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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Apartment buildings
2221 Lk Rd, Belmont, CA 94002-3283
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-1395178
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
24,689 SF
Lot
0.5 ac (21,951 SF)
APN
045-012-010
UPID
US09-1395178
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
$4.00M
Blend (final)
Blend
$3.95M
Owner & transaction history
William Tezak JR · 4 yrs held
William Tezak JR
since 2021
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 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
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±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
$160 / 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
$38,126
Tax year 2024
Assessed value
$833,524
Assessed 2024
Previous assessed
$833,524
+0.0% YoY
Effective rate
4.57%
On assessed value
Assessed land
$189,620
Assessed improvement
$643,904
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
1960
Heating
NONE
Stories
3
Units
20
Rooms
72
Bathrooms
20
Total area
24,689 SF
Lot
0.5 ac (21,951 SF)
APN
045-012-010
UPID
US09-1395178
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
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
3
Units
20
Rooms
72
Bathrooms
20
Lot
0.5 ac
Current owner
From public records · entity-resolved
William Tezak JR
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 4286, BURLINGAME, CA 94011-4286
Ownership since
2021
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
Oct 20, 2021
—
William Tezak JR
Joan C Tezak
Intrafamily Transfer
related
—
Aug 20, 2021
—
John A Ratto
John A Ratto
Intrafamily Transfer
related
—
Jul 8, 2021
—
John A Ratto
Ratto II LLC
Intrafamily Transfer
related
—
Sep 14, 2016
—
Ratto II LLC
Ratto Trust
Quit Claim Deed
—
Dec 14, 2012
—
John A Ratto
Ratto,josephine C
Quit Claim Deed
related
—
Feb 7, 2012
—
Ratto Trust
Ratto Family LLC
Quit Claim Deed
—
Dec 22, 2010
$14,000
Ratto Family LLC
Josephine & Albert Ratto Fam L
Grant Deed
—
Jul 22, 2010
—
Josephine Famil
Ratto Trust
Quit Claim Deed
related
—
Aug 5, 1994
—
Ratto Trust
Ratto,josephine
Quit Claim Deed
related
—
Mar 3, 1994
—
Josephine C Ratto
Walter J Gillo W
Grant Deed
related
—
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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