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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Apartment buildings
424 Purissima St, Half Moon Bay, CA 94019-1790
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1579559
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Total area
7,495 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CH00C2
APN
056-162-030
UPID
US09-1579559
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
$2.60M
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.60M
Owner & transaction history
Professional Peninsula Properties L · 2 yrs held
Professional Peninsula Properties L
since 2024
Last sale
$2.6M
6 recorded transactions
Zoning & alternative use
CH00C2 · Half Moon Bay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.0M
+45.9%
Retail stores
$3.8M
+37.5%
Commercial (general)
$3.5M
+25.0%
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 Half Moon Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Half Moon Bay 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
$2,600,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
$3,400,000
6.5%
$3,140,000
7%
$2,915,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,770,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,045,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$3,810,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,465,000
Change: +25% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,405,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,870,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.60M (Mar 19 2024)
Last sale anchor
$2.60M
Mar 19 2024
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
$347 / 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
$35,858
Tax year 2024
Assessed value
$2,483,320
Assessed 2024
Previous assessed
$2,483,320
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,469,328
Assessed improvement
$1,013,992
Applied tax rate
17.0000
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
1983
Heating
NONE
Stories
2
Units
3
Rooms
14
Bathrooms
6
Total area
7,495 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CH00C2
APN
056-162-030
UPID
US09-1579559
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CH00C2 · Half Moon Bay, CA
Zoning CH00C2 · permitted uses
CH00C2 · Half Moon Bay, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Half Moon Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RETAIL STORES
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1983
Heating
NONE
Stories
2
Units
3
Rooms
14
Bathrooms
6
Lot
0.23 ac
Current owner
From public records · entity-resolved
Professional Peninsula Properties L
Entity
Mailing address
424 PURISSIMA ST, HALF MOON BAY, CA 94019-1790
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2024
$2,600,000
Professional Peninsula Properties L
William Green
Grant Deed
—
Feb 3, 2023
—
James Paul Green
James Paul Green
Intrafamily Transfer
related
—
May 9, 2017
—
Mary E Oconnor
—
Deed
related
$600,000 · Lan F Huey
—
—
M. Green O'connor
—
Deed Of Trust
related
$50,000 · Pacific National Bank
—
—
James Green
—
Deed Of Trust
related
$394,000 · Bay View Federal Bank
—
—
Mary E Oconnor
—
Deed Of Trust
related
$600,000 · Lan F Huey
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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