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    3535 El Portal Dr, Unit A-B Richmond, CA 94803-2740
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    Property profile & analytics

    3535 El Portal Dr, Unit A-B, Richmond, CA 94803-2740

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    • Apartment buildings
    • 34,848 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US09-4935602
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,755,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mr Dumpster Rental Services / Waste Management Facility / Hazardous Waste Disposal
    • ER Holistic / Apartment Building
    • Solace Apartment Homes / Apartment Building
    • Cesar Car Service / Limousine Service / Airport Shuttle Service
    • Premier Beauty Spa / Spa & Massage Center

    Property Details for 3535 El Portal Dr

    Year built
    1991
    Lot size
    0.34 lot acres
    Property type
    Apartment buildings
    APN
    420-021-039-3
    APU
    4200210393

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Contra Costa
    State
    California
    Longitude
    -122.319
    Latitude
    37.9658
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $63,478
    $1,179,314
    $797,415
    $1,976,729
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $8,120,000
      53,439 SF

      4935 San Pablo Dm Rd

      APARTMENT HOUSE (5+ UNITS)
      4935 San Pablo Dm Rd, Richmond, CA 94803-3200
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    • Value Estimation
      $700,000
      4,264 SF

      437 Corte Arango

      APARTMENT HOUSE (5+ UNITS)
      437 Corte Arango, El Sobrante, CA 94803-1846
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    • Value Estimation
      $4,540,000
      27,993 SF

      4350 San Pablo Dm Rd

      APARTMENT HOUSE (5+ UNITS)
      4350 San Pablo Dm Rd, El Sobrante, CA 94803-3044
      View Details
    • Value Estimation
      $510,000
      4,332 SF

      455 Corte Arango

      APARTMENT HOUSE (5+ UNITS)
      455 Corte Arango, El Sobrante, CA 94803-1843
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    • Value Estimation
      $2,445,000
      22,104 SF

      3535 El Portal Dr, Unit F

      APARTMENT HOUSE (5+ UNITS)
      3535 El Portal Dr, Richmond, CA 94803-2740
      View Details
    • Value Estimation
      $1,360,000
      8,064 SF

      4257 San Pablo Dm Rd

      APARTMENT HOUSE (5+ UNITS)
      4257 San Pablo Dm Rd, El Sobrante, CA 94803-3054
      View Details

    Similar Nearby for Sale

    • $1,250,000

      El Sobrante Mixed-Use Development

      Mixed-use property in El Sobrante for development or immediate revenue.
      4020 San Pablo Dam Rd, El Sobrante, CA 94803
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    • $2,295,000
      9,600 SF

      Upgraded Retail/Office Building For Sale

      Vacant, upgraded retail/office building with flexible layout in El Sobrante.
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    • $165,000
      1.16 Acres

      El Sobrante Land with Views

      Over one acre lot with potential for multiple homes.
      7 Abbie Ln, El Sobrante, CA 94803
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    • Contact for pricing
      3,542 SF

      El Sobrante Cocktail Lounge Building

      3542 SF building on 0.65 acre lot.
      4160 Appian Way, El Sobrante, CA 94803
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    Similar Nearby for Lease

    • Contact for pricing

      Freeway-Visible Shopping Center Space

      High-volume shopping center with excellent visibility and pylon signage.
      3360 San Pablo Dam Rd, San Pablo, CA 94803
      View Details
    • $995 /Mo
      1,698 SF

      El Sobrante Commercial Space

      Commercial space available for rent in El Sobrante, California.
      5054 El Portal Dr, El Sobrante, CA 94803
      View Details
    • Contact for pricing

      El Sobrante Neighborhood Retail Center

      Neighborhood retail center with strong traffic and freeway access.
      3550 San Pablo Dam Rd, El Sobrante, CA 94803
      View Details
    • Contact for pricing

      El Sobrante Office Space Available

      Office space available for rent in El Sobrante, California.
      5054 El Portal Dr, El Sobrante, CA 94803
      View Details
    • Contact for pricing
      10,319 SF

      El Sobrante Medical/General Office Space

      Medical and general office spaces available for lease.
      3980 San Pablo Dam Rd, El Sobrante, CA 94803
      View Details
    • Contact for pricing
      10,319 SF

      Office Building with Flexible Units

      Office building with units from 487 to 2,664 sq. ft.
      4000 San Pablo Dam Rd, El Sobrante, CA 94803
      View Details
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    Richmond, CA 94803-2740
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    3535 El Portal Dr, Richmond, CA, 94803
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