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Property profile & analytics
OFF-MARKET
Estimated value
$2,210,000
Commercial real estate
584 Redwood Hwy Frontage Rd, Mill Valley, CA 94941-3005
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-3320031
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Total area
1,800 SF
Lot
0.64 ac (27,827 SF)
APN
043-241-22
UPID
US09-3320031
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
$2.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$2.21M
Owner & transaction history
584 Redwood Hwy Mill Valley LLC · 3 yrs held
584 Redwood Hwy Mill Valley LLC
since 2022
Last sale
$2.3M
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
Method
Estimation
Statistic approach
$2,160,000
ML approach
$2,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.21M
Range $1.99M – $2.43M · ±10% · vs last sale $2.25M (Jul 22 2022)
Last sale anchor
$2.25M
Jul 22 2022
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
$1,228 / 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
$53,740
Tax year 2024
Assessed value
$2,304,225
Assessed 2024
Previous assessed
$2,304,225
+0.0% YoY
Effective rate
2.33%
On assessed value
Assessed land
$1,813,560
Assessed improvement
$490,665
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
1972
Heating
NONE
Units
1
Total area
1,800 SF
Lot
0.64 ac (27,827 SF)
APN
043-241-22
UPID
US09-3320031
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
1972
Heating
NONE
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
584 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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2024
—
584 Redwood Hwy Mill Valley Ll
—
Deed
related
$1,000,000 · First Credit Bank
Jul 10, 2024
—
584 Redwood Hwy Mill Valley LLC
—
Deed
related
$5,100,000 · First Credit Bank
Apr 10, 2024
—
584 Redwood Hwy Mill Valley LLC
—
Deed
related
$6,050,000 · Standard Insurance Co
Mar 7, 2023
—
584 Redwood Hwy Mill Valley LLC
—
Deed
related
$10,000,000 · Sunset Franchise Capital LLC
Jul 22, 2022
—
584 Redwood Hwy Mill Valley LLC
Arash Salkhi
Intrafamily Transfer
related
—
Jul 20, 2022
$2,250,000
Arash Salkhi
Ben V Shimek
Grant Deed
$27,848,000 · First Credit Bank
Sep 6, 2017
—
Ben V Shimek
—
Deed
related
$500,000 · First Republic Bank
Aug 5, 2013
$1,300,000
Ben V Shimek
Shimek,roy E
Grant Deed
related
$2,600,000 · First Republic Bank
Mar 6, 2008
—
Petroleum Sales INC
Strawberry Ptshp
Quit Claim Deed
related
—
Mar 29, 2005
—
Roy E Shimek
Shimek,patricia P
Quit Claim Deed
related
$1,000,000 · First Republic Bank
Jan 28, 2005
$1,139,592
Ben Shimek
Hippenmeyer,thomas F
Grant Deed
—
—
—
Roy E Shimek
—
Deed Of Trust
related
$2,000,000 · First Republic 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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