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Property profile & analytics
OFF-MARKET
Estimated value
$2,390,000
Investment properties
404 2nd St Davis, CA 95616-4617
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-0505028
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1978
Total area
8,440 SF
Lot
0.78 ac (33,976 SF)
Zoning code
M-U
APN
070-233-004-000
UPID
US09-0505028
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
-
Guild Mortgage Company Loan Service Bank
-
Guild Mortgage - John Foderaro Loan Service Bank
-
Guild Mortgage - Lori Sinor Consultant Mortgage Lender
-
Sinor Mengali Group at Guild Mortgage Loan Service Bank
-
Scott McLallen Consultant Mortgage Lender
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$2.39M
Owner & transaction history
Edward And Nancy Smith Family LP · 4 yrs held
Edward And Nancy Smith Family LP
since 2021
5 recorded transactions
Zoning & alternative use
M-U · Davis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.9M
+4.8%
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 Davis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davis 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
COMMERCIAL (GENERAL)
$3,690,000
Current use
OFFICE BUILDING
$3,870,000
Change: +5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,000,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$2.39M
Range $2.15M – $2.63M · ±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
$283 / 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
$37,877
Tax year 2023
Assessed value
$3,424,118
Assessed 2023
Previous assessed
$3,424,118
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$979,443
Assessed improvement
$2,444,675
Applied tax rate
1.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1978
Heating
NONE
Buildings
3
Total area
8,440 SF
Lot
0.78 ac (33,976 SF)
Zoning code
M-U
APN
070-233-004-000
UPID
US09-0505028
Jurisdiction
YOLO
Zoning & alternative use
M-U · Davis, CA
Zoning M-U · permitted uses
M-U · Davis, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1978
Heating
NONE
Buildings
3
Lot
0.78 ac
Current owner
From public records · entity-resolved
Edward And Nancy Smith Family LP
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1329, SONOMA, CA 95476-1329
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
—
Edward And Nancy Smith Family LP
Edward P Smith
Intrafamily Transfer
related
—
Dec 28, 2006
—
Smith E P & N M 2006 Trust
Smith,edward P & Nancy M
Quit Claim Deed
related
—
Jul 18, 2006
—
Edward P Smith
Smith,edward P
Quit Claim Deed
related
—
Sep 29, 1999
—
Edward P Smith
Smith Trust
Quit Claim Deed
related
—
May 20, 1999
—
Smith Trust
Alamo West
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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