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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Retail space
3047 Cutting Blvd Richmond, CA 94804-2927
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0490047
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1944
Total area
2,681 SF
Lot
0.09 ac (4,127 SF)
APN
549-072-013-2
UPID
US09-0490047
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
-
China Wok Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$810k
Owner & transaction history
Helen Hong Yu · 1 yrs held
Helen Hong Yu
since 2025
Last sale
$801,818
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$975,000
+149.4%
Commercial (general)
$760,000
+94.2%
Auto repair, garage
$690,000
+77.3%
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
$810,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$975,000
Change: +149% · Conversion: Difficult
COMMERCIAL (GENERAL)
$760,000
Change: +94% · Conversion: Easy
AUTO REPAIR, GARAGE
$690,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: +70% · Conversion: Easy
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $802k (May 21 2025)
Last sale anchor
$802k
May 21 2025
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
$302 / 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
$5,811
Tax year 2024
Assessed value
$103,192
Assessed 2024
Previous assessed
$103,192
+0.0% YoY
Effective rate
5.63%
On assessed value
Assessed land
$30,878
Assessed improvement
$72,314
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
1944
Heating
NONE
Stories
1
Total area
2,681 SF
Lot
0.09 ac (4,127 SF)
APN
549-072-013-2
UPID
US09-0490047
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
MEDICAL BUILDING
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$690,000
OFFICE BUILDING
Est. value
$665,000
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1944
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Helen Hong Yu
Individual
Free & Clear · 1 yrs held
Mailing address
39 CORK RD, ALAMEDA, CA 94502-7704
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
—
Helen Hong Yu
Helen H Yu
Deed
related
—
May 10, 2005
—
Helen H Yu
Yu,hong
Quit Claim Deed
related
$527,000 · East West Bank
Sep 21, 1999
$801,818
Hong Yu
Merrida,barbara M
Grant Deed
—
Sep 17, 1993
—
Barbara Merrida
Merrida,barbara
Quit Claim Deed
related
—
—
—
Hong Yu
—
Deed Of Trust
related
$112,000 · Trans Pacific Bank
—
—
Oscar W Merrida
—
Deed Of Trust
related
$60,000 · Home Budget Loans
—
—
Hong Yu
—
Deed Of Trust
related
$88,000 · Trans Pacific Bank
—
—
Barbara M Merrida
—
Deed Of Trust
related
$125,806 · Individual
Sep 11, 1963
—
Owner Name Unavailable
—
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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