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Property profile & analytics
OFF-MARKET
Estimated value
$6,015,000
Apartment buildings
2130 Valerga Dr, Belmont, CA 94002-3571
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1403283
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
12,013 SF
Lot
0.29 ac (12,514 SF)
APN
045-061-110
UPID
US09-1403283
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
-
Attorney Marketing Hub Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.08M
CAP Approach
CAP
$5.03M
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$6.02M
Owner & transaction history
Batliwalla,n & Z Trust · 6 yrs held
Batliwalla,n & Z Trust
since 2020
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.1M
+95.5%
Office building
$7.7M
+85.5%
Neighborhood: shopping center
$6.5M
+56.0%
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
$5,990,000
ML approach
$6,075,000
CAP Approach
CAP Return
Estimation
6%
$5,450,000
6.5%
$5,030,000
7%
$4,670,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,155,000
Current use
RESTAURANT
$8,125,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$7,705,000
Change: +85% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,485,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$6,110,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,550,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,455,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,595,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$6.02M
Range $5.41M – $6.62M · ±10% · vs last sale $6.00M (Jan 27 2020)
Last sale anchor
$6.00M
Jan 27 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
$501 / 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
$87,731
Tax year 2024
Assessed value
$6,693,110
Assessed 2024
Previous assessed
$6,693,110
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$2,007,933
Assessed improvement
$4,685,177
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
12
Rooms
36
Bathrooms
12
Total area
12,013 SF
Lot
0.29 ac (12,514 SF)
APN
045-061-110
UPID
US09-1403283
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, 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
$4.2M
RESTAURANT
Est. value
$8.1M
OFFICE BUILDING
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
RETAIL STORES
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.5M
WAREHOUSE, STORAGE
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
12
Rooms
36
Bathrooms
12
Lot
0.29 ac
Current owner
From public records · entity-resolved
Batliwalla,n & Z Trust
Trust
Mailing address
70 TOBIN CLARK DR, HILLSBOROUGH, CA 94010-7449
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2020
—
Batliwalla,n & Z Trust
Zyorro LLC
Quit Claim Deed
—
Aug 9, 2017
—
Zyorro LLC
Batliwalla,neville S & Zarine N
Quit Claim Deed
—
Jun 23, 2017
$6,000,000
Neville S Batliwalla
2130 Valerga Dr LLC
Grant Deed
$3,185,000 · First Republic Bank
Jul 25, 2016
—
2130 Valerga Dr LLC
—
Deed
related
$2,660,000 · Private Individual
May 19, 2016
$4,870,000
2130 Valerga Dr LLC
Christ N Alevizos
Grant Deed
$3,020,000 · Opus Bank
Feb 12, 2015
—
Christ N Alevizos
Alevizos Demie
Affidavit Of Death
related
—
May 4, 2004
—
Alevizos,tr
Web Service Co INC
Quit Claim Deed
related
$1,175,000 · Washington Mutual Fsb
Jan 10, 2001
—
Alevizos Trust
Alevizos,christ N & Demie
Quit Claim Deed
related
—
Apr 30, 1998
—
Judith A Weill
Page,robert
Quit Claim Deed
related
—
Apr 30, 1998
$1,162,500
Alevizos,christ N & Demie
Weill Trust
Trustees Deed
$871,875 · Home Savings Of America
Aug 30, 1993
—
Manuel&elsbeth,padia Trust
Padia,m.&e.
Quit Claim Deed
related
—
—
—
Alevizos Trust
—
Deed Of Trust
related
$1,575,000 · Jp Morgan Chase Bk
—
—
2130 Valerga Dr LLC
—
Deed Of Trust
related
$2,660,000 · Private Individual
—
—
Alevizos Trust
—
Deed Of Trust
related
$1,160,000 · Washington Mutual Fsb
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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