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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Apartment buildings
1308 Carlson Blvd Richmond, CA 94804-4962
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1123901
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
5,322 SF
Lot
0.26 ac (11,250 SF)
APN
508-082-020-1
UPID
US09-1123901
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
$1.74M
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.75M
Owner & transaction history
Kyle N Spence · 4 yrs held
Kyle N Spence
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+86.8%
Medical building
$1.9M
+55.1%
Commercial (general)
$1.5M
+20.8%
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
$1,835,000
ML approach
$1,740,000
CAP Approach
CAP Return
Estimation
6%
$1,285,000
6.5%
$1,185,000
7%
$1,100,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,245,000
Current use
RESTAURANT
$2,325,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$1,935,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,505,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,375,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$1,315,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $1.75M (May 19 2022)
Last sale anchor
$1.75M
May 19 2022
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
$329 / 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
$30,488
Tax year 2024
Assessed value
$1,833,570
Assessed 2024
Previous assessed
$1,833,570
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$936,360
Assessed improvement
$897,210
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
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Units
8
Rooms
8
Total area
5,322 SF
Lot
0.26 ac (11,250 SF)
APN
508-082-020-1
UPID
US09-1123901
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
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
1964
Heating
NONE
Stories
1
Units
8
Rooms
8
Lot
0.26 ac
Current owner
From public records · entity-resolved
Kyle N Spence
Individual
Mailing address
1380 NATOMA ST, SAN FRANCISCO, CA 94103-3620
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 19, 2022
$1,750,000
Kyle N Spence
Carlson Trio LLC
Grant Deed
$1,100,000 · Luther Burbank Savings
Feb 8, 2019
—
Carlson Trio LLC
Carlson Trio LLC
Correction Deed
related
$916,500 · Golden Pacific Bank
Sep 19, 2014
$860,000
Carlson Trio LLC
1308 Carlson Blvd LLC
Grant Deed
$635,000 · Umpqua Bank
Oct 11, 2011
$477,500
1308 Carlson Boulevard LLC
Baker,william A & Deanna L
Grant Deed
$353,500 · Sperber M Living Trust (lt)
Oct 11, 2011
—
Linda Darrah
Darrah,raymond V
Affidavit Of Death
related
—
Jan 29, 2001
—
Alan V Caruso
Caruso Trust
Quit Claim Deed
related
—
Nov 30, 1999
—
Alan V Caruso
Caruso Trust
Quit Claim Deed
related
—
Jun 26, 1998
—
Alan V Caruco
Caruso Trust
Quit Claim Deed
related
—
Dec 16, 1997
—
Alan V Caruso
Caruso Trust
Quit Claim Deed
related
—
—
—
1308 Carlson Blvd LLC
—
Deed Of Trust
related
$353,500 · Fremont 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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