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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Apartment buildings
5533 Madison Ave Richmond, CA 94804-4867
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3030701
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1981
Total area
6,101 SF
Lot
0.22 ac (9,430 SF)
APN
509-180-024-2
UPID
US10-3030701
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
$1.72M
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.72M
Owner & transaction history
Saiid Kahangi · 2 yrs held
Saiid Kahangi
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+86.8%
Medical building
$2.2M
+55.1%
Commercial (general)
$1.7M
+20.8%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$1,720,000
ML approach
$1,720,000
CAP Approach
CAP Return
Estimation
6%
$1,475,000
6.5%
$1,360,000
7%
$1,265,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,430,000
Current use
RESTAURANT
$2,670,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$2,215,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,725,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,575,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$1,510,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.72M (Feb 12 2024)
Last sale anchor
$1.72M
Feb 12 2024
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
$282 / 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
$33,722
Tax year 2024
Assessed value
$1,789,488
Assessed 2024
Previous assessed
$1,789,488
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$832,320
Assessed improvement
$957,168
Applied tax rate
8.0000
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
1
Units
7
Rooms
7
Total area
6,101 SF
Lot
0.22 ac (9,430 SF)
APN
509-180-024-2
UPID
US10-3030701
Jurisdiction
CONTRA COSTA
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
$1.4M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1981
Heating
NONE
Stories
1
Units
7
Rooms
7
Lot
0.22 ac
Current owner
From public records · entity-resolved
Saiid Kahangi
Individual
Mailing address
43 CLIFTON CT, WALNUT CREEK, CA 94595-1701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Feb 12, 2024
—
Saiid Kahangi
Saiid Kahangi
Intrafamily Transfer
related
—
May 6, 2022
$1,720,000
Ali R Kashani
Richard N Green
Grant Deed
$1,032,000 · Columbia State Bank
May 6, 2022
—
Salid Kahangi
Gtta B Kahangi
Intrafamily Transfer
related
—
Oct 30, 2014
$1,050,000
Richard M Green
Burns Family 1996 Trust
Grant Deed
—
Oct 30, 2014
—
Richard M Green
Green,audrey R
Quit Claim Deed
related
—
Apr 30, 2004
$900,000
Burns,tr
Adao,antonio M Tr
Grant Deed
$500,000 · Antonio M & Deolinda M Adao Tt
Mar 11, 2003
—
Adao,tr
Adao,antonio M & Deolinda M
Quit Claim Deed
related
—
Dec 10, 1993
—
Maria Fisher
Fisher,b.&m.
Quit Claim Deed
related
—
Jan 23, 1981
$30,000
Peter J Pugliesi
Olivero,marie R
Grant Deed
—
—
—
Burns Family 1996 Trust
—
Deed Of Trust
related
$250,000 · Mechanics Bank
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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