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Property profile & analytics
OFF-MARKET
Estimated value
$34,600,000
Manufacturing properties
4650 Norris Cyn Rd San Ramon, CA 94583-1320
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-1808291
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Total area
96,882 SF
Lot
5.82 ac (253,519 SF)
Zoning code
CM
APN
213-131-009-2
UPID
US10-1808291
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
-
Armstrong Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$34.60M
CAP Approach
CAP
$22.12M
Comparable Approach
Comparable
$27.14M
Blend (final)
Blend
$34.60M
Owner & transaction history
Orion Ncr San Ramon Ca LLC · 1 yrs held
Orion Ncr San Ramon Ca LLC
since 2024
Last sale
$34.6M
7 recorded transactions
Zoning & alternative use
CM · San Ramon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$42.4M
+146.7%
Medical building
$35.2M
+104.9%
Commercial (general)
$33.7M
+96.4%
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 Ramon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Ramon 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
$34,600,000
ML approach
$34,600,000
CAP Approach
CAP Return
Estimation
6%
$23,965,000
6.5%
$22,120,000
7%
$20,540,000
Alternative Use
Use
Estimation
RESTAURANT
$42,365,000
Change: +147% · Conversion: Difficult
MEDICAL BUILDING
$35,190,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$33,720,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$33,305,000
Change: +94% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$26,450,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,685,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$34.60M
Range $31.14M – $38.06M · ±10% · vs last sale $34.60M (Sep 13 2024)
Last sale anchor
$34.60M
Sep 13 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
$357 / 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
$457,189
Tax year 2024
Assessed value
$40,503,459
Assessed 2024
Previous assessed
$40,503,459
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$27,122,423
Assessed improvement
$13,381,036
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
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Total area
96,882 SF
Lot
5.82 ac (253,519 SF)
Zoning code
CM
APN
213-131-009-2
UPID
US10-1808291
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
CM · San Ramon, CA
Zoning CM · permitted uses
CM · San Ramon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Ramon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$42.4M
MEDICAL BUILDING
Est. value
$35.2M
COMMERCIAL (GENERAL)
Est. value
$33.7M
OFFICE BUILDING
Est. value
$33.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.5M
AUTO REPAIR, GARAGE
Est. value
$25.7M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1984
Heating
NONE
Stories
1
Lot
5.82 ac
Current owner
From public records · entity-resolved
Orion Ncr San Ramon Ca LLC
Entity
Mailing address
580 PO BOX 460069TH ST FL #12, HOUSTON, TX 77056-8069
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
—
Orion Ncr San Ramon Ca LLC
—
Deed
related
$18,000,000 · Rga Americas Investments LLC
Sep 13, 2024
$34,600,000
Orion Ncr San Ramon Ca LLC
Norris Canyon Property Corp
Grant Deed
—
May 10, 2019
$37,250,000
Norris Canyon Property Corp
Mncvad Cp Norris Canyon LLC
Grant Deed
$22,509,000 · Compass Bank
Jun 29, 2018
—
Mncvad-cp Norris Canyon LLC
—
Grant Deed
related
$34,000,000 · East West Bk
Dec 30, 2013
$8,050,000
Mncvad-cp Norris Canyon LLC
Vif Of Zks Norris Tech Center LLC
Grant Deed
—
Dec 23, 2013
$8,050,000
Mncvad-cp Norris Canyon LLC
Vif Of Zks Norris Tech Center LLC
Grant Deed
—
Dec 22, 2010
—
Vif Of Zks Norris Tech Center LLC
—
Deed Of Trust
related
$17,579,500 · Prudential Ind'l Props LLC
Sep 28, 2005
—
Vif Of Zks Norris Tech Center LLC
Ca-4600 Norris Tech
Grant Deed
$27,000,000 · Prudential Insurance Co
Sep 5, 1996
—
4600 Ncr Associates LLC
Calprop Corp
Grant Deed
related
—
Jan 4, 1995
—
Calprop LP
Pactel Properties-california
Trustees Deed
related
—
—
—
Mncvad-cp Norris Canyon LLC
—
Deed Of Trust
related
$16,340,000 · A10 Capital LLC
—
—
Calprop LP
—
Deed Of Trust
related
$77,000 · Salomon Brothers Realty Corp
—
—
4600 Ncr Associates LLC
—
Deed Of Trust
related
$5,400,000 · Bank Of The West
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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