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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Apartment buildings
491 Richmond Dr Millbrae, CA 94030-1640
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1246004
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Total area
8,684 SF
Lot
0.2 ac (8,809 SF)
APN
021-433-010
UPID
US09-1246004
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
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$368k
Blend (final)
Blend
$610k
Owner & transaction history
Jennifer Aenlle · 1 yrs held
Jennifer Aenlle
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$70 / 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
$19,366
Tax year 2024
Assessed value
$740,090
Assessed 2024
Previous assessed
$740,090
+0.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$290,326
Assessed improvement
$449,764
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
8
Rooms
32
Bathrooms
9
Total area
8,684 SF
Lot
0.2 ac (8,809 SF)
APN
021-433-010
UPID
US09-1246004
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
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Stories
2
Units
8
Rooms
32
Bathrooms
9
Lot
0.2 ac
Current owner
From public records · entity-resolved
Jennifer Aenlle
Individual
Mailing address
869 VEGA CIR, FOSTER CITY, CA 94404-2729
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2025
—
Jennifer Aenlle
Jennifer Aenlle
Deed
related
—
Sep 3, 2024
—
Jennifer Aenlle
Jennifer Aenlle
Intrafamily Transfer
related
—
Jan 24, 2024
—
Richard A Schwarting JR
Jennifer Aenlle
Affidavit Of Death Of Joint Tenant
—
May 24, 2010
—
Schwarting R A JR & P M Trust
Schwarting,richard A JR & Patricia M
Quit Claim Deed
related
—
Dec 22, 2009
—
Schwarting R A JR & P M Trust
Schwarting,richard A JR & Patricia M
Quit Claim Deed
related
—
Dec 18, 2009
$264,500
Richard A Schwarting JR
David S Adkins
Grant Deed
$261,500 · Wells Fargo Bank NA
Feb 11, 2009
—
David S Adkins
Adkins,elsie H
Affidavit Of Death
related
—
Jun 13, 2000
—
Schwarting Trust
Schwarting Trust
Quit Claim Deed
related
—
Aug 13, 1997
—
Adkins Trust
Adkins,elsie H
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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