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Property profile & analytics
OFF-MARKET
Commercial real estate
580 Redwood Hwy Frontage Rd, Mill Valley, CA 94941-3005
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-3198509
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Total area
2,052 SF
Lot
0.43 ac (18,620 SF)
APN
043-241-23
UPID
US10-3198509
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
580 Redwood Hwy Mill Valley LLC · 3 yrs held
580 Redwood Hwy Mill Valley LLC
since 2022
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 Mill Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mill Valley 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$25,901
Tax year 2024
Assessed value
$1,819,242
Assessed 2024
Previous assessed
$1,819,242
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$938,400
Assessed improvement
$880,842
Applied tax rate
75.0000
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
1979
Heating
NONE
Total area
2,052 SF
Lot
0.43 ac (18,620 SF)
APN
043-241-23
UPID
US10-3198509
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
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Lot
0.43 ac
Current owner
From public records · entity-resolved
580 Redwood Hwy Mill Valley LLC
Entity
Mailing address
28 PO BOX 1678TH DR, SAN LEANDRO, CA 94577-0801
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
—
584 Redwood Hwy Mill Valley LLC
—
Deed
related
$8,170,000 · Sunset Franchise Capital LLC
Apr 10, 2024
—
580 Redwood Hwy Mill Valley LLC
—
Deed
related
$5,700,000 · Standard Insurance Co
Mar 7, 2023
—
580 Redwood Hwy Mill Valley LLC
—
Deed
related
$10,000,000 · Sunset Franchise Capital LLC
Jul 22, 2022
—
580 Redwood Hwy Mill Valley LLC
Arash Salkhi
Grant Deed
—
Jul 19, 2022
$1,750,000
Arash Salkhi
Ben V Shimek
Grant Deed
$27,848,000 · First Credit Bank
Mar 1, 2022
—
Ben V Shimek
—
Deed
related
$2,100,000 · First Republic Bank
Sep 6, 2017
—
Ben V Shimek
—
Deed
related
$500,000 · First Republic Bank
Aug 5, 2013
—
Ben V Shimek
Shimek,ben
Quit Claim Deed
related
—
May 29, 1998
$2,250,000
Strawberry Partnership
C & S Oil INC
Trustees Deed
—
May 29, 1998
—
Ben Shimek
Shimek,patricia A
Quit Claim Deed
related
$2,250,000 · Franchise Mortgage Acceptance
Dec 8, 1993
$641,500
C & S Oil INC
Hope B Belloc Tr
Grant Deed
$387,000 · Wells Fargo Bank
—
—
Ben Shimek
—
Deed Of Trust
related
$2,000,000 · First Republic Bank
—
—
C & S Oil INC
—
Deed Of Trust
related
$428,000 · Redwood Oil Co INC
—
—
Ben Shimek
—
Deed Of Trust
related
$3,000,000 · Merrill Lynch Bank & Trust Co
—
—
C & S Oil INC
—
Deed Of Trust
related
$250,000 · Redwood Oil Company
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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