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Property profile & analytics
OFF-MARKET
Estimated value
$5,070,000
Apartment buildings
3553 Alma St Palo Alto, CA 94306-3500
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3025727
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
12,010 SF
Lot
0.59 ac (25,625 SF)
Zoning code
RM3
APN
132-28-078
UPID
US09-3025727
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
-
Holistic Innovation Center Medical Clinic
-
Style Painting Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.51M
Comparable Approach
Comparable
$4.63M
Blend (final)
Blend
$5.07M
Owner & transaction history
Alma Meadow LLC · 1 yrs held
Alma Meadow LLC
since 2024
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
RM3 · Palo Alto, CA
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 Palo Alto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palo Alto 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%
$3,805,000
6.5%
$3,510,000
7%
$3,260,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,600,000
Current use
Blend value · Realmo final
$5.07M
Range $4.56M – $5.58M · ±10% · vs last sale $6.07M (Sep 18 2024)
Last sale anchor
$6.07M
Sep 18 2024
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
$422 / 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
$28,828
Tax year 2024
Assessed value
$2,343,081
Assessed 2024
Previous assessed
$2,343,081
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$707,338
Assessed improvement
$1,635,743
Applied tax rate
6.0000
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
1964
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
14
Total area
12,010 SF
Lot
0.59 ac (25,625 SF)
Zoning code
RM3
APN
132-28-078
UPID
US09-3025727
Jurisdiction
SANTA CLARA
Zoning & alternative use
RM3 · Palo Alto, CA
Zoning RM3 · permitted uses
RM3 · Palo Alto, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palo Alto. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.6M
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
1964
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
14
Lot
0.59 ac
Current owner
From public records · entity-resolved
Alma Meadow LLC
Entity
Mailing address
15525 BALLY VW LN, REDDING, CA 96001-9788
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
Alma Meadow LLC
—
Deed
related
$3,900,000 · Everbank NA
Dec 18, 2024
$6,070,000
Alma Meadow LLC
Schaupp 2007 Family Limited Partner
Grant Deed
$3,997,500 · Western Adventist Foundation A Cali
May 15, 2008
—
Schaupp J R & A B 1991 Trust
Schaupp,john R
Quit Claim Deed
related
—
Mar 14, 2008
—
Schaupp 2007 Family
Schaupp,douglas R
Quit Claim Deed
related
—
Dec 29, 2006
—
Jennie S Sierra
Schaupp J R & A B 1991 Trust
Quit Claim Deed
related
—
Dec 20, 2006
—
John R Schaupp
Schaupp,john R
Quit Claim Deed
related
—
Dec 20, 2004
—
Schaupp Family
Schaupp J & A 1991 Trust
Quit Claim Deed
related
—
Feb 26, 1998
—
Schaupp Trust
Schaupp,john R & Arlene B
Quit Claim Deed
related
$1,080,000 · Home Savings Of America
Dec 16, 1994
—
Schaupp Trust
Schaupp,john R & Arlene B
Quit Claim Deed
related
—
Dec 8, 1994
—
John R Schaupp
Schaupp Trust
Quit Claim Deed
related
$1,050,000 · American Savings Bank
Feb 27, 1991
$1,325,000
John Schaupp
Chiu,k.&j.
Grant Deed
$750,000 · World Savings & Loan
Jun 2, 1988
$1,020,000
Kuang&janet Chiu
Hong Ki M And My
Grant Deed
—
—
—
Schaupp 2007 Family LP
—
Deed Of Trust
$1,215,000 · Provident Cu
—
—
Schaupp Trust
—
Deed Of Trust
related
$825,000 · World Savings & Loan
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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