Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Apartment buildings
2344 Progress St Eureka, CA 95501-3556
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2981009
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Construction
WOOD
Total area
4,282 SF
Lot
0.35 ac (15,245 SF)
Zoning code
RM-2500
APN
008-011-014-000
UPID
US09-2981009
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
$735k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$715k
Owner & transaction history
Eureka Union LLC · 5 yrs held
Eureka Union LLC
since 2021
Last sale
$705,000
7 recorded transactions
Zoning & alternative use
RM-2500 · Eureka, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$610,000
+21.9%
Retail stores
$510,000
+1.5%
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 Eureka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eureka 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
$725,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$500,000
Current use
COMMERCIAL (GENERAL)
$610,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$510,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $705k (May 3 2021)
Last sale anchor
$705k
May 3 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
$167 / 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
$7,848
Tax year 2024
Assessed value
$748,151
Assessed 2024
Previous assessed
$748,151
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$212,241
Assessed improvement
$535,910
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
1979
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Rooms
23
Bathrooms
6
Total area
4,282 SF
Lot
0.35 ac (15,245 SF)
Zoning code
RM-2500
APN
008-011-014-000
UPID
US09-2981009
Jurisdiction
HUMBOLDT
Zoning & alternative use
RM-2500 · Eureka, CA
Zoning RM-2500 · permitted uses
RM-2500 · Eureka, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eureka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$610,000
RETAIL STORES
Est. value
$510,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1979
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Rooms
23
Bathrooms
6
Lot
0.35 ac
Current owner
From public records · entity-resolved
Eureka Union LLC
Entity
Mailing address
920 SAMOA BLVD STE #218, ARCATA, CA 95521-6696
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
$705,000
Eureka Union LLC
Megan F Boos
Grant Deed
$488,000 · Redwood Capital Bank
Oct 15, 2020
—
Boos,j P & M F Trust
Jonathan P Boos
Quit Claim Deed
related
—
Mar 1, 2019
—
Jonathan P Boos
—
Deed
related
$100,000 · Kirby G Boos
Apr 9, 2018
$475,000
Jonathan P Boos
Philomena M Holm
Grant Deed
$275,000 · Fidelity National Title Insurance
Dec 5, 2013
—
Philomena M Holm
Holm,herbert L
Affidavit Of Death
related
—
Dec 3, 2013
—
Holm,h L & P M 2002 Trust
Holm,herbert L & Philomena M
Quit Claim Deed
related
—
Mar 29, 1996
$53,454
Herbert L Holm
Peterson Trust
Grant Deed
—
—
—
Jonathan P Boos
—
Deed Of Trust
related
$100,000 · Kirby G Boos
—
—
Peterson Trust
—
Deed Of Trust
related
$195,000 · Luther Burbank Savings & Loan
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2344 Progress St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
