H & Gloria K
Quit Claim Deed
related
—
Jul 26, 2001
$400,000
Douglas H Watson
Hershman Trust
Grant Deed
$275,000 · Hershman Trust
Mar 19, 1979
$120,000
—
—
Grant 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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