Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Apartment buildings
429 Rincon Rd El Sobrante, CA 94803-1628
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3230895
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
7,254 SF
Lot
0.57 ac (24,829 SF)
Zoning code
M-17
APN
426-270-030-7
UPID
US10-3230895
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
$1.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
B & J Corey Family LLC · 7 yrs held
B & J Corey Family LLC
since 2019
7 recorded transactions
Zoning & alternative use
M-17 · El Sobrante, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+7.1%
Office building
$1.8M
+2.6%
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 El Sobrante submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Sobrante 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%
$1,750,000
6.5%
$1,615,000
7%
$1,500,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,750,000
Current use
AUTO REPAIR, GARAGE
$1,875,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$1,795,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$163 / 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
$26,896
Tax year 2024
Assessed value
$1,595,383
Assessed 2024
Previous assessed
$1,595,383
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$403,136
Assessed improvement
$1,192,247
Applied tax rate
85.0000
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
1962
Heating
NONE
Buildings
4
Stories
1
Units
7
Rooms
7
Total area
7,254 SF
Lot
0.57 ac (24,829 SF)
Zoning code
M-17
APN
426-270-030-7
UPID
US10-3230895
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
M-17 · El Sobrante, CA
Zoning M-17 · permitted uses
M-17 · El Sobrante, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Sobrante. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
Heating
NONE
Stories
1
Buildings
4
Units
7
Rooms
7
Lot
0.57 ac
Current owner
From public records · entity-resolved
B & J Corey Family LLC
Entity
Mailing address
5588 AMEND RD, EL SOBRANTE, CA 94803-2614
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2020
—
B & J Corey Family LLC
—
Deed
related
$1,500,000 · Greystone Svcng Corp
Feb 28, 2019
—
B & J Corey Family LLC
Corey,bruce D SR & Joanne E
Quit Claim Deed
related
—
Feb 14, 2019
—
Bruce D Corey SR
Corey,bruce D SR
Quit Claim Deed
related
—
Jan 18, 2019
—
Bruce D Corey SR.
Corey,bruce D SR & Joanne E
Quit Claim Deed
related
—
Jun 7, 2018
—
Bruce D Corey SR.
—
Deed
related
$1,027,000 · Fremont Bank
Mar 15, 2018
—
Corey Family Trust
Corey,bruce D SR
Quit Claim Deed
related
—
Mar 26, 2015
—
Bruce D Corey
—
Trustees Deed
related
$100,000 · Davidson P 2002 Trust (rt)
Mar 4, 2005
$865,000
Bruce D Corey SR.
The Rouse Trust Partnership
Grant Deed
—
Mar 4, 2005
—
Bruce D Corey SR.
Joanne Escalante Corey
Intrafamily Transfer
related
$525,000 · Owens Mortgage Investments Fund
Aug 14, 2003
—
Rouse,tr
Rouse,tr
Quit Claim Deed
related
—
Jun 7, 2000
$420,000
Donald C Rouse
Calton Trust
Grant Deed
—
Jun 26, 1997
—
Calton Trust
Calton Trust
Quit Claim Deed
related
—
—
—
Bruce D Corey SR.
—
Deed Of Trust
related
$550,000 · United Commercial Bank
—
—
Bruce D Corey SR.
—
Deed Of Trust
related
$762,300 · First Community Bank
—
—
Bruce D Corey SR.
—
Deed Of Trust
related
$275,000 · Helen Morgan
—
—
B & J Corey Family LLC
—
Deed Of Trust
related
$1,500,000 · Greystone Svcng Corp
—
—
Bruce D Corey SR.
—
Deed Of Trust
related
$50,000 · Thomas O & Helen Morgan
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 429 Rincon Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
