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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
1255 Shell Ave Martinez, CA 94553-2857
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2689518
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Construction
WOOD FRAME
Total area
2,304 SF
Lot
0.12 ac (5,300 SF)
Zoning code
R-6
APN
375-023-009-0
UPID
US09-2689518
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$525k
Owner & transaction history
Salman A Salman · 6 yrs held
Salman A Salman
since 2019
7 recorded transactions
Zoning & alternative use
R-6 · Martinez, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$835,000
+79.7%
Commercial (general)
$800,000
+72.2%
Office building
$790,000
+70.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$465,000
Current use
MEDICAL BUILDING
$835,000
Change: +80% · Conversion: Difficult
COMMERCIAL (GENERAL)
$800,000
Change: +72% · Conversion: Easy
OFFICE BUILDING
$790,000
Change: +70% · Conversion: Easy
AUTO REPAIR, GARAGE
$610,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$228 / 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
$11,937
Tax year 2024
Assessed value
$603,754
Assessed 2024
Previous assessed
$603,754
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$241,244
Assessed improvement
$362,510
Applied tax rate
76.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Total area
2,304 SF
Lot
0.12 ac (5,300 SF)
Zoning code
R-6
APN
375-023-009-0
UPID
US09-2689518
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
R-6 · Martinez, CA
Zoning R-6 · permitted uses
R-6 · Martinez, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Martinez. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$465,000
MEDICAL BUILDING
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$800,000
OFFICE BUILDING
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$610,000
RETAIL STORES Current
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
1946
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Salman A Salman
Individual
Mailing address
PO BOX 634, RODEO, CA 94572-0634
Ownership since
2019
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
Dec 27, 2019
$643,500
Salman A Salman
Sung K Yang
Grant Deed
$412,500 · Velocity Com'l Cap
Dec 27, 2019
—
Salman A Salman
Doaa Salman
Quit Claim Deed
related
—
Jan 10, 2013
$500,000
Sung K Yang
Kim,howard H & Kelly H
Grant Deed
related
—
Dec 11, 2012
$500,000
Sung K Yang
Kim,howard H & Kelly H
Grant Deed
$817,000 · Pacific City Bank
Jan 27, 2005
—
Mi K Moon
Moon,jong K
Quit Claim Deed
related
—
Jan 27, 2005
$535,000
Howard H Kim
Moon,mi K
Grant Deed
$580,000 · Nara Bank
Mar 19, 2003
—
Mi K Moon
Chang,jong S & Ok
Grant Deed
related
—
Oct 16, 1992
$225,000
Young Cho
Kim,won K & Son
Grant Deed
$286,000 · Sacramento Commercial Bank
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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