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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Apartment buildings
440 Richmond Dr Millbrae, CA 94030-1644
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1594043
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Total area
6,831 SF
Lot
0.15 ac (6,562 SF)
APN
021-432-110
UPID
US09-1594043
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
$3.02M
CAP Approach
CAP
$2.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.02M
Owner & transaction history
Osama Habash · 2 yrs held
Osama Habash
since 2024
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+104.3%
Office building
$4.4M
+93.8%
Neighborhood: shopping center
$3.7M
+63.1%
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 Millbrae submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbrae 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
$3,020,000
ML approach
$3,020,000
CAP Approach
CAP Return
Estimation
6%
$3,100,000
6.5%
$2,860,000
7%
$2,655,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,260,000
Current use
RESTAURANT
$4,620,000
Change: +104% · Conversion: Difficult
OFFICE BUILDING
$4,380,000
Change: +94% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,685,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$3,475,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,155,000
Change: +40% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,105,000
Change: +37% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,615,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$3.02M
Range $2.72M – $3.32M · ±10% · vs last sale $3.02M (May 20 2024)
Last sale anchor
$3.02M
May 20 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
$442 / 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
$13,015
Tax year 2024
Assessed value
$356,197
Assessed 2024
Previous assessed
$356,197
+0.0% YoY
Effective rate
3.65%
On assessed value
Assessed land
$86,503
Assessed improvement
$269,694
Applied tax rate
14.0000
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
1969
Heating
NONE
Stories
2
Units
7
Rooms
24
Bathrooms
6
Total area
6,831 SF
Lot
0.15 ac (6,562 SF)
APN
021-432-110
UPID
US09-1594043
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
$2.3M
RESTAURANT
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RETAIL STORES
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
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
1969
Heating
NONE
Stories
2
Units
7
Rooms
24
Bathrooms
6
Lot
0.15 ac
Current owner
From public records · entity-resolved
Osama Habash
Individual
Mailing address
751 TIOGA DR, MILLBRAE, CA 94030-1549
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
—
Osama Habash
—
Deed
related
$1,100,000 · Jpmorgan Chase Bank NA
May 20, 2024
$3,020,000
Osama Habash
Gregory P Zlatunich
Grant Deed
$2,100,000 · Herzer Financial Mortgage Fund
Feb 11, 2019
—
Zlatunich,t & P M 1997 Trust
Zlatunich T & P M 1997 Trust
Quit Claim Deed
related
—
May 7, 1997
—
Thomas Zlatunich Trustee
Slatunich,thomas & Patricia M
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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