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Property profile & analytics
OFF-MARKET
Estimated value
$4,545,000
Apartment buildings
467 Clinton St Redwood City, CA 94062-1089
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1465036
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
10,722 SF
Lot
0.18 ac (8,007 SF)
APN
052-213-100
UPID
US09-1465036
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
$4.55M
CAP Approach
CAP
$4.49M
Comparable Approach
Comparable
$3.73M
Blend (final)
Blend
$4.55M
Owner & transaction history
Longview Ventures LLC · 2 yrs held
Longview Ventures LLC
since 2024
Last sale
$4.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.3M
+91.0%
Restaurant
$7.3M
+89.5%
Neighborhood: shopping center
$5.8M
+51.3%
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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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
$4,545,000
ML approach
$4,545,000
CAP Approach
CAP Return
Estimation
6%
$4,865,000
6.5%
$4,490,000
7%
$4,170,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,825,000
Current use
OFFICE BUILDING
$7,305,000
Change: +91% · Conversion: Moderate
RESTAURANT
$7,250,000
Change: +90% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,785,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,955,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,870,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$4,635,000
Change: +21% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,515,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.55M
Range $4.09M – $5.00M · ±10% · vs last sale $4.54M (May 15 2024)
Last sale anchor
$4.54M
May 15 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
$424 / 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
$29,344
Tax year 2024
Assessed value
$2,644,012
Assessed 2024
Previous assessed
$2,644,012
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,322,006
Assessed improvement
$1,322,006
Applied tax rate
9.0000
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
1964
Heating
NONE
Stories
3
Units
10
Rooms
34
Bathrooms
10
Total area
10,722 SF
Lot
0.18 ac (8,007 SF)
APN
052-213-100
UPID
US09-1465036
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
$3.8M
OFFICE BUILDING
Est. value
$7.3M
RESTAURANT
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1964
Heating
NONE
Stories
3
Units
10
Rooms
34
Bathrooms
10
Lot
0.18 ac
Current owner
From public records · entity-resolved
Longview Ventures LLC
Entity
Mailing address
875 LONGVIEW RD, HILLSBOROUGH, CA 94010-6954
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2024
$4,542,500
Longview Ventures LLC
Tomkat Real Estate LLC
Grant Deed
$969,000 · Citizens Bank NA
Dec 21, 2016
—
Tomkat Real Estate LLC
—
Deed
related
$3,055,000 · First Republic Bank
Aug 21, 2013
$2,200,000
Tomkat Real Estate LLC
Woody 1985 Trust
Grant Deed
$1,680,000 · First Republic Bank
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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