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Property profile & analytics
OFF-MARKET
Estimated value
$3,105,000
Apartment buildings
411 Stannage Ave Albany, CA 94706-1241
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-6913140
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
7,352 SF
Lot
0.14 ac (6,250 SF)
APN
67-2829-16
UPID
US09-6913140
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
$3.14M
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$3.11M
Owner & transaction history
Qajar LLC · 2 yrs held
Qajar LLC
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+67.3%
Restaurant
$3.7M
+57.4%
Office building
$3.6M
+50.9%
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
$3,125,000
ML approach
$3,140,000
CAP Approach
CAP Return
Estimation
6%
$2,435,000
6.5%
$2,250,000
7%
$2,090,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,350,000
Current use
MEDICAL BUILDING
$3,935,000
Change: +67% · Conversion: Moderate
RESTAURANT
$3,700,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$3,550,000
Change: +51% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,315,000
Change: +41% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,125,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$2,655,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,370,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$3.11M
Range $2.79M – $3.42M · ±10% · vs last sale $3.00M (Dec 13 2023)
Last sale anchor
$3.00M
Dec 13 2023
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
$422 / 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
$57,190
Tax year 2023
Assessed value
$2,995,000
Assessed 2024
Previous assessed
$2,948,754
+1.6% YoY
Effective rate
1.91%
On assessed value
Assessed land
$1,000,000
Assessed improvement
$1,995,000
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
1962
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
10
Rooms
30
Bathrooms
10
Total area
7,352 SF
Lot
0.14 ac (6,250 SF)
APN
67-2829-16
UPID
US09-6913140
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
$2.4M
MEDICAL BUILDING
Est. value
$3.9M
RESTAURANT
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RETAIL STORES
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1962
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
10
Rooms
30
Bathrooms
10
Lot
0.14 ac
Current owner
From public records · entity-resolved
Qajar LLC
Entity
Mailing address
1275 CAMPUS DR, BERKELEY, CA 94708-2044
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
$3,000,000
Qajar LLC
Esmht LLC
Grant Deed
—
Jul 12, 2023
—
4 Leaf Clover Investments LLC
—
Deed
related
$750,000 · Esmht LLC
Feb 15, 2019
—
Esmht LLC
—
Deed
related
$2,110,000 · Jpmorgan Chase Bank NA
Jun 8, 2018
—
Esmht LLC
—
Deed
related
$1,974,000 · 5 Arch Fndg
Mar 14, 2018
$24,463,636
Esmht LLC
Thms LLC
Grant Deed
—
Nov 20, 2013
—
Thms LLC
Esmht LLC
Quit Claim Deed
$1,280,000 · Comerica Bank
Aug 24, 2007
$2,150,000
Esmht LLC
Wong,john
Grant Deed
$1,380,000 · United Commercial Bank
Aug 2, 2004
—
Wong,tr
Wong,carol A
Quit Claim Deed
related
—
Jan 28, 1998
$154,000
John Wong
Wong,john
Grant Deed
related
$470,000 · Home Savings Of America
Jun 20, 1994
—
Carol A Wong
Wong,carol A
Quit Claim Deed
related
—
Apr 30, 1984
$455,000
Ted Etal Slingluff
—
Grant Deed
related
$331,000
—
—
Esmht LLC
—
Deed Of Trust
related
$1,974,000 · 5 Arch Fndg
—
—
John Wong
—
Deed Of Trust
related
$750,000 · 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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