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Property profile & analytics
OFF-MARKET
Estimated value
$14,025,000
Apartment buildings
1333 Steele Ln Santa Rosa, CA 95403-2991
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1293046
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1966
Construction
WOOD
Total area
63,099 SF
Lot
2.43 ac (105,850 SF)
APN
015-661-043-000
UPID
US09-1293046
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
-
Nueva Vista Apartments Apartments
-
B W Construction Construction Company
-
The Palms At Coddingtown Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.86M
CAP Approach
CAP
$16.96M
Comparable Approach
Comparable
$11.65M
Blend (final)
Blend
$14.03M
Owner & transaction history
Macdonald Gordon · 3 yrs held
Macdonald Gordon
since 2023
Last sale
$14.8M
7 recorded transactions
Zoning & alternative use
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 Santa Rosa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Rosa 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
$15,170,000
ML approach
$10,855,000
CAP Approach
CAP Return
Estimation
6%
$18,370,000
6.5%
$16,955,000
7%
$15,745,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$23,185,000
Change: -17% · Conversion: Moderate
OFFICE BUILDING
$22,560,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$14.03M
Range $12.62M – $15.43M · ±10% · vs last sale $14.75M (Apr 28 2023)
Last sale anchor
$14.75M
Apr 28 2023
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
$222 / 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
$87,571
Tax year 2024
Assessed value
$7,594,221
Assessed 2024
Previous assessed
$7,594,221
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,733,093
Assessed improvement
$4,861,128
Applied tax rate
4.0000
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 (100+ UNITS)
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
3
Units
74
Rooms
432
Bathrooms
216
Total area
63,099 SF
Lot
2.43 ac (105,850 SF)
APN
015-661-043-000
UPID
US09-1293046
Jurisdiction
SONOMA
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
MEDICAL BUILDING
Est. value
$23.2M
OFFICE BUILDING
Est. value
$22.6M
MEDICAL BUILDING
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
1966
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
74
Rooms
432
Bathrooms
216
Lot
2.43 ac
Current owner
From public records · entity-resolved
Macdonald Gordon
Individual
Mailing address
1040 REDWOOD HWY FRONTAGE RD, MILL VALLEY, CA 94941-1613
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Apr 28, 2023
$14,750,000
Macdonald Gordon
Susan M Mitchell
Grant Deed
$8,400,000 · First Republic Bank
Aug 9, 2018
—
Michele L Gueron
Perlmutter,wayne
Quit Claim Deed
$5,000,000 · Jpmorgan Chase Bk NA
Dec 2, 2014
—
Susan M Trust|gueron Nicol Mitchell
Albert & Marion Mitchell Famil
Quit Claim Deed
—
May 15, 2013
—
Nueva Vista Apartments LP
Nueva Vista Apartments LP
Grant Deed
related
$3,350,000 · Jpmorgan Chase Bank NA
Sep 13, 2000
$5,150,000
Nueva Vista Apartments LP
Hawkins Trust
Grant Deed
$3,500,000 · World Savings Bank
May 11, 1999
—
Hawkins Trust
Investors LLC
Grant Deed
related
—
Aug 25, 1997
$3,275,000
Mcbride Steele Investors LLC
Gerard Trust
Grant Deed
$2,456,250 · American Savings Bank
Aug 19, 1993
—
Gerard Trust
Gerard Trust
Quit Claim Deed
related
$1,300,000 · American Savings Bank
—
—
Nueva Vista Apartments LP
—
Deed Of Trust
related
$5,000,000 · Jpmorgan Chase Bk NA
—
—
Mcbride Steele Inv LLC
—
Deed Of Trust
related
$250,000 · Individual
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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