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Property profile & analytics
OFF-MARKET
Estimated value
$3,745,000
Apartment buildings
230 J St Davis, CA 95616-4234
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-0208661
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
WOOD
Total area
9,030 SF
Lot
0.27 ac (11,761 SF)
Zoning code
R-2
APN
070-313-002-000
UPID
US09-0208661
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
-
Shin’s Apartment Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.01M
Blend (final)
Blend
$3.75M
Owner & transaction history
Cascade Capital 2 LLC · 4 yrs held
Cascade Capital 2 LLC
since 2021
Last sale
$3.3M
4 recorded transactions
Zoning & alternative use
R-2 · Davis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of a residential one-and two-family (R-2) district is to stabilize and protect the residential characteristics of the district and to promote and encourage a suitable environment for family life. The R-2 district is intended for residences and community services appurtenant thereto.
Zone name
Residential One And Two Family
General category
RESIDENTIAL
Zone area
98.39 ac
Source
Realmo
Top alternative use upside
Restaurant
$4.9M
+53.9%
Office building
$4.1M
+29.0%
Commercial (general)
$4.0M
+23.0%
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 Davis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davis 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
$4,010,000
ML approach
$4,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,210,000
Current use
RESTAURANT
$4,940,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$4,140,000
Change: +29% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,950,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$3.75M
Range $3.37M – $4.12M · ±10% · vs last sale $3.30M (Dec 1 2021)
Last sale anchor
$3.30M
Dec 1 2021
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
$415 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$40,429
Tax year 2023
Assessed value
$3,366,100
Assessed 2023
Previous assessed
$3,366,100
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,020,000
Assessed improvement
$2,346,100
Applied tax rate
1.0000
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
1966
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
3
Rooms
60
Bathrooms
1
Total area
9,030 SF
Lot
0.27 ac (11,761 SF)
Zoning code
R-2
APN
070-313-002-000
UPID
US09-0208661
Jurisdiction
YOLO
Zoning & alternative use
R-2 · Davis, CAZoning R-2 · permitted uses
R-2 · Davis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of a residential one-and two-family (R-2) district is to stabilize and protect the residential characteristics of the district and to promote and encourage a suitable environment for family life. The R-2 district is intended for residences and community services appurtenant thereto.
Zone name
Residential One And Two Family
General category
RESIDENTIAL
Zone area
98.39 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.2M
RESTAURANT
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1966
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Rooms
60
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Cascade Capital 2 LLC
Entity
Mailing address
240 CASCADE DR, MILL VALLEY, CA 94941-1758
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
—
Cascade Capital 2 LLC
—
Deed
related
$200,000 · Western Alliance Bank
Dec 1, 2021
$3,300,000
Cascade Capital 2 LLC
Five Waters Capital LLC
Grant Deed
$1,910,000 · Western Alliance Bank
Jun 22, 2010
—
Five Waters Capital LLC
Yc Investors 57 LLC
Grant Deed
related
—
Aug 22, 2006
—
Yc Investors 57 LLC
Stephen J Askin
Grant Deed
$750,000 · Washington Mutual 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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