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Property profile & analytics
OFF-MARKET
Estimated value
$12,120,000
Apartment buildings
35 Laurel Dr Danville, CA 94526-3444
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-4933956
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2002
Total area
38,927 SF
Lot
2.78 ac (121,053 SF)
APN
216-102-010-8
UPID
US09-4933956
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
-
Sycamore Place Apartment Complex Apartment Building
-
Bay Best Construction Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.19M
CAP Approach
CAP
$9.52M
Comparable Approach
Comparable
$11.91M
Blend (final)
Blend
$12.12M
Owner & transaction history
Sycamore Place Senior Housing LP · 4 yrs held
Sycamore Place Senior Housing LP
since 2022
Last sale
$12.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.0M
+60.2%
Medical building
$14.1M
+33.0%
Commercial (general)
$13.6M
+27.5%
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 Danville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Danville 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
$12,565,000
ML approach
$10,185,000
CAP Approach
CAP Return
Estimation
6%
$10,315,000
6.5%
$9,520,000
7%
$8,840,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,625,000
Current use
RESTAURANT
$17,020,000
Change: +60% · Conversion: Difficult
MEDICAL BUILDING
$14,140,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,550,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$13,380,000
Change: +26% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,320,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$9,365,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$12.12M
Range $10.91M – $13.33M · ±10% · vs last sale $12.00M (May 26 2022)
Last sale anchor
$12.00M
May 26 2022
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
$311 / 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
$50,721
Tax year 2024
Assessed value
$12,524,581
Assessed 2024
Previous assessed
$12,524,581
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$4,161,600
Assessed improvement
$8,362,981
Applied tax rate
16.0000
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
2002
Heating
NONE
Stories
1
Units
73
Rooms
73
Total area
38,927 SF
Lot
2.78 ac (121,053 SF)
APN
216-102-010-8
UPID
US09-4933956
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
$10.6M
RESTAURANT
Est. value
$17.0M
MEDICAL BUILDING
Est. value
$14.1M
COMMERCIAL (GENERAL)
Est. value
$13.6M
OFFICE BUILDING
Est. value
$13.4M
AUTO REPAIR, GARAGE
Est. value
$10.3M
RETAIL STORES
Est. value
$9.4M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2002
Heating
NONE
Stories
1
Units
73
Rooms
73
Lot
2.78 ac
Current owner
From public records · entity-resolved
Sycamore Place Senior Housing LP
Entity
Mailing address
600 CALIFORNIA ST FL #900, SAN FRANCISCO, CA 94108-9800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2022
$12,000,000
Sycamore Place Senior Housing LP
Danville Senior Housing Associates
Grant Deed
$11,901,723 · Us Bank NA
May 26, 2022
—
Sycamore Place Senior Housing LP
—
Deed
related
$3,480,777 · Us Bancorp Communitydevelopment Corporat
Jun 29, 2018
—
Danville Senior Hsng Assocs
—
Deed
related
$1,117,876 · Century Hsng
—
—
Danville Senior Hsng Assocs
—
Deed Of Trust
related
$1,117,876 · Century Hsng
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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