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Property profile & analytics
OFF-MARKET
Estimated value
$8,870,000
Apartment buildings
435 Walnut St San Carlos, CA 94070-2365
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0166023
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1953
Total area
13,826 SF
Lot
0.36 ac (15,500 SF)
APN
050-071-130
UPID
US09-0166023
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
-
Walnut Street Apartment Building
-
SMI Demolition Company Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.22M
CAP Approach
CAP
$5.79M
Comparable Approach
Comparable
$8.70M
Blend (final)
Blend
$8.87M
Owner & transaction history
435 Walnut Street LLC · 6 yrs held
435 Walnut Street LLC
since 2020
Last sale
$9.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.2M
+62.7%
Restaurant
$9.4M
+48.5%
Office building
$8.9M
+40.9%
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 San Carlos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Carlos 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
$9,135,000
ML approach
$8,220,000
CAP Approach
CAP Return
Estimation
6%
$6,270,000
6.5%
$5,790,000
7%
$5,375,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,295,000
Current use
RETAIL STORES
$10,235,000
Change: +63% · Conversion: Difficult
RESTAURANT
$9,350,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$8,870,000
Change: +41% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,460,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,390,000
Change: +2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,280,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$8.87M
Range $7.98M – $9.76M · ±10% · vs last sale $9.15M (May 14 2020)
Last sale anchor
$9.15M
May 14 2020
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
$642 / 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
$142,745
Tax year 2024
Assessed value
$10,619,356
Assessed 2024
Previous assessed
$10,619,356
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$2,437,227
Assessed improvement
$8,182,129
Applied tax rate
11.0000
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
1953
Heating
NONE
Stories
2
Units
18
Rooms
68
Bathrooms
20
Total area
13,826 SF
Lot
0.36 ac (15,500 SF)
APN
050-071-130
UPID
US09-0166023
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, 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
$6.3M
RETAIL STORES
Est. value
$10.2M
RESTAURANT
Est. value
$9.4M
OFFICE BUILDING
Est. value
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1953
Heating
NONE
Stories
2
Units
18
Rooms
68
Bathrooms
20
Lot
0.36 ac
Current owner
From public records · entity-resolved
435 Walnut Street LLC
Entity
Mailing address
35 GREVILLEA CT, HILLSBOROUGH, CA 94010-6213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2020
—
435 Walnut Street LLC
Cd Investors LLC
Quit Claim Deed
—
Apr 7, 2016
$9,150,000
Cd Investors LLC
Windy Hill Pv Four LLC
Grant Deed
$5,750,000 · First Republic Bank
Apr 5, 2011
—
Windy Hill Pv Four LLC
Mfr LLC
Grant Deed
$2,100,000 · First Republic Bank
Jan 16, 2007
$1,250,000
Mfr LLC
Lynn Adele Amerian
Grant Deed
$485,000 · Wells Fargo Bank NA
Jun 13, 2006
—
Maroot Family Ptshp
Maroot,k Phillip
Quit Claim Deed
—
Jun 8, 2006
—
K Phillip Maroot
Maroot John Trust
Quit Claim Deed
related
—
Oct 11, 2000
—
Lynn A Amerian
Medzian Trust
Grant Deed
related
—
Apr 14, 2000
—
Lynn A Amerian
Edward S Medzian Trustee
Grant Deed
related
—
May 6, 1994
—
Vivian K Medzian Trustee
Medzian,vivian K
Quit Claim Deed
related
—
Feb 16, 1993
—
Janice Maroot
Maroot,eunice Et
Quit Claim 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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