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Property profile & analytics
OFF-MARKET
Estimated value
$9,650,000
Apartment buildings
3081 Main St Walnut Creek, CA 94597-1940
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3284463
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Total area
24,648 SF
Lot
1.12 ac (48,787 SF)
APN
170-100-027-3
UPID
US09-3284463
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
-
Evergreen Apartments Apartment Building
-
Pro Garage Door Repair Building Supply General Contractor
-
Enclave Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.21M
CAP Approach
CAP
$6.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.65M
Owner & transaction history
Enclave LP · 5 yrs held
Enclave LP
since 2020
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.3M
+18.8%
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 Walnut Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnut Creek 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
$9,390,000
ML approach
$9,205,000
CAP Approach
CAP Return
Estimation
6%
$6,530,000
6.5%
$6,030,000
7%
$5,595,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$11,165,000
Current use
RETAIL STORES
$13,260,000
Change: +19% · Conversion: Difficult
RESTAURANT
$10,780,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$10,670,000
Change: -4% · Conversion: Moderate
MEDICAL BUILDING
$8,950,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$9.65M
Range $8.69M – $10.62M · ±10% · vs last sale $10.00M (Dec 1 2020)
Last sale anchor
$10.00M
Dec 1 2020
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
$392 / 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
$138,952
Tax year 2024
Assessed value
$10,629,438
Assessed 2024
Previous assessed
$10,629,438
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$3,183,624
Assessed improvement
$7,445,814
Applied tax rate
9.0000
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
1965
Heating
NONE
Stories
1
Units
32
Rooms
32
Total area
24,648 SF
Lot
1.12 ac (48,787 SF)
APN
170-100-027-3
UPID
US09-3284463
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$11.2M
RETAIL STORES
Est. value
$13.3M
RESTAURANT
Est. value
$10.8M
OFFICE BUILDING
Est. value
$10.7M
MEDICAL BUILDING
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
RESTAURANT
OFFICE BUILDING
MEDICAL 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
1965
Heating
NONE
Stories
1
Units
32
Rooms
32
Lot
1.12 ac
Current owner
From public records · entity-resolved
Enclave LP
Entity
Mailing address
2191 MARKET ST STE A, SAN FRANCISCO, CA 94114-4305
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
—
Enclave LP
—
Deed
related
$9,076,800 · Dwight Capital LLC
Dec 1, 2020
$10,004,000
Enclave LP
Alexander J Aram
Grant Deed
$10,000,000 · Dbf Spe III LLC
Jun 2, 2016
—
Julius Aram Alexander
—
Deed
related
$5,210,000 · Jpmorgan Chase Bank NA
May 6, 2014
—
Alexander J Aram
Kim,so M
Quit Claim Deed
related
—
May 6, 2014
$7,280,000
Julius Aram Alexander
Main Street Apartments LLC
Grant Deed
$4,900,000 · Jpmorgan Chase Bank NA
Jan 31, 2012
$4,433,000
Main Street Apartments LLC
Stephens Family 2008 Trust
Grant Deed
$3,000,000 · Capitalsource Bank
Apr 23, 2010
—
Stephens Family 2008 Trust
Stephens,steven J & Rose M
Quit Claim Deed
related
—
Jul 1, 1998
$2,000,000
Steven J Stephens
Chern,chii Y & Po Y
Grant Deed
$1,500,000 · Home Savings Of America
Sep 29, 1987
—
Owner Name Unavailable
—
Grant Deed
related
—
—
—
Steven J Stephens
—
Deed Of Trust
related
$2,200,000 · Bay View Bank
—
—
Steven J Stephens
—
Deed Of Trust
related
$2,400,000 · Quaker City Financial Corp
—
—
Steven J Stephens
—
Deed Of Trust
related
$2,576,000 · Greystone Servicing 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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