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Property profile & analytics
OFF-MARKET
Estimated value
$2,920,000
Apartment buildings
141 Magnolia Ave Millbrae, CA 94030-3048
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0658641
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Total area
6,710 SF
Lot
0.14 ac (5,959 SF)
Zoning code
R30000
APN
024-342-050
UPID
US09-0658641
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
-
Sugandh Nepali indian Restaurant Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.20M
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.92M
Owner & transaction history
Jqhk Properties LLC · 2 yrs held
Jqhk Properties LLC
since 2023
Last sale
$2.7M
6 recorded transactions
Zoning & alternative use
R30000 · Millbrae, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+104.3%
Office building
$4.3M
+93.8%
Neighborhood: shopping center
$3.6M
+63.1%
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 Millbrae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbrae 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
$3,145,000
ML approach
$3,200,000
CAP Approach
CAP Return
Estimation
6%
$3,045,000
6.5%
$2,810,000
7%
$2,610,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,220,000
Current use
RESTAURANT
$4,535,000
Change: +104% · Conversion: Difficult
OFFICE BUILDING
$4,305,000
Change: +94% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,620,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$3,410,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,100,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,050,000
Change: +37% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,570,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$2.92M
Range $2.63M – $3.21M · ±10% · vs last sale $2.73M (Aug 24 2023)
Last sale anchor
$2.73M
Aug 24 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
$435 / 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
$21,418
Tax year 2024
Assessed value
$1,163,708
Assessed 2024
Previous assessed
$1,163,708
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$421,091
Assessed improvement
$742,617
Applied tax rate
14.0000
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
1958
Heating
NONE
Stories
2
Units
6
Rooms
19
Bathrooms
6
Total area
6,710 SF
Lot
0.14 ac (5,959 SF)
Zoning code
R30000
APN
024-342-050
UPID
US09-0658641
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R30000 · Millbrae, CA
Zoning R30000 · permitted uses
R30000 · Millbrae, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbrae. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.2M
RESTAURANT
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
RETAIL STORES
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1958
Heating
NONE
Stories
2
Units
6
Rooms
19
Bathrooms
6
Lot
0.14 ac
Current owner
From public records · entity-resolved
Jqhk Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
359 GRAND AVE, S SAN FRAN, CA 94080-3606
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
$2,730,000
Jqhk Properties LLC
Sonia Brousseau
Grant Deed
—
Jun 30, 2023
$1,627,500
Sonia Brousseau
Pacific West Resources INC
Grant Deed
—
Jun 30, 2023
—
Pauline Bertetta
Fred C Bertetta JR
Affidavit Of Death Of Joint Tenant
related
—
Apr 13, 2018
$825,000
Olympian-gulf Properties INC
Major Oil Co
Grant Deed
$725,000 · Private Individual
Apr 9, 1999
$480,000
Pacific West Resources INC
Niray International INC
Grant Deed
—
Dec 7, 1993
—
Sonia Brousseau
Estate Of George
Grant 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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