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Property profile & analytics
OFF-MARKET
Estimated value
$2,405,000
Apartment buildings
3499 Norton Way Pleasanton, CA 94566-6896
Trust Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8331552
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
14,656 SF
Lot
0.69 ac (30,091 SF)
APN
946-2551-11-1
UPID
US09-8331552
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
$3.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.41M
Owner & transaction history
Meager Paul A Living Trust · 18 yrs held
Meager Paul A Living Trust
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Pleasanton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pleasanton 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%
$3,540,000
6.5%
$3,265,000
7%
$3,035,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,575,000
Current use
Blend value · Realmo final
$2.41M
Range $2.16M – $2.65M · ±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
$164 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$49,361
Tax year 2023
Assessed value
$4,179,551
Assessed 2024
Previous assessed
$4,097,627
+2.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,287,680
Assessed improvement
$2,891,871
Applied tax rate
19.0000
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
1971
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
19
Bathrooms
25
Total area
14,656 SF
Lot
0.69 ac (30,091 SF)
APN
946-2551-11-1
UPID
US09-8331552
Jurisdiction
ALAMEDA
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
$3.6M
APARTMENT HOUSE (5+ UNITS) Current
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
1971
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
19
Bathrooms
25
Lot
0.69 ac
Current owner
From public records · entity-resolved
Meager Paul A Living Trust
Trust
Mailing address
1340 HARTMAN RD, LIVERMORE, CA 94551-9120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2019
—
Fallon Ents INC
—
Deed
related
$3,000,000 · Heritage Bk/commerce
Sep 20, 2007
—
Meager Paul A Living Trust
Meager Family Living Trust
Quit Claim Deed
related
—
Sep 6, 2007
—
Meager Claire M Living Trust
Meager,claire M
Quit Claim Deed
related
—
May 22, 2007
—
Meager Family Living Trust
Meager,paul A
Quit Claim Deed
related
—
Mar 17, 2006
—
Louie Family Trust
Louie,kenneth B & Sherry S
Quit Claim Deed
related
—
Apr 20, 2005
—
Louie F & J 1997 Trust
Louie,franklin L
Quit Claim Deed
related
—
May 28, 2004
$2,700,000
Frank L Louie
Pleasanton One
Grant Deed
$1,890,000 · Fremont Bank
May 28, 2004
—
Paul A Meager
Meager,olga H
Quit Claim Deed
related
—
Feb 1, 1989
$1,200,000
One Pleasanton
Keith,donald&glo
Grant Deed
$900,000 · World Savings & Loan
—
—
Fallon Ents INC
—
Deed Of Trust
related
$3,000,000 · Heritage Bk/commerce
—
—
Louie F & J 1997 Trust
—
Deed Of Trust
related
$200,000 · Wong Family 1997 Trust
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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