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Property profile & analytics
OFF-MARKET
Estimated value
$107,940,000
Apartment buildings
395 Vallejo Dr Millbrae, CA 94030-2800
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-4394832
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.25 ac (10,739 SF)
APN
024-221-100
UPID
US09-4394832
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$107.94M
Owner & transaction history
Pur Skyline Mmc II LLC · 5 yrs held
Pur Skyline Mmc II LLC
since 2020
Last sale
$108.0M
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 Millbrae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbrae 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
$107,820,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$107.94M
Range $97.15M – $118.73M · ±10% · vs last sale $108.00M (Sep 4 2020)
Last sale anchor
$108.00M
Sep 4 2020
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
—
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
$66,883
Tax year 2024
Assessed value
$3,038,619
Assessed 2024
Previous assessed
$3,038,619
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$3,038,619
Applied tax rate
14.0000
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
Heating
NONE
Lot
0.25 ac (10,739 SF)
APN
024-221-100
UPID
US09-4394832
Jurisdiction
SAN MATEO
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
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Pur Skyline Mmc II LLC
Entity
Free & Clear · 5 yrs held
Mailing address
777 CALIFORNIA AVE, PALO ALTO, CA 94304-1179
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2020
—
Pur Skyline Mmc II LLC
Pur Skyline Am LLC
Quit Claim Deed
—
Jul 31, 2020
—
Pur Skyline Am LLC
Pur Skyline Mmc II LLC
Quit Claim Deed
$70,000,000 · Miscellaneous Ins Co
May 1, 2020
$108,000,000
Pur Skyline Mmc II LLC
Eqr-skyline Terrace LP
Grant Deed
$70,000 · Miscellaneous Ins Co
Oct 28, 2010
$53,000,000
Eqr-skyline Terrace LP
Stellar Skyline LLC
Grant Deed
—
Oct 22, 2007
$55,750,000
Stellar Skyline LLC
Pringle Skyline LLC
Grant Deed
$53,000,000 · Ubs Real Estate Securities INC
Jul 24, 2007
—
Maicam Skyline LLC
Maicam Construction
Quit Claim Deed
—
Mar 22, 2007
—
Srp Annex LLC
Pringle,scott R
Grant Deed
—
Apr 24, 2003
—
Skyline Annex LP
Pringle,douglas H
Grant Deed
$2,100,000 · Green Park Financial LP
Jul 13, 1988
—
Douglas& Pringle
Bayview Condomin
Quit Claim Deed
related
—
—
—
Douglas Pringle
—
Deed Of Trust
related
$2,800,000 · Mortgage & Realty Trust
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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