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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Apartment buildings
501 3rd St, King City, CA 93930-2851
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-0495000
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
WOOD
Total area
3,350 SF
Lot
0.21 ac (9,291 SF)
APN
026-186-006-000
UPID
US09-0495000
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
$780k
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$820k
Blend (final)
Blend
$745k
Owner & transaction history
Robert C Mackin · 4 yrs held
Robert C Mackin
since 2021
Last sale
$700,000
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 King City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs King 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
$725,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $700k (Oct 1 2021)
Last sale anchor
$700k
Oct 1 2021
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
$222 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,186
Tax year 2023
Assessed value
$504,816
Assessed 2023
Previous assessed
$504,816
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$154,270
Assessed improvement
$350,546
Applied tax rate
2.0000
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
1991
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
6
Rooms
25
Bathrooms
6
Total area
3,350 SF
Lot
0.21 ac (9,291 SF)
APN
026-186-006-000
UPID
US09-0495000
Jurisdiction
MONTEREY
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
1991
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
6
Rooms
25
Bathrooms
6
Lot
0.21 ac
Current owner
From public records · entity-resolved
Robert C Mackin
Individual
Free & Clear · 4 yrs held
Mailing address
45251 RELIZ CYN RD, GREENFIELD, CA 93927-9776
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
—
Robert C Mackin
Robert C Mackin
Intrafamily Transfer
related
—
May 30, 2014
$700,000
Tidwell 2005 Trust
Pekema 2005 Trust
Grant Deed
$700,000 · Pakema 2005 Trust (rt)
Mar 2, 2005
—
Tidwell 2005 Trust
Tidwell,michael L & Lori C
Quit Claim Deed
related
—
Feb 2, 2005
—
Pekema 2005 Trust
Pekema,john W & Barbara C
Quit Claim Deed
related
—
Aug 3, 2001
$330,000
Washington Mutual Fsb
Thorp Trust
Grant Deed
related
$247,500 · Washington Mutual Fsb
Sep 20, 1995
—
Thorp Trust
Thorp,robert J & Frances M
Quit Claim Deed
related
—
Jan 5, 1994
$355,000
Robert J Thorp
Maggini Trust
Grant Deed
$207,000 · Seller
Mar 25, 1991
$90,000
Maggini John J
Gameco,video
Grant Deed
—
—
—
Maggini John J
—
Deed Of Trust
related
$195,000 · Pacific Coast Fe
—
—
Thorp Trust
—
Deed Of Trust
related
$175,000 · Passek Trust
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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