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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Apartment buildings
3444 Monroe St Santa Clara, CA 95051-1431
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2990661
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
4,295 SF
Lot
0.18 ac (7,750 SF)
Zoning code
R3
APN
220-19-018
UPID
US10-2990661
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
-
Sunshine Day Care Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.98M
Owner & transaction history
Minghao Cui · 1 yrs held
Minghao Cui
since 2025
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
R3 · Santa Clara, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+47.8%
Office building
$2.4M
+42.8%
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 Santa Clara submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Clara 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
$2,010,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,250,000
7%
$1,160,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,645,000
Current use
RETAIL STORES
$2,430,000
Change: +48% · Conversion: Difficult
OFFICE BUILDING
$2,350,000
Change: +43% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,525,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.93M (Feb 14 2025)
Last sale anchor
$1.93M
Feb 14 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
$460 / 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
$12,535
Tax year 2024
Assessed value
$1,059,018
Assessed 2024
Previous assessed
$1,059,018
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$572,609
Assessed improvement
$486,409
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
6
Total area
4,295 SF
Lot
0.18 ac (7,750 SF)
Zoning code
R3
APN
220-19-018
UPID
US10-2990661
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3 · Santa Clara, CA
Zoning R3 · permitted uses
R3 · Santa Clara, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Clara. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.6M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
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
1962
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
6
Lot
0.18 ac
Current owner
From public records · entity-resolved
Minghao Cui
Individual
Mailing address
789 LAS LOMAS DR, MILPITAS, CA 95035-4528
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
$1,925,000
Minghao Cui
Bhogilal G Suthar
Grant Deed
—
Jan 2, 2019
—
Bhogilal G Suthar
—
Deed
related
$850,000 · Jpmorgan Chase Bank NA
Jul 1, 2011
$860,000
Bhogilal G Suthar
Ab Investments LLC
Grant Deed
$560,000 · Jpmorgan Chase Bank NA
Nov 21, 2003
$700,000
Ab Investments LLC
San Pablo Acres LLC
Grant Deed
$445,000 · World Savings Bank
Aug 14, 2003
—
San Pablo Acres LLC
Frauenhoff,tr
Grant Deed
related
—
Dec 28, 2001
—
Frauenhoff Trust
Frauenhoff Trust
Quit Claim Deed
related
—
Mar 12, 2001
—
Frauenhoff Trust
Frauenhoff,rose
Quit Claim Deed
related
—
Feb 2, 1989
$415,000
Thiesen,clarence
Brown,w.
Trustees Deed
$270,000 · World Savings & Loan
Feb 2, 1989
$308,500
Brown,william
Starker Services
Trustees Deed
related
—
—
—
Rose Frauenhoff
—
Deed Of Trust
related
$162,000 · Aufderheide Pension
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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