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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Banks
2609 Somersville Rd, Antioch, CA 94509
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3273714
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1974
Construction
WOOD FRAME
Total area
6,952 SF
Lot
0.72 ac (31,363 SF)
APN
076-432-003-2
UPID
US09-3273714
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
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Housing Authority Of Cnty Of Contra · 2 yrs held
Housing Authority Of Cnty Of Contra
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+164.2%
Commercial (general)
$1.2M
+161.1%
Office building
$1.1M
+140.5%
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 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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,190,000
Change: +164% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,175,000
Change: +161% · Conversion: Difficult
OFFICE BUILDING
$1,080,000
Change: +141% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Mar 1 2024)
Last sale anchor
$1.30M
Mar 1 2024
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
$187 / 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
$40,040
Tax year 2024
Assessed value
$3,458,615
Assessed 2024
Previous assessed
$3,458,615
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,146,271
Assessed improvement
$1,312,344
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1974
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2
Rooms
2
Total area
6,952 SF
Lot
0.72 ac (31,363 SF)
APN
076-432-003-2
UPID
US09-3273714
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
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1974
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Rooms
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
Housing Authority Of Cnty Of Contra
Entity
Free & Clear · 2 yrs held
Mailing address
3133 ESTUDILLO ST, MARTINEZ, CA 94553-3258
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Mar 1, 2024
$1,300,000
Housing Authority Of Cnty Of Contra
Wells Fargo Bank NA
Grant Deed
—
Jul 13, 1993
—
World Savings
Golden West Savi
Trustees Deed
related
—
May 4, 1990
$40,000
Tommy Thomas
Lawyers Asset Ma
Grant Deed
related
—
Sep 19, 1989
$212,000
Alan Brecht
Hofmann Construc
Grant Deed
$169,000 · World Savings & Loan
Feb 9, 1989
$920,500
Savings An World
Western American
Grant Deed
related
—
Apr 22, 1987
—
Ward John Miotell JR.
Western Fcl Trust Co
Grant Deed
related
—
Jul 3, 1984
$750,000
Western Fin Trust Company
Miottel,ward J JR
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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