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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Office buildings
207 37th St Richmond, CA 94805-2105
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3143560
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
CONCRETE
Total area
5,832 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C2
APN
516-210-020-9
UPID
US10-3143560
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
-
Asian Pacific Psychological Physician Medical Clinic
-
The Scranton Law Firm Law Firm
-
Hazan Adel A Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.21M
Owner & transaction history
Joanne Joey Tang · 6 yrs held
Joanne Joey Tang
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
C2 · Richmond, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+14.3%
Auto repair, garage
$1.5M
+4.4%
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
$1,370,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
$1,285,000
6.5%
$1,185,000
7%
$1,100,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,440,000
Current use
COMMERCIAL (GENERAL)
$1,650,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,505,000
Change: +4% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,405,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.15M (Mar 24 2020)
Last sale anchor
$1.15M
Mar 24 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
$207 / 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
$20,029
Tax year 2024
Assessed value
$1,233,029
Assessed 2024
Previous assessed
$1,233,029
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$214,439
Assessed improvement
$1,018,590
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
5,832 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C2
APN
516-210-020-9
UPID
US10-3143560
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Richmond, CA
Zoning C2 · permitted uses
C2 · Richmond, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1963
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Joanne Joey Tang
Individual
Mailing address
915 MADRID ST, SAN FRANCISCO, CA 94112-3838
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2020
$1,150,000
Joanne Joey Tang
R Nicholas Haney
Grant Deed
$644,000 · Metropolitan Bank
Jun 4, 2007
—
R Nicholas Haney
Haney,r Nicholas
Quit Claim Deed
related
—
May 25, 2007
—
R Nicholas Haney
Haney,mary F
Quit Claim Deed
related
—
May 25, 2007
$762,500
R Nicholas Haney
Casarez,jaime & Claudia
Grant Deed
$550,000 · Greenpoint Mortgage Funding
Oct 11, 2004
—
Anthony Barton
Barton,linette
Quit Claim Deed
related
—
Oct 11, 2004
$148,000
Jaime Casarez
Loza,ruben C
Grant Deed
$147,431 · Ruben C Loza
May 6, 2004
$500,000
Ruben C Loza
Lee,herbert & Merrrily H
Grant Deed
$360,000 · Herbert & Merrrily H Lee
Jun 16, 1995
$143,000
Herbert Lee
Chu,donny
Grant Deed
related
—
Sep 21, 1989
$335,000
Donny Chu
Lawyers Asset Ma
Grant Deed
$200,000 · Sumitomo Bank
—
—
Km Investments
—
Deed Of Trust
related
$16,000 · Individual
—
—
Donny Chu
—
Deed Of Trust
related
$285,000 · National American 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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