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Property profile & analytics
OFF-MARKET
Estimated value
$29,600,000
Apartment buildings
1809 Railroad Ave Livermore, CA 94550-4670
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-8631337
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
WOOD
Total area
178,938 SF
Lot
7 ac (304,924 SF)
APN
98-405-3
UPID
US09-8631337
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
-
Mill Springs Park Apartment Homes Apartment Complex Apartment Building
-
Party Rentals Pleasanton Party Supply Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$39.88M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.60M
Owner & transaction history
Sequoia Equities-mill Springs · 13 yrs held
Sequoia Equities-mill Springs
since 2012
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 Livermore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livermore 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
by Request
CAP Approach
CAP Return
Estimation
6%
$43,200,000
6.5%
$39,880,000
7%
$37,030,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$43,625,000
Current use
Blend value · Realmo final
$29.60M
Range $26.64M – $32.56M · ±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
$165 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$807,489
Tax year 2023
Assessed value
$56,261,476
Assessed 2024
Previous assessed
$55,157,391
+2.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$16,859,106
Assessed improvement
$39,402,370
Applied tax rate
16.0000
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
1990
Construction
WOOD
Heating
NONE
Buildings
9
Stories
3
Units
210
Rooms
774
Bathrooms
354
Total area
178,938 SF
Lot
7 ac (304,924 SF)
APN
98-405-3
UPID
US09-8631337
Jurisdiction
ALAMEDA
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
$43.6M
APARTMENT HOUSE (5+ UNITS) Current
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
1990
Construction
WOOD
Heating
NONE
Stories
3
Buildings
9
Units
210
Rooms
774
Bathrooms
354
Lot
7 ac
Current owner
From public records · entity-resolved
Sequoia Equities-mill Springs
Individual
Mailing address
1777 BOTELHO DR STE #300, WALNUT CREEK, CA 94596-5065
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2018
—
Sequoia Equities Mill Springs
—
Deed
related
$49,911,000 · Walker & Dunlop
Aug 9, 2012
$46,550,000
Sequoia Equities-mill Springs
Mill Springs Park Apts LLC
Grant Deed
$34,200,000 · Walker & Dunlop
Jan 24, 1996
—
Mill Sjprings Park Apartments
Clement Trust
Trustees Deed
related
—
Nov 16, 1993
$1,094,000
Venture Fund Wingfield
Wingfield,barnet
Grant Deed
related
—
—
—
Sequoia Equities Mill Springs
—
Deed Of Trust
related
$49,911,000 · Walker & Dunlop
—
—
Mill Springs Park Apartments
—
Deed Of Trust
related
$14,000,000 · Green Park Financial LP
—
—
Sequoia Equities-mill Springs
—
Deed Of Trust
related
$10,500,000 · Walker & Dunlop
—
—
Mill Springs Park Apartments
—
Deed Of Trust
related
$16,000,000 · Northwestern Mutual Life Ins
—
—
Venture Fund Wingfield
—
Deed Of Trust
related
$10,400,000 · Green Park Financi
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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