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Property profile & analytics
OFF-MARKET
Estimated value
$29,090,000
Apartment buildings
3189 Garrity Way Richmond, CA 94806-5869
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-2286143
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2003
Total area
190,471 SF
Lot
11.32 ac (493,273 SF)
APN
405-290-068-7
UPID
US09-2286143
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
$29.09M
Owner & transaction history
Bre Piper Mf Tides Ca LLC · 11 yrs held
Bre Piper Mf Tides Ca LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$47.1M
+7.7%
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
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)
$43,755,000
Current use
OFFICE BUILDING
$47,110,000
Change: +8% · Conversion: Moderate
RETAIL STORES
$36,310,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$29.09M
Range $26.18M – $32.00M · ±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
$153 / 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
$888,342
Tax year 2024
Assessed value
$50,087,842
Assessed 2024
Previous assessed
$50,087,842
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$17,674,272
Assessed improvement
$32,413,570
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Units
200
Rooms
200
Total area
190,471 SF
Lot
11.32 ac (493,273 SF)
APN
405-290-068-7
UPID
US09-2286143
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
$43.8M
OFFICE BUILDING
Est. value
$47.1M
RETAIL STORES
Est. value
$36.3M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
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
2003
Heating
NONE
Stories
1
Units
200
Rooms
200
Lot
11.32 ac
Current owner
From public records · entity-resolved
Bre Piper Mf Tides Ca LLC
Entity
Mailing address
PO BOX A3878, CHICAGO, IL 60690-3878
Ownership since
2015
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
Mar 3, 2017
—
Bre Piper Mf Tides Ca LLC
—
Deed
related
$42,030,000 · Holliday Fenoglio Fowler
Apr 16, 2015
$17,107,000
Bre Piper Mf Tides Ca LLC
Richmond Tides Owner LLC
Grant Deed
$26,007,000 · Us Bank NA 2011-k701 (ce)
May 11, 2012
—
Richmond Tides Owner LLC
Richmond Investors 2010 LLC
Grant Deed
—
Jan 11, 2011
$3,014,000
Tides Investors 2010 Spe LLC
Richmond Investors 2010 LLC
Grant Deed
—
Aug 2, 2010
—
Richmond Investors 2010 LLC
Tides Residential Pr I LLC
Grant Deed
$26,007,000 · Deutsche Bank Berkshire Mortgage In
Aug 9, 2006
—
Tides Residential Pr I LLC
Fairfield Hilltop
Grant Deed
—
Dec 5, 2002
$6,750,000
Fairfield Hilltop LP
Autonation USA Corp
Grant Deed
$27,277,465 · First Bank & Trust
—
—
Bre Piper Mf Tides Ca LLC
—
Deed Of Trust
related
$42,030,000 · Holliday Fenoglio Fowler
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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