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Property profile & analytics
OFF-MARKET
Estimated value
$30,885,000
Apartment buildings
5157 Norma Way Livermore, CA 94550-3766
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-8402248
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Construction
WOOD
Total area
183,774 SF
Lot
15.21 ac (662,368 SF)
APN
99A-1441-50
UPID
US09-8402248
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
$40.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.89M
Owner & transaction history
Raintree Ironwood LLC · 11 yrs held
Raintree Ironwood LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$51.5M
+14.9%
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 Livermore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livermore 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%
$44,370,000
6.5%
$40,955,000
7%
$38,030,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$44,805,000
Current use
COMMERCIAL (GENERAL)
$51,460,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$30.89M
Range $27.80M – $33.97M · ±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 2023Property tax & assessments
Tax year 2023
Tax billed
$916,939
Tax year 2023
Assessed value
$65,550,369
Assessed 2024
Previous assessed
$64,272,587
+2.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$15,606,790
Assessed improvement
$49,943,579
Applied tax rate
16.0000
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
1973
Construction
WOOD
Heating
NONE
Buildings
24
Stories
2
Units
240
Bathrooms
256
Total area
183,774 SF
Lot
15.21 ac (662,368 SF)
APN
99A-1441-50
UPID
US09-8402248
Jurisdiction
ALAMEDA
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
$44.8M
COMMERCIAL (GENERAL)
Est. value
$51.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1973
Construction
WOOD
Heating
NONE
Stories
2
Buildings
24
Units
240
Bathrooms
256
Lot
15.21 ac
Current owner
From public records · entity-resolved
Raintree Ironwood LLC
Entity
Mailing address
34052 LA PLZ STE #201, DANA POINT, CA 92629-2572
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
—
Raintree Ironwood LLC
—
Deed
related
$100,000,000 · Lument Real Estate Capital LLC
Sep 29, 2017
—
Raintree Ironwood LLC
—
Deed
related
$13,633,000 · Cbre Cap Markets
Nov 3, 2014
$55,750,000
Raintree Ironwood LLC
Oak Charlotte 12-b LLC
Grant Deed
$42,368,000 · Cbre Cap Markets
Jun 29, 2010
—
Oak Charlotte 12 B LLC
Rhonewood Apartments Ltd
Grant Deed
$24,150,000 · Cbre Multifamily Capital INC
Aug 30, 1983
$7,760,000
Rhonewood Apartments Ltd
INC Pacific Del
Grant Deed
—
—
—
Oak Charlotte 12-b LLC
—
Deed Of Trust
related
$6,315,000 · Cbre Multifamily Capital INC
—
—
Rhonewood Apartments Ltd
—
Deed Of Trust
related
$17,500,000 · Connecticut General Life Ins
—
—
Raintree Ironwood LLC
—
Deed Of Trust
related
$13,633,000 · Cbre Cap Markets
—
—
Rhonewood Apartm
—
Deed Of Trust
related
$7,870,000 · Bankers Mutual
—
—
Sunset Ridge Development Co
—
Deed Of Trust
related
$8,000,000 · Connecticut General Life Ins
—
—
Rhonewood Apartments Ltd
—
Deed Of Trust
related
$21,125,000 · Pnc Arcs LLC
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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