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Property profile & analytics
OFF-MARKET
Estimated value
$5,865,000
Commercial real estate
382 Miller Ave, Mill Valley, CA 94941-2834
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1776449
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1907
Total area
11,205 SF
Lot
0.44 ac (19,200 SF)
APN
030-072-01
UPID
US09-1776449
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
-
Joes Taco Lounge Restaurant
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.87M
Owner & transaction history
First Republic Bank · 3 yrs held
First Republic Bank
since 2022
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
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 Mill Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mill Valley 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
$5,805,000
ML approach
$5,560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.87M
Range $5.28M – $6.45M · ±10% · vs last sale $6.05M (Jul 8 2022)
Last sale anchor
$6.05M
Jul 8 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
$523 / 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
$100,269
Tax year 2024
Assessed value
$6,171,000
Assessed 2024
Previous assessed
$6,171,000
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$4,590,000
Assessed improvement
$1,581,000
Applied tax rate
5.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1907
Heating
NONE
Units
2
Total area
11,205 SF
Lot
0.44 ac (19,200 SF)
APN
030-072-01
UPID
US09-1776449
Jurisdiction
MARIN
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, 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
Building & site characteristics
From public records
Year built
1907
Heating
NONE
Units
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
First Republic Bank
Entity
Free & Clear · 3 yrs held
Mailing address
29 EUGENE ST, MILL VALLEY, CA 94941-1717
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
—
First Republic Bank
Pier Rock 380 LLC
Assignment Of Lease (leasehold Sale)
—
Jul 8, 2022
$6,050,000
Pier Rock 380 LLC
Bella Carmel LLC
Grant Deed
—
Jul 8, 2022
—
Therese Anne Armstrong
Chad Wilson
Intrafamily Transfer
related
—
Mar 25, 2021
—
W J Lenherr LLC
Wayne Lenherr
Intrafamily Transfer
related
—
Mar 4, 2021
—
Bella Carmel LLC
Carol A Lenherr
Grant Deed
—
Oct 29, 2020
—
Carol A Lenherr
Lenherr Properties LLC
Quit Claim Deed
related
—
Jan 2, 2003
—
Lenherr Properties LLC
Lenherr Bros
Quit Claim 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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