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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Apartment buildings
1724 3rd St Eureka, CA 95501-6001
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3771942
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
WOOD
Total area
4,868 SF
Lot
0.15 ac (6,645 SF)
Zoning code
CS
APN
002-065-004-000
UPID
US09-3771942
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
$810k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$791k
Blend (final)
Blend
$800k
Owner & transaction history
Appleworks LLC · 4 yrs held
Appleworks LLC
since 2022
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
CS · Eureka, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$695,000
+21.9%
Retail stores
$580,000
+1.5%
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 Eureka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eureka 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
$825,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$830,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$570,000
Current use
COMMERCIAL (GENERAL)
$695,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$580,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Apr 14 2022)
Last sale anchor
$800k
Apr 14 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
$164 / 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
$8,731
Tax year 2024
Assessed value
$832,320
Assessed 2024
Previous assessed
$832,320
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$145,656
Assessed improvement
$686,664
Applied tax rate
3.0000
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
1991
Construction
WOOD
Heating
NONE
Stories
2
Rooms
21
Bathrooms
6
Total area
4,868 SF
Lot
0.15 ac (6,645 SF)
Zoning code
CS
APN
002-065-004-000
UPID
US09-3771942
Jurisdiction
HUMBOLDT
Zoning & alternative use
CS · Eureka, CA
Zoning CS · permitted uses
CS · Eureka, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eureka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$695,000
RETAIL STORES
Est. value
$580,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1991
Construction
WOOD
Heating
NONE
Stories
2
Rooms
21
Bathrooms
6
Lot
0.15 ac
Current owner
From public records · entity-resolved
Appleworks LLC
Entity
Mailing address
317 3RD ST #219, EUREKA, CA 95501-0427
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2022
$800,000
Appleworks LLC
Scott J Mais
Grant Deed
$600,000 · Coast Central Cu
Oct 26, 2005
—
Mais Trust
Mais,scott J
Quit Claim Deed
related
—
Aug 31, 2005
$500,000
Scott J Mais
Sanguan Rojanavarakul
Grant Deed
$325,000 · Luther Burbank Savings
Aug 31, 2005
—
Scott J Mais
Lowe-mais,nancy
Quit Claim Deed
related
—
Mar 23, 1992
$316,000
Sanguan Rojanavarakul
Strombeck,steven M
Grant Deed
—
Oct 16, 1991
$57,000
Steven Strombeck
Basile,arlen
Grant Deed
$37,000
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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