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Property profile & analytics
OFF-MARKET
Estimated value
$18,930,000
Apartment buildings
200 Davey Gln Rd, Belmont, CA 94002-2141
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3010279
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
76,689 SF
Lot
1.79 ac (77,781 SF)
Zoning code
R40000
APN
044-163-060
UPID
US10-3010279
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
-
Sofi Belmont Glen Apartment Complex Apartment Building
-
Victoria Filanosky, PHD Physician Medical Clinic
-
AIO Marketing Systems Advertising Agency Marketing & Advertising
-
Air Duct Cleaning Belmont HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.93M
Owner & transaction history
Pmi Belmont Glen LLC · 8 yrs held
Pmi Belmont Glen LLC
since 2018
6 recorded transactions
Zoning & alternative use
R40000 · Belmont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$29.3M
+10.6%
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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$26,525,000
Current use
WAREHOUSE, STORAGE
$29,345,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$18.93M
Range $17.04M – $20.82M · ±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
$247 / 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
$599,254
Tax year 2024
Assessed value
$44,836,005
Assessed 2024
Previous assessed
$44,836,005
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$11,155,189
Assessed improvement
$33,680,816
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
1962
Heating
NONE
Stories
2
Units
69
Rooms
23
Bathrooms
9
Total area
76,689 SF
Lot
1.79 ac (77,781 SF)
Zoning code
R40000
APN
044-163-060
UPID
US10-3010279
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R40000 · Belmont, CA
Zoning R40000 · permitted uses
R40000 · Belmont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$26.5M
WAREHOUSE, STORAGE
Est. value
$29.3M
APARTMENT HOUSE (5+ UNITS) Current
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
1962
Heating
NONE
Stories
2
Units
69
Rooms
23
Bathrooms
9
Lot
1.79 ac
Current owner
From public records · entity-resolved
Pmi Belmont Glen LLC
Entity
Mailing address
777 CALIFORNIA AVE, PALO ALTO, CA 94304-1179
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jun 29, 2018
$40,100,000
Pmi Belmont Glen LLC
Cp IV Davey Glen LLC
Grant Deed
$16,000,000 · Berkeley Point Cap
Mar 28, 2014
$23,750,000
Cp IV Davey Glen LLC
Essex Davey Glen Apartments LP
Grant Deed
$17,330,000 · Cbre Multifamily Cap
Apr 27, 2006
$13,500,000
Essex Davey Glen Apartments
Panos Gus P Trust
Grant Deed
—
May 4, 2000
—
Panos Trust
Pano,gus P
Quit Claim Deed
related
—
—
—
Essex Davey Glen Apartments
—
Deed Of Trust
related
$6,654,000 · Greystone Servicing Corp
—
—
Panos Trust
—
Deed Of Trust
related
$9,750,000 · Bmw Financial Services NA LLC
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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