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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Apartment buildings
412 Mellus St Martinez, CA 94553-2377
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3216168
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1929
Total area
4,440 SF
Lot
0.23 ac (10,000 SF)
APN
372-372-007-8
UPID
US10-3216168
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
$1.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Synergi Partners LLC · 9 yrs held
Synergi Partners LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+4.5%
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 Martinez submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Martinez 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%
$1,175,000
6.5%
$1,085,000
7%
$1,010,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,125,000
Current use
AUTO REPAIR, GARAGE
$1,175,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$193 / 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
$27,223
Tax year 2024
Assessed value
$1,868,490
Assessed 2024
Previous assessed
$1,868,490
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,115,517
Assessed improvement
$752,973
Applied tax rate
5.0000
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
1929
Heating
NONE
Buildings
2
Stories
1
Units
8
Rooms
8
Total area
4,440 SF
Lot
0.23 ac (10,000 SF)
APN
372-372-007-8
UPID
US10-3216168
Jurisdiction
CONTRA COSTA
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
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.2M
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
1929
Heating
NONE
Stories
1
Buildings
2
Units
8
Rooms
8
Lot
0.23 ac
Current owner
From public records · entity-resolved
Synergi Partners LLC
Entity
Mailing address
160 ALAMO PLZ UNIT #1011, ALAMO, CA 94507-4058
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
—
Synergi Partners LLC
—
Deed
related
$925,000 · First Republic Bank
Jul 3, 2017
$1,675,000
Synergi Partners LLC
William Patrick Jordan
Grant Deed
$1,000,000 · Luther Burbank Savings
Sep 12, 2008
—
Jordan William P Trust
Jordan,william P
Quit Claim Deed
related
—
Aug 13, 2008
—
Patrick William Trust
Jordan,william P
Quit Claim Deed
related
—
May 12, 2006
$700,000
William P Jordan
Jordan James F & Susan M
Grant Deed
related
$525,000 · Fremont Bank
Jul 3, 2002
—
Jordan Trust
Jordan,james F & Susan M
Quit Claim Deed
related
—
Oct 31, 2000
$540,000
James F Jordan
Jordan,michael J & Nancy L
Grant Deed
related
$340,000 · World Savings Bank
Aug 31, 1989
$370,000
Michael J Jordan
Unknown
Grant Deed
—
Aug 18, 1980
—
—
—
Grant Deed
related
—
—
—
Jordan,william P Trust
—
Deed Of Trust
related
$300,000 · Vincent D & Salvatore I Dimaggio
—
—
Jordan James F & Susan M Tr
—
Deed Of Trust
related
$50,000 · Major 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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