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Property profile & analytics
OFF-MARKET
Estimated value
$36,950,000
Apartment buildings
365 Talbot Ave Pacifica, CA 94044-2657
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0216589
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
58,775 SF
Lot
3.04 ac (132,355 SF)
Zoning code
R30000
APN
016-220-120
UPID
US09-0216589
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
$24.61M
Comparable Approach
Comparable
$36.32M
Blend (final)
Blend
$36.95M
Owner & transaction history
Pacifica Horizons West LP · 4 yrs held
Pacifica Horizons West LP
since 2022
Last sale
$38.5M
7 recorded transactions
Zoning & alternative use
R30000 · Pacifica, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$39.7M
+82.9%
Office building
$37.7M
+73.5%
Neighborhood: shopping center
$31.7M
+45.9%
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 Pacifica submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacifica 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
$34,490,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$26,660,000
6.5%
$24,610,000
7%
$22,855,000
Alternative Use
Use
Estimation
RESTAURANT
$39,740,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$37,700,000
Change: +73% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$31,715,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$29,890,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$27,160,000
Change: +25% · Conversion: Moderate
AUTO REPAIR, GARAGE
$26,700,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$22,490,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$36.95M
Range $33.26M – $40.65M · ±10% · vs last sale $38.50M (Jan 18 2022)
Last sale anchor
$38.50M
Jan 18 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
$629 / 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
$502,056
Tax year 2024
Assessed value
$40,085,774
Assessed 2024
Previous assessed
$40,085,774
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$8,323,200
Assessed improvement
$31,762,574
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
1971
Heating
NONE
Stories
4
Units
78
Rooms
24
Bathrooms
8
Total area
58,775 SF
Lot
3.04 ac (132,355 SF)
Zoning code
R30000
APN
016-220-120
UPID
US09-0216589
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
R30000 · Pacifica, CA
Zoning R30000 · permitted uses
R30000 · Pacifica, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pacifica. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$39.7M
OFFICE BUILDING
Est. value
$37.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$31.7M
RETAIL STORES
Est. value
$29.9M
COMMERCIAL (GENERAL)
Est. value
$27.2M
AUTO REPAIR, GARAGE
Est. value
$26.7M
WAREHOUSE, STORAGE
Est. value
$22.5M
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1971
Heating
NONE
Stories
4
Units
78
Rooms
24
Bathrooms
8
Lot
3.04 ac
Current owner
From public records · entity-resolved
Pacifica Horizons West LP
Entity
Mailing address
428 ENCINAL AVE, MENLO PARK, CA 94025-3156
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
$38,500,000
Pacifica Horizons West LP
Air Horizons West Apartments LLC
Grant Deed
$22,344,000 · Wells Fargo Bank NA
May 27, 2016
—
Aimco Horizons West Apartments LLC
—
Deed
related
$15,950,000 · Federal Home Loan Mortgage Corp
May 11, 2016
—
Aimco Horizons West Apartment LLC
—
Deed
related
$15,950,000 · Federal Home Loan Mortgage Corp
Nov 16, 2006
$15,081,000
Aimco Horizons West Apartments
Horizons West Apts LLC
Grant Deed
—
Jan 21, 1999
$1,341,000
Horizons West Apartments LLC
Ordemann,walt & Carol L
Trustees Deed
—
Jan 21, 1999
$1,110,000
Horizons West Apartments LLC
Pozzani,carl F & Harumi
Grant Deed
—
Jan 21, 1999
$1,040,500
Horizons West Apartments LLC
Campanella,philip A & Mildred S
Trustees Deed
—
Jan 21, 1999
—
Horizons West Apartments LLC
Kahn Trust
Grant Deed
related
—
Nov 21, 1996
—
Bingham Trust
Bingham,donald R & Atsuko
Quit Claim Deed
related
—
Jan 30, 1996
$41,000
Philip A Campanella
Malter Trust
Grant Deed
related
—
Aug 30, 1995
—
Robert E Sarafan
Sarafan,yvonne
Quit Claim Deed
related
—
—
—
Walt Ordemann
—
Deed Of Trust
related
$600,000 · Shearson Lwhman
—
—
Wendy&frede Kahn
—
Deed Of Trust
related
$3,750,000 · California Federal Bank
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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