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Property profile & analytics
OFF-MARKET
Estimated value
$9,330,000
Hotels
2611 Contra Costa Blvd, Pleasant Hill, CA 94523-4220
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2846672
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2001
Total area
102,506 SF
Lot
2.02 ac (88,165 SF)
APN
149-110-085-3
UPID
US09-2846672
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
by Request
CAP Approach
CAP
$9.49M
Comparable Approach
Comparable
$9.17M
Blend (final)
Blend
$9.33M
Owner & transaction history
Terra Hospitality-sfmsa LLC · 9 yrs held
Terra Hospitality-sfmsa LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.6M
+56.4%
Restaurant
$12.9M
+49.1%
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 Pleasant Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pleasant Hill 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%
$10,285,000
6.5%
$9,490,000
7%
$8,815,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,675,000
Current use
MEDICAL BUILDING
$13,565,000
Change: +56% · Conversion: Difficult
RESTAURANT
$12,925,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$8,010,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$9.33M
Range $8.40M – $10.26M · ±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
$91 / 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
$459,180
Tax year 2024
Assessed value
$37,927,000
Assessed 2024
Previous assessed
$37,927,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$6,326,100
Assessed improvement
$31,600,900
Applied tax rate
12.0000
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/MOTEL
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Units
142
Rooms
142
Total area
102,506 SF
Lot
2.02 ac (88,165 SF)
APN
149-110-085-3
UPID
US09-2846672
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
HOTEL/MOTEL Current
Est. value
$8.7M
MEDICAL BUILDING
Est. value
$13.6M
RESTAURANT
Est. value
$12.9M
OFFICE BUILDING
Est. value
$8.0M
HOTEL/MOTEL Current
MEDICAL BUILDING
RESTAURANT
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
2001
Heating
NONE
Stories
1
Units
142
Rooms
142
Lot
2.02 ac
Current owner
From public records · entity-resolved
Terra Hospitality-sfmsa LLC
Entity
Mailing address
1628 JOHN F KENNEDY BLVD STE #2300, PHILADELPHIA, PA 19103-2128
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2017
—
Terra Hospitality-sfmsa LLC
—
Deed
related
$31,000,000 · Ground Lease Truat A-2017b
Aug 16, 2017
—
Terra Hospitality-sfmsa LLC
—
Deed
related
$69,500,000 · Land Lease Finance #sfmsa
Jun 29, 2017
—
2611 Contra Costra Ca LLC
—
Deed
related
$204,000,000 · National Select Svc Fndg LLC
Jun 12, 2017
$9,000,000
Terra Hospitality-sfmsa LLC
Hhlp Pleasant Hill Assocs LLC
Grant Deed
—
Jun 12, 2017
$36,000,000
2611 Contra Costa Ca LLC
Hhlp Pleasant Hill Assocs LLC
Grant Deed
—
Jan 4, 2007
$19,702,000
Hhlp Pleasant Hill Associates LLC
Pleasant Hill Lodging Partners LP
Partnership Deed
$20,160,000 · Goldman Sachs Commercial Mortgage Capita
Sep 26, 2001
$2,200,000
Pleasant Hill Lodging Partner
Redevelopment Agcy Pleasant Hi
Grant Deed
related
$16,245,000 · Westdeutsche Immobilien Bank
—
—
Terra Hospitality-sfmsa LLC
—
Deed Of Trust
related
$69,500,000 · Land Lease Finance #sfmsa
—
—
2611 Contra Costra Ca LLC
—
Deed Of Trust
related
$204,000,000 · National Select Svc Fndg LLC
—
—
Terra Hospitality-sfmsa LLC
—
Deed Of Trust
related
$31,000,000 · Ground Lease Truat A-2017b
—
—
Terra Hospitality-sfmsa LLC
—
Deed Of Trust
related
$37,500,000 · Ground Lease Tr B-2017b (ct)
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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