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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Retail space
367 Colusa Ave Kensington, CA 94707-1208
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2757621
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
8,734 SF
Lot
0.23 ac (10,200 SF)
Zoning code
R-B
APN
571-340-020-7
UPID
US09-2757621
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
$3.13M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$2.27M
Owner & transaction history
Mountain Thistle 1031 LLC · 6 yrs held
Mountain Thistle 1031 LLC
since 2019
7 recorded transactions
Zoning & alternative use
R-B · Kensington, 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 Kensington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kensington 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%
$3,395,000
6.5%
$3,130,000
7%
$2,910,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,155,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,795,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,645,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±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
$260 / 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
$48,770
Tax year 2024
Assessed value
$3,297,018
Assessed 2024
Previous assessed
$3,297,018
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$857,760
Assessed improvement
$2,439,258
Applied tax rate
85.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Heating
NONE
Stories
1
Units
12
Rooms
12
Total area
8,734 SF
Lot
0.23 ac (10,200 SF)
Zoning code
R-B
APN
571-340-020-7
UPID
US09-2757621
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
R-B · Kensington, CA
Zoning R-B · permitted uses
R-B · Kensington, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kensington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1946
Heating
NONE
Stories
1
Units
12
Rooms
12
Lot
0.23 ac
Current owner
From public records · entity-resolved
Mountain Thistle 1031 LLC
Entity
Mailing address
1600 SHATTUCK AVE STE #106, BERKELEY, CA 94709-1647
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
Mountain Thistle 1031 LLC
—
Deed
related
$2,180,000 · Cbre Capital Market INC
Oct 31, 2019
$3,075,000
Mountain Thistle 1031 LLC
Clara Linda Tomaselil
Grant Deed
$1,810,625
Oct 31, 2019
—
Baker Trust
William A Baker
Affidavit Of Death
related
—
Jun 1, 2018
—
Baker Trust
Baker,william A & Deanna
Affidavit Of Death
related
—
Sep 1, 2015
—
Baker Trust
Baker,deanna L
Quit Claim Deed
related
—
Jun 12, 2009
—
Caruso Family Living Trust
Caruso,alan V
Quit Claim Deed
related
—
Aug 20, 2008
—
Darrah Clara L 2008 Trust
Darrah,clara L
Quit Claim Deed
related
—
Jun 29, 2001
—
Linda Darrah
Caruso Trust
Grant Deed
related
—
Jul 30, 1984
—
Owner Name Unavailable
—
Grant Deed
related
—
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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