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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Apartment buildings
188 Laurel St, San Carlos, CA 94070-2354
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US09-2177859
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1954
Total area
5,357 SF
Lot
0.17 ac (7,534 SF)
APN
045-314-050
UPID
US09-2177859
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
$1.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
Drac Properties LLC · 5 yrs held
Drac Properties LLC
since 2020
Last sale
$1.3M
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 San Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
$1,325,000
ML approach
$1,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10% · vs last sale $1.33M (Dec 9 2020)
Last sale anchor
$1.33M
Dec 9 2020
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
$250 / 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
$25,946
Tax year 2024
Assessed value
$1,599,637
Assessed 2024
Previous assessed
$1,599,637
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$1,002,038
Assessed improvement
$597,599
Applied tax rate
11.0000
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
1954
Heating
CENTRAL
Stories
2
Units
6
Rooms
18
Bathrooms
6
Total area
5,357 SF
Lot
0.17 ac (7,534 SF)
APN
045-314-050
UPID
US09-2177859
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, 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
Building & site characteristics
From public records
Year built
1954
Heating
CENTRAL
Stories
2
Units
6
Rooms
18
Bathrooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Drac Properties LLC
Entity
Mailing address
958 ORANGE AVE, SAN CARLOS, CA 94070-3832
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2020
—
Drac Properties LLC
Egan Family Trust
Quit Claim Deed
—
Nov 2, 2018
—
Anthony J Egan
Sally Ann Buckley
Intrafamily Transfer
related
$625,000 · Jpmorgan Chase Bank NA
Aug 23, 2012
$1,325,000
Sally A Buckley
Yi Chen Chun
Grant Deed
$704,000 · Jpmorgan Chase Bank NA
Jul 24, 1998
$762,000
Chun-yi Chen
Cavaleri Trust
Grant Deed
$420,000 · Home Savings Of America
Nov 18, 1996
—
Cavaleri Trust
Cavaleri,bruno & Yolanda
Quit Claim Deed
related
—
Sep 30, 1996
—
Bruno Cavaleri
Nesci,renato
Grant Deed
related
—
Sep 23, 1996
—
Cavaleri Trust
Cavaleri,bruno & Yolanda
Quit Claim Deed
related
—
Apr 30, 1996
—
Bruno Cavaleri
Cavaleri,bruno & Yolanda
Quit Claim Deed
related
—
Apr 10, 1996
—
Bruno Cavaleri
Nesci,renato
Grant Deed
$350,000 · Home Savings Of America
Sep 1, 1995
—
Bruno Cavaleri
Cavaleri,bruno & Yolanda
Quit Claim Deed
related
—
Aug 30, 1995
$110,000
Bruno Cavaleri
Marci,frank & Anna
Grant Deed
related
$270,000 · Ac
—
—
Chun-yi Chen
—
Deed Of Trust
related
$500,000 · East West Bank
—
—
Chen 1998 Trust
—
Deed Of Trust
related
$600,000 · East West 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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