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Property profile & analytics
OFF-MARKET
Estimated value
$4,580,000
Apartment buildings
500 Poplar Ave Millbrae, CA 94030-1857
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-1502385
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1981
Total area
85,120 SF
Lot
1.49 ac (65,068 SF)
Zoning code
PD0000
APN
021-420-310
UPID
US09-1502385
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
-
Free Parking Parking Lot & Garage
-
Deeksha Yoga Gym & Fitness Center
-
G B Construction Construction Company
-
Poplar Avenue Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.61M
Blend (final)
Blend
$4.58M
Owner & transaction history
500 Poplar Partners LLC · 12 yrs held
500 Poplar Partners LLC
since 2013
7 recorded transactions
Zoning & alternative use
PD0000 · Millbrae, CA
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.58M
Range $4.12M – $5.04M · ±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
$54 / 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
$134,134
Tax year 2024
Assessed value
$6,213,464
Assessed 2024
Previous assessed
$6,213,464
+0.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$686,186
Assessed improvement
$5,527,278
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
1981
Heating
NONE
Stories
4
Units
34
Rooms
16
Bathrooms
9
Total area
85,120 SF
Lot
1.49 ac (65,068 SF)
Zoning code
PD0000
APN
021-420-310
UPID
US09-1502385
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
PD0000 · Millbrae, CA
Zoning PD0000 · permitted uses
PD0000 · Millbrae, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbrae. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
4
Units
34
Rooms
16
Bathrooms
9
Lot
1.49 ac
Current owner
From public records · entity-resolved
500 Poplar Partners LLC
Entity
Mailing address
PO BOX 590593, SAN FRANCISCO, CA 94159-0593
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2013
—
500 Poplar Partners LLC
Oneill Daniel Trust
Quit Claim Deed
—
Nov 28, 2011
—
Oneill Daniel Trust
Oneill Daniel Trust
Quit Claim Deed
related
—
Oct 18, 2011
—
Oneill Daniel Trust
Poplar Apartments LLC
Grant Deed
—
Mar 7, 2003
—
Poplar Apartments LLC
Oneill,tr
Quit Claim Deed
related
—
Dec 17, 2001
—
Oneill Trust
Oneill,daniel C
Quit Claim Deed
related
—
Dec 20, 1993
—
Daniel O'neill
Oneill,l.
Quit Claim Deed
related
—
—
—
Poplar Apartments LLC
—
Deed Of Trust
related
$2,600,000 · Arcs Commercial Mortgage Co LP
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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