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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
232 Broadway Richmond, CA 94804-1914
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1368073
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Total area
3,968 SF
Lot
0.12 ac (5,084 SF)
APN
515-350-003-7
UPID
US09-1368073
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
-
M.A. Hays Insurance Brokers Insurance Agency
-
Ken Block & Associates Insurance Agency
-
Bench & Honeyman Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$560k
Owner & transaction history
John Ziesenhenne · 4 yrs held
John Ziesenhenne
since 2021
Last sale
$500,000
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 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
$655,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $500k (Aug 24 2021)
Last sale anchor
$500k
Aug 24 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
$141 / 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
$8,528
Tax year 2024
Assessed value
$480,883
Assessed 2024
Previous assessed
$480,883
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$142,170
Assessed improvement
$338,713
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
3,968 SF
Lot
0.12 ac (5,084 SF)
APN
515-350-003-7
UPID
US09-1368073
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, 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
1959
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
John Ziesenhenne
Individual
Mailing address
2837 GRANT AVE, RICHMOND, CA 94804-1555
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2021
—
John Ziesenhenne
John W Ziesenhenne
Intrafamily Transfer
related
$288,300 · Bank Of The West
Jan 7, 2020
—
Ziesenhenne,j & 2019 Fam Trust
John W Ziesenhenne
Quit Claim Deed
related
—
May 19, 2008
—
John W Ziesenhenne
Rapella,linda J
Grant Deed
related
—
Jun 25, 2004
$500,000
John W Ziesenhenne
Spencer,ernest A
Grant Deed
$450,000 · Bank Of The West
Mar 27, 1998
—
Ernest A Spencer
Spencer,ernest A
Quit Claim Deed
related
—
—
—
John W Ziesenhenne
—
Deed Of Trust
related
$208,000 · Mortgage Capital Dev Corp
—
—
John W Ziesenhenne
—
Deed Of Trust
related
$208,000 · Mortgage Capital Dev Corp
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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