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Property profile & analytics
OFF-MARKET
Estimated value
$5,195,000
Apartment buildings
125 Pajaro Cir Freedom, CA 95019-2936
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US09-2915706
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2006
Construction
WOOD
Total area
15,338 SF
Lot
3.35 ac (145,926 SF)
Zoning code
RM-4-GH
APN
048-041-55
UPID
US09-2915706
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
-
Pajaro Valley Housing Corporation Local Government Office
-
Corralitos Creek Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.20M
Owner & transaction history
Corralitos Creek Housing · 22 yrs held
Corralitos Creek Housing
since 2003
7 recorded transactions
Zoning & alternative use
RM-4-GH · Freedom, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Freedom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freedom 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
by Request
CAP Approach
CAP Return
Estimation
6%
$6,580,000
6.5%
$6,075,000
7%
$5,640,000
Blend value · Realmo final
$5.20M
Range $4.68M – $5.71M · ±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
$339 / 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
$25,192
Tax year 2024
Assessed value
$5,529,775
Assessed 2024
Previous assessed
$5,529,775
+0.0% YoY
Effective rate
0.46%
On assessed value
Assessed land
$1,235,622
Assessed improvement
$4,294,153
Applied tax rate
69.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2006
Construction
WOOD
Heating
FORCED AIR
Units
20
Rooms
68
Total area
15,338 SF
Lot
3.35 ac (145,926 SF)
Zoning code
RM-4-GH
APN
048-041-55
UPID
US09-2915706
Jurisdiction
SANTA CRUZ
Zoning & alternative use
RM-4-GH · Freedom, CAZoning RM-4-GH · permitted uses
RM-4-GH · Freedom, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
FORCED AIR
Units
20
Rooms
68
Lot
3.35 ac
Current owner
From public records · entity-resolved
Corralitos Creek Housing
Individual
Mailing address
22645 GRAND ST, HAYWARD, CA 94541-5031
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2004
—
Creek Assn Corralitos
—
Deed Of Trust
related
$3,390,777 · State Department Housing Ca
Oct 29, 2003
—
Corralitos Creek Associates
—
Grant Deed
related
$7,250,000 · Wells Fargo Bank
Aug 7, 2003
—
Corralitos Creek Housing
South County Housing Corp
Grant Deed
related
—
—
—
South County Housing Corp
—
Deed Of Trust
related
$703,000 · Redevelopment Agency Santa Cru
—
—
Creek Assn Corralitos
—
Deed Of Trust
related
$700,000 · State Department Housing Ca
—
—
Corralitos Creek Associates
—
Deed Of Trust
related
$155,000 · Redevelopment Agency Santa Cru
—
—
South County Housing Corp
—
Deed Of Trust
related
$750,000 · Local Initiatives Support Corp
—
—
Corralitos Creek Associates
—
Deed Of Trust
related
$325,000 · Redevelopment Agency Santa Cru
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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