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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Retail space
12620 San Pablo Ave Richmond, CA 94805-1408
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US10-3230545
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Construction
CONCRETE
Total area
4,241 SF
Lot
0.28 ac (12,000 SF)
APN
523-041-014-3
UPID
US10-3230545
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
-
Tres Hermanas Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$755k
Owner & transaction history
Minhe INC · 12 yrs held
Minhe INC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+48.3%
Auto repair, garage
$1.1M
+35.4%
Office building
$1.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
RETAIL STORES
$810,000
Current use
COMMERCIAL (GENERAL)
$1,200,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,095,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,050,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$178 / 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
$24,868
Tax year 2024
Assessed value
$1,322,001
Assessed 2024
Previous assessed
$1,322,001
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$420,635
Assessed improvement
$901,366
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
1947
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Units
2
Rooms
3
Total area
4,241 SF
Lot
0.28 ac (12,000 SF)
APN
523-041-014-3
UPID
US10-3230545
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
$810,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
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
1947
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Units
2
Rooms
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
Minhe INC
Entity
Mailing address
12620 SAN PABLO AVE, RICHMOND, CA 94805-1408
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
May 19, 2014
$1,100,000
Minhe INC
Soo Sun Cho
Grant Deed
$1,120,000 · Wilshire Bank
Feb 20, 2004
$750,000
Soo S Cho
Yang,david B & Sunny N
Grant Deed
$485,000 · Nara Bank
Oct 21, 2003
—
David B Yang
Yang,david B & Sunny N
Quit Claim Deed
related
—
Aug 6, 1998
$280,000
David B Yang
Sacramento Commercial Bank
Grant Deed
$210,000 · San Rafael Thrift & Loan
Jan 30, 1998
$217,200
Sacramento Commercial Bank
Lim,chang I & Jeong O
Trustees Deed
related
—
Mar 25, 1993
$320,000
Chang Lim
Jewell,carmen
Grant Deed
$656,000 · Sacramento Commercial Bank
—
—
Chang Lim
—
Deed Of Trust
related
$100,000 · Individual
—
—
David B Yang
—
Deed Of Trust
related
$430,000 · Money Store Investment Corp
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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