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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Retail space
2540 Macdonald Ave Richmond, CA 94804-1832
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2999702
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Total area
6,750 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C-2
APN
515-301-018-5
UPID
US10-2999702
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
-
Rpa Association / Organization
-
Iglesia de Dios Manantiales de Vida Eterna Richmond Ca. Church
-
Bobby Bowen Progressive Center Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.10M
Owner & transaction history
Golden Gate Financial LLC · 12 yrs held
Golden Gate Financial LLC
since 2014
7 recorded transactions
Zoning & alternative use
C-2 · Richmond, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+77.3%
Office building
$1.7M
+69.8%
Apartment house (5+ units)
$1.6M
+60.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,515,000
6.5%
$1,395,000
7%
$1,295,000
Alternative Use
Use
Estimation
RETAIL STORES
$985,000
Current use
AUTO REPAIR, GARAGE
$1,745,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$1,670,000
Change: +70% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,580,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10%
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
$163 / 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
$15,826
Tax year 2024
Assessed value
$907,370
Assessed 2024
Previous assessed
$907,370
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$270,407
Assessed improvement
$636,963
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1951
Heating
NONE
Stories
1
Units
4
Rooms
4
Total area
6,750 SF
Lot
0.17 ac (7,500 SF)
Zoning code
C-2
APN
515-301-018-5
UPID
US10-2999702
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Richmond, CA
Zoning C-2 · permitted uses
C-2 · Richmond, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1951
Heating
NONE
Stories
1
Units
4
Rooms
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Golden Gate Financial LLC
Entity
Free & Clear · 12 yrs held
Mailing address
290 CASCADE DR, MILL VALLEY, CA 94941-1714
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2014
$755,100
Golden Gate Financial LLC
August Family Trust
Grant Deed
—
Mar 28, 2006
—
August Family Trust
Soltanzad,farhang
Grant Deed
related
—
Oct 17, 2003
$645,500
Farhang Soltanzad
Rothman,tr
Grant Deed
$350,000 · United Labor Bank
Oct 17, 2003
—
Rothman,tr
Rothman,n P
Quit Claim Deed
related
—
Oct 22, 2001
—
Nathan P Rothman
Bess B Rothman Estate
Quit Claim Deed
related
—
Jul 13, 2001
$78,000
Nathan P Rothman
Eisenberg,sharon A & Daniel A
Grant Deed
—
Jul 13, 2001
—
Nathan P Rothman
Klasser-rothman,toby
Quit Claim Deed
related
—
Jul 13, 2001
$143,000
Nathan P Rothman
Rothman Trust
Grant Deed
related
—
Feb 18, 2000
—
Rothman Trust
Rothman,bess B
Quit Claim Deed
related
—
Nov 22, 1999
—
Rothman Trust
Rothman,bess B
Quit Claim Deed
related
—
Jan 1, 1956
—
—
—
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.
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