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Property profile & analytics
OFF-MARKET
Hotels
249 9th St 251 San Francisco, CA 94103-3826
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6073049
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1913
Construction
WOOD
Total area
7,300 SF
Lot
0.04 ac (1,873 SF)
Zoning code
RCD
APN
3729 -057
UPID
US09-6073049
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
-
Normandie Hotel Hotel & Motel
-
Yes Fix Appliance Repair San Francisco CA Home Appliance Store
-
Zozi's Loft Furniture & Home Goods Home Decor Store
-
Zozi's Loft (SoMa) Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
D & K Patel 2011 Trust · 8 yrs held
D & K Patel 2011 Trust
since 2017
7 recorded transactions
Zoning & alternative use
RCD · San Francisco, CA
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 San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Francisco 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$42,163
Tax year 2024
Assessed value
$3,346,554
Assessed 2024
Previous assessed
$3,346,554
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$2,007,933
Assessed improvement
$1,338,621
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1913
Construction
WOOD
Heating
NONE
Stories
3
Units
2
Rooms
20
Bathrooms
6
Total area
7,300 SF
Lot
0.04 ac (1,873 SF)
Zoning code
RCD
APN
3729 -057
UPID
US09-6073049
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
RCD · San Francisco, CA
Zoning RCD · permitted uses
RCD · San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Francisco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1913
Construction
WOOD
Heating
NONE
Stories
3
Units
2
Rooms
20
Bathrooms
6
Lot
0.04 ac
Current owner
From public records · entity-resolved
D & K Patel 2011 Trust
Trust
Mailing address
2149 POWELL ST, SAN FRANCISCO, CA 94133-1948
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2020
—
1080 Folsom Residences LLC
—
Deed
related
$11,700,000 · Starwood Mtg Cap
Nov 5, 2019
—
221 7th Street Residences LLC
—
Deed
related
$1,000,000 · Suresh R Patel
Sep 5, 2018
—
251 9th Street Residences LLC
—
Deed
related
$1,500,000 · Suresh & Jayshree Patel
Jun 11, 2018
—
251 9th Street Residences LLC
—
Deed
related
$500,000 · Security Fin'l Svcs
Aug 11, 2017
—
D & K Patel 2011 Trust
251 9th Street LLC
Quit Claim Deed
related
—
Aug 11, 2017
$3,000,000
251 9th Street Residences LLC
D & K Patel 200 Trust
Grant Deed
$1,950,000 · Sterling Bk
May 31, 2017
—
Patel,vinay & H Family Trust
Patel,hansa
Quit Claim Deed
related
—
Apr 7, 2017
$650,000
Patel,d & K 2011 Trust
Rodriguez,enrique A
Grant Deed
related
—
Apr 7, 2017
—
Enrique A Rodriguez
251 9th Street LLC
Grant Deed
related
—
Dec 30, 2016
—
251 9th Street LLC
—
Deed
related
$1,250,000 · Mission Nat'l Bk
Jun 22, 2011
$665,000
Gajiwala 2011 Trust
Gajiwala,rashmikant H & Minakshiben R
Grant Deed
related
—
Jun 22, 2011
—
251 9th Street LLC
Gajiwala 2011 Trust
Grant Deed
related
—
—
—
251 9th Street LLC
—
Deed Of Trust
related
$1,250,000 · Mission Nat'l Bk
—
—
Rashmikant Gajlwata
—
Deed Of Trust
related
$1,000,000 · Imperial Bank
—
—
1080 Folsom Residences LLC
—
Deed Of Trust
related
$11,700,000 · Starwood Mtg Cap
—
—
251 9th Street Residences LLC
—
Deed Of Trust
related
$500,000 · Security Fin'l Svcs
—
—
251 9th Street Residences LLC
—
Deed Of Trust
related
$1,500,000 · Suresh & Jayshree Patel
—
—
Rashmikant H Gajiwala
—
Deed Of Trust
related
$525,000 · International Bank California
—
—
Rashmikant H Gajiwala
—
Deed Of Trust
related
$325,000 · Bank Of Canton
—
—
221 7th Street Residences LLC
—
Deed Of Trust
related
$1,000,000 · Suresh R Patel
—
—
Rashmikant H Gajiwala
—
Deed Of Trust
related
$322,000 · Bank Of Canton
—
—
251 9th Street LLC
—
Deed Of Trust
related
$800,000 · Sterling Bank & Trust Fsb
—
—
Rashmikant H Gajiwala
—
Deed Of Trust
related
$80,000 · Bank Of Canton
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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