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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Apartment buildings
2023 Chanslor Ave Richmond, CA 94801-3660
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0429736
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
6,264 SF
Lot
0.19 ac (8,438 SF)
APN
540-190-009-6
UPID
US09-0429736
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
$1.14M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
William Eugene Davis JR · 1 yrs held
William Eugene Davis JR
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+22.6%
Auto repair, garage
$1.6M
+12.0%
Office building
$1.6M
+7.3%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$1,140,000
ML approach
$1,135,000
CAP Approach
CAP Return
Estimation
6%
$1,510,000
6.5%
$1,395,000
7%
$1,295,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,445,000
Current use
COMMERCIAL (GENERAL)
$1,770,000
Change: +23% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,615,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$1,550,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.13M (Mar 17 2025)
Last sale anchor
$1.13M
Mar 17 2025
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
$181 / 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
$27,233
Tax year 2024
Assessed value
$1,260,532
Assessed 2024
Previous assessed
$1,260,532
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$557,758
Assessed improvement
$702,774
Applied tax rate
8.0000
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
1964
Heating
NONE
Stories
1
Units
8
Rooms
8
Total area
6,264 SF
Lot
0.19 ac (8,438 SF)
APN
540-190-009-6
UPID
US09-0429736
Jurisdiction
CONTRA COSTA
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
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1964
Heating
NONE
Stories
1
Units
8
Rooms
8
Lot
0.19 ac
Current owner
From public records · entity-resolved
William Eugene Davis JR
Individual
Mailing address
835 IDLEWOOD CIR, EL SOBRANTE, CA 94803-1115
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
—
William Eugene Davis JR
William Eugene Davis JR
Deed
related
$1,400,000 · Rtc Vi Reit LLC
Apr 20, 2021
—
William Eugene Davis JR
—
Deed
related
$668,000 · Zb NA
Mar 16, 2018
$1,130,000
William Eugene Davis JR
Craig Edward Tackabery
Grant Deed
$720,000 · Luther Burbank Savings
Jul 31, 2017
—
Tackabery 2017 Family Trust
Tackabery,craig E & Anna M
Quit Claim Deed
related
—
Sep 3, 2010
$579,000
Craig Tackabery
Union Bk
Grant Deed
—
Sep 3, 2010
—
Craig E Tackabery
Tackabery,craig & Anna
Quit Claim Deed
related
$420,000 · Us Bank Trust Co
Mar 29, 2010
$632,400
Union Bk Of Ca NA
Td Service Co
Trustees Deed
related
—
Jun 30, 2000
$518,000
Noe Solis
Mcclory Trust
Grant Deed
$388,500 · Novato Community Bank
—
—
Noe Solis
—
Deed Of Trust
related
$675,000 · Union Bank Of California
—
—
Noe Solis
—
Deed Of Trust
related
$560,000 · United Commercial 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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