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Property profile & analytics
OFF-MARKET
Estimated value
$3,805,000
Apartment buildings
401 Stannage Ave Albany, CA 94706-1265
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US09-9367124
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
18,630 SF
Lot
0.23 ac (10,038 SF)
APN
67-2829-17-1
UPID
US09-9367124
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
$3.81M
Owner & transaction history
Fire-in-the-hole LLC · 17 yrs held
Fire-in-the-hole LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.0M
+0.7%
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,955,000
Current use
AUTO REPAIR, GARAGE
$6,000,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$3.81M
Range $3.42M – $4.19M · ±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
$204 / 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
$101,716
Tax year 2023
Assessed value
$5,419,359
Assessed 2024
Previous assessed
$5,313,112
+2.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$1,625,757
Assessed improvement
$3,793,602
Applied tax rate
22.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
18
Bathrooms
32
Total area
18,630 SF
Lot
0.23 ac (10,038 SF)
APN
67-2829-17-1
UPID
US09-9367124
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
$6.0M
AUTO REPAIR, GARAGE
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1974
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
18
Bathrooms
32
Lot
0.23 ac
Current owner
From public records · entity-resolved
Fire-in-the-hole LLC
Entity
Mailing address
6001 SHELLMOUND ST STE #825, EMERYVILLE, CA 94608-1962
Ownership since
2008
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
Nov 6, 2018
—
Fire In The Hole LLC
—
Deed
related
$2,150,000 · Jpmorgan Chase Bank NA
Dec 24, 2008
$4,300,000
Fire-in-the-hole LLC
Mcnabb Marjorie L Trust
Grant Deed
—
Mar 12, 2002
—
Mcnabb Trust
Mcnabb,marjorie L
Quit Claim Deed
related
—
Feb 2, 1999
$1,834,000
Marjorie L Mcnabb
Ascot Moraga Associates
Grant Deed
$1,300,000 · Financial Institutional Ptnrs
Oct 31, 1994
—
Ta-chung Wang
Wang,ann M
Quit Claim Deed
related
—
Oct 31, 1994
$800,000
Ascot Moraga Associates
Chao,chi Y
Trustees Deed
$1,200,000 · Home Savings Of America
Dec 2, 1988
$1,650,000
Wang Shih
The Stannage Ave
Grant Deed
$1,025,000 · Coast Federal Bank
—
—
Fire In The Hole LLC
—
Deed Of Trust
related
$1,810,000 · Jp Morgan Chase Bank NA
—
—
Hole LLC
—
Deed Of Trust
related
$1,900,000 · Washington Mutual Fsb
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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