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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Apartment buildings
203 16th St Richmond, CA 94801-3248
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0399120
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1926
Construction
WOOD FRAME
Total area
7,368 SF
Lot
0.13 ac (5,625 SF)
APN
540-150-014-4
UPID
US09-0399120
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Palm Harbor Apts LLC · 8 yrs held
Palm Harbor Apts LLC
since 2017
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 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
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)
$1,700,000
Current use
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$141 / 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
$27,191
Tax year 2024
Assessed value
$1,251,943
Assessed 2024
Previous assessed
$1,251,943
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$669,310
Assessed improvement
$582,633
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
1926
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
8
Rooms
8
Total area
7,368 SF
Lot
0.13 ac (5,625 SF)
APN
540-150-014-4
UPID
US09-0399120
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
$1.7M
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
1926
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
8
Rooms
8
Lot
0.13 ac
Current owner
From public records · entity-resolved
Palm Harbor Apts LLC
Entity
Mailing address
141 ALPINE TER, SAN FRANCISCO, CA 94117-3112
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
—
Palm Harbor Apts LLC
—
Deed
related
$2,965,000 · Jpmorgan Chase Bank NA
Nov 13, 2017
$4,350,000
Palm Harbor Apts LLC
16th Street Associates LLC
Grant Deed
$3,450,000 · Cbre Cap Markets
Sep 10, 2001
—
16th Street Assocates LLC
Maywood Management LLC
Grant Deed
related
—
Sep 28, 1999
—
Maywood Management LLC
Ketter,russ
Grant Deed
related
—
Oct 31, 1996
$650,000
Ketter,russ
American Savings Bank
Trustees Deed
$552,500 · NA Mortgage Services INC
Oct 31, 1996
—
Russ Ketter
Ketter,dale
Quit Claim Deed
related
—
Sep 25, 1996
$546,924
American Savings Bank
Knickerbocker,calvin A
Trustees Deed
related
—
Feb 27, 1991
—
Ca Knickerbocker
Knickerbocker,c.
Quit Claim Deed
related
$800,000 · American Savings Bank
—
—
Russ Ketter
—
Deed Of Trust
related
$35,200 · Individual
—
—
Ca Knickerbocker
—
Deed Of Trust
related
$25,000 · Individual
—
—
16th Street Associates LLC
—
Deed Of Trust
related
$1,725,000 · Citibank West Fsb
—
—
Maywood Management LLC
—
Deed Of Trust
related
$62,721 · Individual
—
—
Russ Ketter
—
Deed Of Trust
related
$120,000 · Individual
—
—
Russ Ketter
—
Deed Of Trust
related
$60,000 · Individual
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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