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Property profile & analytics
OFF-MARKET
Estimated value
$11,785,000
Apartment buildings
37057 Magnolia St Newark, CA 94560-3628
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-7041366
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1988
Construction
WOOD
Total area
69,368 SF
Lot
3.33 ac (144,846 SF)
APN
92-53-5
UPID
US09-7041366
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
-
Alderwood Park Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.79M
Owner & transaction history
Ap Trust · 11 yrs held
Ap Trust
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$19.4M
+14.9%
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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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%
$16,750,000
6.5%
$15,460,000
7%
$14,355,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$16,910,000
Current use
COMMERCIAL (GENERAL)
$19,425,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$11.79M
Range $10.61M – $12.96M · ±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
$170 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$366,777
Tax year 2023
Assessed value
$27,635,510
Assessed 2024
Previous assessed
$27,107,434
+1.9% YoY
Effective rate
1.33%
On assessed value
Assessed land
$7,540,800
Assessed improvement
$20,094,710
Applied tax rate
11.0000
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
1988
Construction
WOOD
Heating
NONE
Buildings
10
Stories
3
Units
96
Rooms
336
Bathrooms
112
Total area
69,368 SF
Lot
3.33 ac (144,846 SF)
APN
92-53-5
UPID
US09-7041366
Jurisdiction
ALAMEDA
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
$16.9M
COMMERCIAL (GENERAL)
Est. value
$19.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1988
Construction
WOOD
Heating
NONE
Stories
3
Buildings
10
Units
96
Rooms
336
Bathrooms
112
Lot
3.33 ac
Current owner
From public records · entity-resolved
Ap Trust
Trust
Mailing address
1141 OWSLEY AVE STE A, SAN JOSE, CA 95122-3134
Ownership since
2014
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
Dec 21, 2017
—
Opportunity Partners LLC
—
Deed
related
$22,190,000 · Opus Bk
Oct 31, 2014
$23,500,000
Ap Trust
Essex Alderwood Park Apartment
Grant Deed
—
Sep 20, 2006
—
Essex Alderwood Park Apartment
Alderwood Park LLC
Quit Claim Deed
—
Apr 14, 1998
—
Alderwood Park LLC
—
Deed Of Trust
related
$5,395,000 · Bankers Mutual
Apr 13, 1998
$3,120,500
Alderwood Park LLC
Pearce Trust
Grant Deed
related
—
—
—
Alderwood Park LLC
—
Deed Of Trust
related
$7,300,000 · Wachovia Bank NA
—
—
Opportunity Partners LLC
—
Deed Of Trust
related
$16,450,000 · Jp Morgan Chase Bk
—
—
Opportunity Partners LLC
—
Deed Of Trust
related
$22,190,000 · Opus Bk
—
—
Paul&shei Pearce
—
Deed Of Trust
related
$4,500,000 · Republic Federal S & L
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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