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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Apartment buildings
4700 Potrero Ave Richmond, CA 94804
Individually Owned
24-yr Hold
Free & Clear
Property ID
US09-2859104
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
26,992 SF
Lot
1.07 ac (46,500 SF)
APN
509-320-005-2
UPID
US09-2859104
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
$6.02M
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$4.53M
Owner & transaction history
Cbg Richmond Ltd · 24 yrs held
Cbg Richmond Ltd
since 2001
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.0M
+10.3%
Office building
$6.7M
+5.6%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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%
$6,515,000
6.5%
$6,015,000
7%
$5,585,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,320,000
Current use
AUTO REPAIR, GARAGE
$6,970,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$6,675,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±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
$168 / 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
$34,245
Tax year 2024
Assessed value
$9,873,510
Assessed 2024
Previous assessed
$9,873,510
+0.0% YoY
Effective rate
0.35%
On assessed value
Assessed land
$4,551,316
Assessed improvement
$5,322,194
Applied tax rate
8.0000
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
1971
Heating
NONE
Stories
1
Units
32
Rooms
32
Total area
26,992 SF
Lot
1.07 ac (46,500 SF)
APN
509-320-005-2
UPID
US09-2859104
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, 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
AUTO REPAIR, GARAGE
Est. value
$7.0M
OFFICE BUILDING
Est. value
$6.7M
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
1971
Heating
NONE
Stories
1
Units
32
Rooms
32
Lot
1.07 ac
Current owner
From public records · entity-resolved
Cbg Richmond Ltd
Individual
Free & Clear · 24 yrs held
Mailing address
101 ARCH ST FL, BOSTON, MA 02110-1130
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2017
—
Dt Venture LP
—
Deed
related
$25,297,039 · Housing Fin Auth
Feb 21, 2017
—
Dt Venture LP
—
Grant Deed
related
$18,912,000 · Jones Lang Lasalle Multifamily
Jul 1, 2002
—
Cbg Richmond Ltd
—
Deed Of Trust
related
$5,228,776 · Midland Mtg Investment Trustee
Dec 14, 2001
—
Cbg Richmond Ltd
Deliverance Aapartments I Ltd
Grant Deed
related
—
Dec 31, 1984
$473,500
Deliverance Apts Ltd II
Cheyenne Corp
Grant Deed
related
—
Jan 21, 1972
—
—
—
Grant Deed
related
—
—
—
Cbg Richmond Ltd
—
Deed Of Trust
related
$4,591,944 · Midland Capital Corp
—
—
Dt Venture LP
—
Deed Of Trust
related
$25,297,039 · Housing Fin Auth
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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