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Property profile & analytics
OFF-MARKET
Estimated value
$7,975,000
Apartment buildings
402 Okeefe St, East Palo Alto, CA 94303-2181
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2982297
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Total area
28,785 SF
Lot
0.49 ac (21,260 SF)
APN
063-463-250
UPID
US10-2982297
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
$7.98M
Owner & transaction history
Woodland Park Property Owner L · 10 yrs held
Woodland Park Property Owner L
since 2016
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 East Palo Alto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Palo Alto 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
AUTO REPAIR, GARAGE
$13,075,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$7.98M
Range $7.18M – $8.77M · ±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
$277 / 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
$131,851
Tax year 2024
Assessed value
$9,621,600
Assessed 2024
Previous assessed
$9,621,600
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$7,917,515
Assessed improvement
$1,704,085
Applied tax rate
21.0000
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
1963
Heating
NONE
Stories
3
Units
37
Rooms
76
Bathrooms
4
Total area
28,785 SF
Lot
0.49 ac (21,260 SF)
APN
063-463-250
UPID
US10-2982297
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$13.1M
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
1963
Heating
NONE
Stories
3
Units
37
Rooms
76
Bathrooms
4
Lot
0.49 ac
Current owner
From public records · entity-resolved
Woodland Park Property Owner L
Entity
Mailing address
965 PAGE ML RD, PALO ALTO, CA 94304-1013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jun 2, 2023
—
Woodland Park Property Owner LLC
—
Deed
related
$165,000,000 · Ocbc Bank
Feb 23, 2016
$15,001,000
Woodland Park Property Owner L
Eqr-woodland Park A LP
Grant Deed
—
Mar 4, 2010
$4,927,310
Redus Woodland LLC
First American Title Ins
Trustees Deed
related
—
Sep 19, 2006
—
402/430 Okeefe LLC
Okeefe Associates
Quit Claim Deed
—
Dec 21, 2001
—
Okeefe Associates
—
Deed Of Trust
related
$4,930,000 · Ubs Warburg Real Estate Inv
Mar 31, 1993
—
Okeefe Associates
Home Savings Of
Grant Deed
$938,000 · Home Savings Of America
Mar 25, 1992
—
Home Savings Of
Horwath Associat
Grant Deed
related
—
—
—
Okeefe Associates
—
Deed Of Trust
related
$1,165,000 · Ubs Warburg Real Estate Inv
—
—
O Keefe Associates
—
Deed Of Trust
related
$840,000 · Individual
—
—
Okeefe Associates
—
Deed Of Trust
related
$1,533,981 · Sutter Mortgage Corp
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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