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Property profile & analytics
OFF-MARKET
Estimated value
$4,310,000
Retail space
3835 Alhambra Ave Martinez, CA 94553-3805
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2889496
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,203 SF
Lot
1.25 ac (54,450 SF)
APN
370-270-002-6
UPID
US10-2889496
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
$4.34M
CAP Approach
CAP
$5.59M
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$4.31M
Owner & transaction history
Shiraz Development LLC · 4 yrs held
Shiraz Development LLC
since 2021
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+116.4%
Medical building
$5.2M
+79.7%
Commercial (general)
$4.9M
+72.2%
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 Martinez submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martinez 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
$4,175,000
ML approach
$4,335,000
CAP Approach
CAP Return
Estimation
6%
$6,055,000
6.5%
$5,590,000
7%
$5,190,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,870,000
Current use
RESTAURANT
$6,210,000
Change: +116% · Conversion: Easy
MEDICAL BUILDING
$5,160,000
Change: +80% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,945,000
Change: +72% · Conversion: Easy
OFFICE BUILDING
$4,885,000
Change: +70% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,765,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,600,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$4.31M
Range $3.88M – $4.74M · ±10% · vs last sale $4.72M (Dec 15 2021)
Last sale anchor
$4.72M
Dec 15 2021
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
$303 / 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
$58,255
Tax year 2024
Assessed value
$4,905,486
Assessed 2024
Previous assessed
$4,905,486
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,633,428
Assessed improvement
$3,272,058
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
4
Stories
1
Rooms
6
Total area
14,203 SF
Lot
1.25 ac (54,450 SF)
APN
370-270-002-6
UPID
US10-2889496
Jurisdiction
CONTRA COSTA
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
RETAIL STORES Current
Est. value
$2.9M
RESTAURANT
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
4
Rooms
6
Lot
1.25 ac
Current owner
From public records · entity-resolved
Shiraz Development LLC
Entity
Mailing address
50 TERRA TERESA, LAFAYETTE, CA 94549-2040
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Dec 15, 2021
$4,715,000
Shiraz Development LLC
Ta Alhambra LLC
Grant Deed
$2,700,000 · Standard Insurance Co
May 1, 2018
—
Ta Alhambra LLC
Alhambra Avenue Properties Partners
Grant Deed
—
Jun 4, 2012
—
Fitzpatrick Family Trust
Fitzpatrick,william A
Affidavit Of Death
related
—
Feb 27, 2012
—
Fitzpatrick Family Trust
Fitzpatrick,marion C
Affidavit Of Death
related
—
Jul 7, 1992
$336,000
Avenue Properties Alhambra
Fitzpatrick W.&m
Grant Deed
—
Apr 6, 1981
—
Owner Name Unavailable
—
Grant Deed
related
—
Dec 19, 1979
—
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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