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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Apartment buildings
226 Myrtle Rd Burlingame, CA 94010-3092
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-1940198
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
5,758 SF
Lot
0.17 ac (7,500 SF)
APN
029-215-200
UPID
US09-1940198
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
$3.20M
CAP Approach
CAP
$2.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.20M
Owner & transaction history
Robert Alfaro Pierre · 2 yrs held
Robert Alfaro Pierre
since 2024
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+78.2%
Office building
$3.7M
+69.1%
Neighborhood: shopping center
$3.1M
+42.2%
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 Burlingame submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlingame 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
$3,200,000
ML approach
$3,200,000
CAP Approach
CAP Return
Estimation
6%
$2,610,000
6.5%
$2,410,000
7%
$2,240,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,185,000
Current use
RESTAURANT
$3,895,000
Change: +78% · Conversion: Difficult
OFFICE BUILDING
$3,695,000
Change: +69% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,105,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$2,930,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,660,000
Change: +22% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,615,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,000,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.20M
Range $2.88M – $3.52M · ±10% · vs last sale $3.20M (Jan 10 2024)
Last sale anchor
$3.20M
Jan 10 2024
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
$556 / 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
$8,434
Tax year 2024
Assessed value
$698,354
Assessed 2024
Previous assessed
$698,354
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$196,622
Assessed improvement
$501,732
Applied tax rate
4.0000
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
2
Units
9
Rooms
26
Bathrooms
8
Total area
5,758 SF
Lot
0.17 ac (7,500 SF)
APN
029-215-200
UPID
US09-1940198
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
$2.2M
RESTAURANT
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.0M
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
1964
Heating
NONE
Stories
2
Units
9
Rooms
26
Bathrooms
8
Lot
0.17 ac
Current owner
From public records · entity-resolved
Robert Alfaro Pierre
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 2074, BURLINGAME, CA 94011-2074
Ownership since
2024
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
Jan 10, 2024
$3,200,000
Robert Alfaro Pierre
James W Ahl
Grant Deed
—
Mar 31, 2023
—
James W Ahl
Ahl Family II Limited Partnership
Intrafamily Transfer
related
—
Mar 30, 1998
—
Ahl Trust
Ahl,maureen A
Quit Claim Deed
related
—
Oct 30, 1997
—
Ahl Trust
Ahl,maureen A
Quit Claim Deed
related
—
Feb 26, 1997
—
Ahl Family LP
Ahl Trust
Quit Claim Deed
related
—
Oct 19, 1995
—
James W Ahl
Ahl Trust
Quit Claim Deed
related
—
May 6, 1994
—
Ahl Trust
Ahl,viola
Quit Claim Deed
related
—
Oct 6, 1993
—
John,p Ahl Trust
Ahl,john Et Al
Quit Claim Deed
related
—
Oct 6, 1992
—
John Ahl
Ahl,james
Quit Claim Deed
related
—
Sep 17, 1992
—
James Ahl
Ahl,john
Quit Claim Deed
related
—
Jul 22, 1991
$300,000
John Ahl Vio Ahl
Rogers,g.&m.
Grant Deed
—
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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