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Property profile & analytics
OFF-MARKET
Estimated value
$12,790,000
Apartment buildings
301 Oxford Way, Belmont, CA 94002-2747
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US10-1971355
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Total area
51,705 SF
Lot
1.53 ac (66,522 SF)
Zoning code
R30000
APN
040-303-350
UPID
US10-1971355
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.79M
Owner & transaction history
Ih Three21 Belmont LLC · 4 yrs held
Ih Three21 Belmont LLC
since 2022
7 recorded transactions
Zoning & alternative use
R30000 · Belmont, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$19.8M
+10.6%
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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$17,885,000
Current use
WAREHOUSE, STORAGE
$19,785,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$12.79M
Range $11.51M – $14.07M · ±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
$247 / 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
$422,054
Tax year 2024
Assessed value
$28,611,000
Assessed 2024
Previous assessed
$28,611,000
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$8,791,380
Assessed improvement
$19,819,620
Applied tax rate
3.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1968
Heating
CENTRAL
Stories
3
Units
65
Rooms
65
Total area
51,705 SF
Lot
1.53 ac (66,522 SF)
Zoning code
R30000
APN
040-303-350
UPID
US10-1971355
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R30000 · Belmont, CA
Zoning R30000 · permitted uses
R30000 · Belmont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$17.9M
WAREHOUSE, STORAGE
Est. value
$19.8M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1968
Heating
CENTRAL
Stories
3
Units
65
Rooms
65
Lot
1.53 ac
Current owner
From public records · entity-resolved
Ih Three21 Belmont LLC
Entity
Mailing address
PO BOX 52078, IRVINE, CA 92619-2078
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
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
—
Ih Three21 Belmont LLC
875 Woodside LLC
Grant Deed
$31,870,000 · Wilmington Trust NA
Nov 21, 2019
—
875 Woodside LLC
—
Deed
related
$18,720,000 · Homestreet Bank
Mar 10, 2017
—
875 Woodside LLC
—
Deed
related
$16,575,000 · Luther Burbank Savings
Jul 1, 2015
$23,650,000
875 Woodside LLC
Tilden Oxford LLC
Grant Deed
$16,400,000 · Far East National Bank
Sep 17, 2014
$17,550,000
Tilden-oxford LLC
Oxford Manor LLC
Grant Deed
$12,500,000 · Miscellaneous Ins Co
Apr 28, 2008
$469,000
Oxford Manor LLC
Oxford Manor Spe 14 LLC
Grant Deed
—
Nov 21, 2007
$175,000
Oxford Manor Spe 19 LLC
Oxford Manor LLC
Grant Deed
—
Nov 8, 2007
$90,000
Oxford Manor Spe 18 LLC
Oxford Manor LLC
Grant Deed
—
Aug 21, 2007
$1,795,500
Oxford Manor Spe 17 LLC
Oxford Manor LLC
Grant Deed
$421,304 · Oxford Manor LLC
Jul 31, 2007
$200,000
Oxford Manor Spe 16 LLC
Oxford Manor LLC
Grant Deed
—
Jun 26, 2007
$173,000
Oxford Manor Spe 15 LLC
Oxford Manor LLC
Grant Deed
—
Jun 1, 2007
$693,000
Oxford Manor Spe 14 LLC
Oxford Manor LLC
Grant Deed
$248,636 · Oxford Manor LLC
May 21, 2007
$125,000
Oxford Manor Spe 13 LLC
Oxford Manor LLC
Grant Deed
—
Mar 5, 2007
$173,000
Oxford Manor Spe 12 LLC
Oxford Manor LLC
Grant Deed
—
Dec 29, 2006
$9,864,000
Mnm Partners LLC
301-321 Oxford Way LLC
Grant Deed
—
Dec 29, 2006
$9,564,000
Oxford Manor LLC
Mnm Partners LLC
Grant Deed
$5,500,000 · First Republic Bank
Jan 30, 2001
—
301-321 Oxford Way LLC
Chavez,marco M
Grant Deed
related
—
Nov 20, 1997
—
Marco M Chavez
Chavez,linda
Quit Claim Deed
related
—
Nov 20, 1997
$4,300,000
Chavez,marco M
Bronstein,merrill H
Trustees Deed
$3,225,000 · Home Savings Of America
Apr 16, 1996
—
Merrill H Bronstein
Bronstein,susan S
Quit Claim Deed
related
—
Nov 1, 1990
$711,500
Merril Bronstein
Borel Bank & Tru
Grant Deed
—
Mar 28, 1990
$693,318
Borel Bank & Tru
Cassil,r./raymon
Grant Deed
related
$400,000 · Individual
—
—
Merrill H Bronstein
—
Deed Of Trust
related
$415,000 · Individual
—
—
Oxford Manor LLC
—
Deed Of Trust
related
$6,630,000 · First Republic Bank
—
—
Oxford Manor LLC
—
Deed Of Trust
related
$1,130,059 · First Republic Bank
—
—
301-321 Oxford Way LLC
—
Deed Of Trust
related
$5,325,000 · Washington Mutual Fsb
—
—
Borel Bank & Tru
—
Deed Of Trust
related
$400,000 · Pacific National 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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