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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
12976 San Pablo Ave Richmond, CA 94805-1307
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-0347512
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1946
Total area
2,757 SF
Lot
0.14 ac (5,940 SF)
Zoning code
C-2
APN
523-011-027-1
UPID
US09-0347512
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
-
UNICOM INSURANCE & FINANCIAL SERVICES LLC Insurance Agency
-
Unicom Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$500k
Owner & transaction history
Unicom Properties LLC · 9 yrs held
Unicom Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Richmond, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$780,000
+14.3%
Auto repair, garage
$710,000
+4.4%
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
$355,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$680,000
Current use
COMMERCIAL (GENERAL)
$780,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$710,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$181 / 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
$13,415
Tax year 2024
Assessed value
$360,687
Assessed 2024
Previous assessed
$360,687
+0.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$168,965
Assessed improvement
$191,722
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1946
Heating
NONE
Stories
1
Units
2
Rooms
2
Total area
2,757 SF
Lot
0.14 ac (5,940 SF)
Zoning code
C-2
APN
523-011-027-1
UPID
US09-0347512
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Richmond, CA
Zoning C-2 · permitted uses
C-2 · Richmond, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$710,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
Heating
NONE
Stories
1
Units
2
Rooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Unicom Properties LLC
Entity
Mailing address
PO BOX 3392, ANTIOCH, CA 94531-3392
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2017
$475,000
Unicom Properties LLC
Lammers Props LLC
Grant Deed
$375,000 · Private Individual
Apr 5, 2010
—
Lammers Props LLC
Foreclosure Specialists
Trustees Deed
related
—
Feb 19, 2010
—
El Sobrante Ents INC
Smith,raymond D
Quit Claim Deed
related
—
Aug 1, 2003
$242,500
Raymond D Smith
Pashai,mario I & Ahsaneh S
Grant Deed
$65,000 · Mario I & Ahsaneh S Pashai
May 6, 2002
$385,000
Mario I Pashai
Lammers Properties LLC
Grant Deed
$330,000 · Lammers Properties LLC
Jul 24, 1996
—
Lammers Properties LLC
Lammers & Lammers
Quit Claim Deed
related
—
May 14, 1993
—
Lammers
Lammers Victor &
Quit Claim 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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