New search
Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
242 Marina Way Richmond, CA 94801-3240
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4982766
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1906
Total area
1,610 SF
Lot
0.06 ac (2,812 SF)
APN
540-140-024-6
UPID
US09-4982766
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
-
Goosehead Insurance - Guillermo Jimenez Insurance Agency
-
Guillermo Jimenez Agency Insurance Agency
-
Frank Morgan Investment Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$599k
Blend (final)
Blend
$575k
Owner & transaction history
Guillermo Jimenez Orozco · 3 yrs held
Guillermo Jimenez Orozco
since 2022
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$585,000
+46.9%
Commercial (general)
$455,000
+14.3%
Auto repair, garage
$415,000
+4.4%
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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$400,000
Current use
MEDICAL BUILDING
$585,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$455,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$415,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $525k (Oct 31 2022)
Last sale anchor
$525k
Oct 31 2022
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
$357 / 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
$10,739
Tax year 2024
Assessed value
$546,210
Assessed 2024
Previous assessed
$546,210
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$182,070
Assessed improvement
$364,140
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
1906
Heating
NONE
Stories
1
Units
3
Rooms
2
Total area
1,610 SF
Lot
0.06 ac (2,812 SF)
APN
540-140-024-6
UPID
US09-4982766
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$400,000
MEDICAL BUILDING
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$415,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1906
Heating
NONE
Stories
1
Units
3
Rooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Guillermo Jimenez Orozco
Individual
Mailing address
521 5TH ST, RICHMOND, CA 94801-2615
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
—
Guillermo Jimenez Orozco
Guillermo Jimenez Orozco
Intrafamily Transfer
related
—
Aug 18, 2021
$525,000
Guillermo Jimenez Orozco
Grand Sun Corporation
Grant Deed
$420,000 · Farmers Insurance Group FCU
Apr 10, 2013
$205,000
Grand Sun Corp
Cheung,yuen B
Grant Deed
—
Oct 26, 2009
—
Yuen B Cheung
Yin,lau Y
Quit Claim Deed
related
—
Sep 19, 2008
$109,000
Yuen B Cheung
Long Beach Mtg 2006-3
Grant Deed
—
Feb 13, 2007
$401,775
Deutsche Bk Natl Trust Co 2006-3 Tr
California Reconveyance
Trustees Deed
related
—
Apr 8, 2005
—
Dennis B Allums
Allums,betty
Quit Claim Deed
related
$275,000 · Lauterbach Arno E Trust
Sep 23, 2003
—
Dennis B Allums
Allums,tr
Quit Claim Deed
related
—
Apr 24, 2003
—
Allums,tr
Allum,charles
Quit Claim Deed
related
—
Apr 16, 2001
—
Charles Allums
Allums,betty
Quit Claim Deed
related
—
Apr 16, 1993
—
Charles Allums
Allums,betty Joe
Quit Claim Deed
related
—
May 5, 1976
—
Owner Name Unavailable
—
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.
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 242 Marina Way?
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.
