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Property profile & analytics
OFF-MARKET
Estimated value
$2,860,000
Commercial real estate
5651 Paradise Dr, Corte Madera, CA 94925-1858
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2984858
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1961
Total area
14,420 SF
Lot
1.33 ac (57,840 SF)
APN
026-071-28
UPID
US10-2984858
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
-
Five Points Crossfit Gym & Fitness Center
-
Five Points Fitness Gym & Fitness Center
-
Jerson Fitness in Marin Gym & Fitness Center
-
360 Personal Training Marin Gym & Fitness Center
-
One Needle Acupuncture by Amanda Hanson LAc Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.86M
Owner & transaction history
Little Running Bear LLC · 4 yrs held
Little Running Bear LLC
since 2021
Last sale
$2.8M
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 Corte Madera submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corte Madera 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
$2,885,000
ML approach
$2,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,445,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$2.86M
Range $2.57M – $3.15M · ±10% · vs last sale $2.84M (Aug 31 2021)
Last sale anchor
$2.84M
Aug 31 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
$198 / 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
$56,292
Tax year 2024
Assessed value
$3,958,505
Assessed 2024
Previous assessed
$3,958,505
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$2,285,897
Assessed improvement
$1,672,608
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1961
Heating
NONE
Total area
14,420 SF
Lot
1.33 ac (57,840 SF)
APN
026-071-28
UPID
US10-2984858
Jurisdiction
MARIN
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
INDUSTRIAL (GENERAL)
Est. value
$4.4M
INDUSTRIAL (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
1961
Heating
NONE
Lot
1.33 ac
Current owner
From public records · entity-resolved
Little Running Bear LLC
Entity
Mailing address
510 UTAH ST, SAN FRANCISCO, CA 94110-1437
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
—
Little Running Bear LLC
Little Running Bear LLC
Intrafamily Transfer
related
$2,700,000 · Poppy Bank
Jun 8, 2018
—
Little Running Bear LLC
—
Deed
related
$330,000 · Heritage Bk/commerce
Apr 1, 2008
—
Little Running Bear LLC
All Gym INC
Quit Claim Deed
related
$250,000 · Circle Bank
Sep 30, 2003
$2,840,000
Little Running Bear LLC
Gold,tr
Grant Deed
$1,420,000 · Sonoma National Bank
Jun 28, 2002
—
Gourgott Trust
Charles J Gourgott Estate
Quit Claim Deed
related
—
Jul 23, 1996
—
Charles J Gourgott
Gourgott Property LP
Quit Claim Deed
related
—
Aug 14, 1995
—
Charles J Gourgott
Gourgott,john
Quit Claim Deed
related
—
Aug 16, 1991
$900,000
John Gourgott
Property Dev Asc
Grant Deed
—
—
—
Little Running Bear LLC
—
Deed Of Trust
related
$2,100,000 · Heritage Bk/commerce
—
—
Little Running Bear LLC
—
Deed Of Trust
related
$330,000 · Heritage Bk/commerce
—
—
Little Running Bear LLC
—
Deed Of Trust
related
$1,170,000 · Mortgage Capital Dev Corp
—
—
Dev Ass Property
—
Deed Of Trust
related
$30,000 · State Washington
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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