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Property profile & analytics
OFF-MARKET
Estimated value
$5,450,000
Super regional malls
2951 Hbr St Pittsburg, CA 94565-5499
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-1285860
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1987
Total area
21,150 SF
Lot
1.65 ac (71,874 SF)
APN
088-300-019-2
UPID
US09-1285860
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
$5.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.45M
Owner & transaction history
Mikael Thomas Family Trust LLC · 11 yrs held
Mikael Thomas Family Trust LLC
since 2014
7 recorded transactions
Zoning & alternative use
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 Pittsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsburg 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%
$6,300,000
6.5%
$5,815,000
7%
$5,400,000
Blend value · Realmo final
$5.45M
Range $4.91M – $6.00M · ±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
$258 / 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
$46,994
Tax year 2024
Assessed value
$2,768,961
Assessed 2024
Previous assessed
$2,768,961
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$1,185,704
Assessed improvement
$1,583,257
Applied tax rate
7.0000
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
1987
Heating
NONE
Stories
1
Units
12
Rooms
12
Total area
21,150 SF
Lot
1.65 ac (71,874 SF)
APN
088-300-019-2
UPID
US09-1285860
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
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
1
Units
12
Rooms
12
Lot
1.65 ac
Current owner
From public records · entity-resolved
Mikael Thomas Family Trust LLC
Trust
Mailing address
PO BOX 14176, FREMONT, CA 94539-1376
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2014
—
Mikael Thomas Family Trust LLC
Deutsche Bank 2007-1
Grant Deed
$1,725,000 · Miscellaneous Ins Co
Mar 28, 2014
—
Deutsche Bk Series 2007-1 Tr
Corpuz Trust
Deed In Lieu Of Foreclosure
related
—
Oct 29, 2012
—
Corpuz Trust
Corpuz Trust
Quit Claim Deed
related
—
Jul 22, 2005
$5,000,000
Corpuz Trust
Aha & Associates LLC
Grant Deed
$3,250,000 · United Commercial Bank
Apr 10, 2003
$1,627,000
Aha & Associates LLC
Mortgage Investors INC
Grant Deed
—
Mar 22, 1999
$598,500
Mortgage Investors II LLC
Firsone Trust
Grant Deed
related
—
Mar 22, 1995
—
Frisone Trust
Larry F Frisone Trustee
Quit Claim Deed
related
—
—
—
Mortgage Investors II LLC
—
Deed Of Trust
related
$1,903,000 · General Electric Capital Corp
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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