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Property profile & analytics
OFF-MARKET
Estimated value
$2,510,000
Apartment buildings
1952 Steele Ln Santa Rosa, CA 95403-2582
Trust Owned
25-yr Hold
~
Est. High Equity
Property ID
US09-1495954
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1997
Construction
WOOD
Total area
18,772 SF
Lot
1.22 ac (53,143 SF)
APN
041-042-001-000
UPID
US09-1495954
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
-
Redwood Meadows Senior Apartments Retirement Community Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.51M
Owner & transaction history
Garman Trust · 25 yrs held
Garman Trust
since 2000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$134 / 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
$30,816
Tax year 2024
Assessed value
$2,651,692
Assessed 2024
Previous assessed
$2,651,692
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$265,493
Assessed improvement
$2,386,199
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
1997
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
27
Rooms
62
Bathrooms
27
Total area
18,772 SF
Lot
1.22 ac (53,143 SF)
APN
041-042-001-000
UPID
US09-1495954
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
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
27
Rooms
62
Bathrooms
27
Lot
1.22 ac
Current owner
From public records · entity-resolved
Garman Trust
Trust
Mailing address
PO BOX 848, ROSEVILLE, CA 95661-0848
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2000
—
Garman Trust
Garman,steven & Kathy
Quit Claim Deed
related
—
Jul 19, 1996
$130,600
Garman,steve & Kathy
Brantley,gene
Trustees Deed
—
Jul 19, 1996
—
Gene Brantley
Brantley,eisal
Quit Claim Deed
related
—
Feb 27, 1996
$112,000
Brantley,gene
Sonomateo Development
Trustees Deed
$100,000 · Individual
Feb 27, 1996
—
Gene Brantley
Brantley,eisal
Quit Claim Deed
related
—
May 12, 1994
$256,643
Sonomateo Dev
Cal-euro Inv Svc
Trustees Deed
—
Feb 22, 1993
—
Cal-euro Investment Serv
Lobis,john W
Trustees Deed
related
—
Apr 20, 1989
—
Charmian E Piner
Lobis,john W
Grant Deed
related
—
Apr 14, 1989
—
John W Lobis
Lobis,patti A
Quit Claim Deed
related
$132,500 · Sonomateo Dev
Apr 14, 1989
$211,000
Lobis,john W
Sonomateo Dev
Trustees Deed
related
—
—
—
Steve Garman
—
Deed Of Trust
related
$1,275,000 · Luther Burbank Savings & Loan
—
—
John W Lobis
—
Deed Of Trust
related
$200,000 · Analy S&l
—
—
John W Lobis
—
Deed Of Trust
related
—
—
—
Investment Serv Cal-euro
—
Deed Of Trust
related
$225,000 · Sonomateo Dev
—
—
Garman Trust
—
Deed Of Trust
related
$1,535,000 · World Savings 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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