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Property profile & analytics
OFF-MARKET
Estimated value
$3,150,000
Super regional malls
2509 Somersville Rd Antioch, CA 94509-4408
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2785253
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1974
Total area
8,184 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C-3
APN
076-432-031-3
UPID
US09-2785253
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
-
Mountain Mike's Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.06M
CAP Approach
CAP
$2.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.15M
Owner & transaction history
Yashar Erler · 4 yrs held
Yashar Erler
since 2022
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
C-3 · Antioch, 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 Antioch submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Antioch 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
$3,150,000
ML approach
$3,060,000
CAP Approach
CAP Return
Estimation
6%
$2,405,000
6.5%
$2,220,000
7%
$2,060,000
Blend value · Realmo final
$3.15M
Range $2.84M – $3.47M · ±10% · vs last sale $3.20M (Jan 19 2022)
Last sale anchor
$3.20M
Jan 19 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
$385 / 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
$38,795
Tax year 2024
Assessed value
$3,329,280
Assessed 2024
Previous assessed
$3,329,280
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$801,108
Assessed improvement
$2,528,172
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Units
2
Rooms
2
Total area
8,184 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C-3
APN
076-432-031-3
UPID
US09-2785253
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Antioch, CA
Zoning C-3 · permitted uses
C-3 · Antioch, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Antioch. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
1
Units
2
Rooms
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Yashar Erler
Individual
Mailing address
4 LILLY LN, SAN CARLOS, CA 94070-1521
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2022
$3,200,000
Yashar Erler
1401 Broadway LLC
Grant Deed
$1,455,000 · Safe Cu
Jun 15, 2015
$4,825,000
1401 Broadway LLC
Baugh Corp
Grant Deed
—
Jun 1, 2001
$1,650,000
Baugh Corp
Ostertand Trust
Grant Deed
$1,160,000 · Scott Valley Bank
Dec 29, 1972
$125,000
—
—
Grant Deed
related
—
—
—
Baugh Corp
—
Deed Of Trust
related
$480,000 · Scott Valley Bank
—
—
Baugh Corp
—
Deed Of Trust
related
$2,587,500 · Rabobank
—
—
Development Consultants INC
—
Deed Of Trust
related
$155,000 · Scott Valley 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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