Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Apartment buildings
5 Nimitz Ave Redwood City, CA 94061-3577
Trust Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0061200
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
7,410 SF
Lot
0.21 ac (9,012 SF)
APN
059-251-310
UPID
US09-0061200
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
by Request
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$1.68M
Owner & transaction history
Richardson,j & P Trust · 6 yrs held
Richardson,j & P Trust
since 2019
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,685,000
Current use
WAREHOUSE, STORAGE
$2,430,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±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
$227 / 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
$29,048
Tax year 2024
Assessed value
$1,922,580
Assessed 2024
Previous assessed
$1,922,580
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$964,639
Assessed improvement
$957,941
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
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
1960
Heating
NONE
Stories
2
Units
7
Rooms
26
Bathrooms
7
Total area
7,410 SF
Lot
0.21 ac (9,012 SF)
APN
059-251-310
UPID
US09-0061200
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
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS) Current
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
1960
Heating
NONE
Stories
2
Units
7
Rooms
26
Bathrooms
7
Lot
0.21 ac
Current owner
From public records · entity-resolved
Richardson,j & P Trust
Trust
Mailing address
808 PIEDMONT WAY, REDWOOD CITY, CA 94062-3124
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2019
—
Richardson,j & P Trust
Jeffrey M Richardson
Quit Claim Deed
related
—
Oct 21, 2019
—
Jeffrey M Richardson
—
Deed
related
$200,000 · Richardson W R & 1989 Tr (lt)
Oct 11, 2019
—
Richardson,w 1989 Living Trust
Willis R Richardson
Affidavit Of Death
related
$679,000 · Us Bk Tr
Mar 2, 2016
—
Daines 2015 Trust
Richardson-daines,jeri J
Quit Claim Deed
related
—
Dec 24, 2015
—
Daines 2015 Trust
Richardson,jeri J
Quit Claim Deed
—
May 7, 2013
—
Jeri J Richardson Daines
Jeri J Richardson Daines
Intrafamily Transfer
related
$775,000 · Jpmorgan Chase Bank NA
Dec 30, 2005
$1,450,000
Jeffrey M Richardson
Rod Alavi
Grant Deed
$875,000 · Luther Burbank Savings
Jun 25, 2004
$1,305,000
Rod Alavi
Akellis,tr
Grant Deed
$840,000 · California Savings Bank
Mar 31, 1992
$570,000
Anthony Ake
Croaro Frank & C
Grant Deed
$370,000 · World Savings & Loan
Jul 12, 1989
$665,000
Frank Croaro
Fausone,v.&s.
Grant Deed
$430,000 · Glendale Federal Bank
—
—
Jeffrey M Richardson
—
Deed Of Trust
related
$100,000 · Richardson W R & E L 1989 Tr
—
—
Jeffrey M Richardson
—
Deed Of Trust
related
$100,000 · Gordon P Gadow
—
—
Jeffrey M Richardson
—
Deed Of Trust
related
$200,000 · Richardson W R & E L Trust
—
—
Jeffrey M Richardson
—
Deed Of Trust
related
$200,000 · Richardson W R & 1989 Tr (lt)
—
—
Daines 2015 Trust
—
Deed Of Trust
related
$679,000 · Us Bk Tr
—
—
Frank Croaro
—
Deed Of Trust
related
$70,000 · Individual
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5 Nimitz Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
