Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    600 Alhambra Way Martinez, CA 94553-3960
    Back to Search
    Property profile & analytics

    600 Alhambra Way, Martinez, CA 94553-3960

    View on Map
    • Apartment buildings
    • 20,812 SF
    • 1.10 lot acres
    Off-Market
    Property ID
    US10-3070824
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,335,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 600 Alhambra Way

    Year built
    1958
    Construction
    WOOD FRAME
    Lot size
    1.10 lot acres
    Property type
    Apartment buildings
    APN
    370-270-007-5
    APU
    3702700075

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 22, 2024 — Z Grand LLC — Deed · related $17.8M · Bank Of America NA
    May 22, 2020 — Z Grand LLC — Deed · related $20M · Wells Fargo Bank NA
    Oct 29, 2013 — Z Grand LLC Z Grand LLC Grant Deed · related $2.7M · Jpmorgan Chase Bank NA
    Jun 27, 2013 $3,500,000 Z Grand LLC Molini Judi Trust Grant Deed —
    Dec 31, 2012 $38,000 Tracy Sergeant Wilson,nancy Grant Deed —
    Jan 11, 2010 $75,000 Nancy Wilson Kremer Kenneth A Trust Grant Deed —
    Jun 22, 2006 $3,350,000 Kremer Kenneth A Trust Croll Family Trust Grant Deed $2.7M · Croll Family Trust
    May 10, 2000 — Croll Trust Croll,edwin T & Tracy L Quit Claim Deed · related —
    Aug 21, 1992 $1,480,000 Edwin Croll Olympic Properti Grant Deed $1.1M · Home Savings Of America
    May 15, 1984 $1,550,000 Olympic Properties Eng,weylin G Grant Deed $875k

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,280,000
      Current use
      AUTO REPAIR, GARAGE
      $5,520,000
      Change: +5% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Martinez
    County
    Contra Costa
    State
    California
    Longitude
    -122.131
    Latitude
    37.9983
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $81,625
    $1,810,921
    $2,901,096
    $4,712,017
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,715,000
      36,956 SF

      3979 Alhambra Ave

      APARTMENT HOUSE (5+ UNITS)
      3979 Alhambra Ave, Martinez, CA 94553-3841
      View Details
    • Value Estimation
      $685,000
      3,444 SF

      111 C St, Unit 125

      APARTMENT HOUSE (5+ UNITS)
      111 C St, Martinez, CA 94553-3154
      View Details
    • Value Estimation
      $1,050,000
      4,039 SF

      704 Susana St

      APARTMENT HOUSE (5+ UNITS)
      704 Susana St, Martinez, CA 94553-1833
      View Details
    • Value Estimation by Request
      5,640 SF

      721 Mellus St

      Multifamily properties
      721 Mellus St, Martinez, CA 94553
      View Details
    • Value Estimation
      $630,000
      3,435 SF

      1631 Estudillo St

      APARTMENT HOUSE (5+ UNITS)
      1631 Estudillo St, Martinez, CA 94553-2458
      View Details
    • Value Estimation
      $690,000
      4,518 SF

      1033 Fry St

      APARTMENT HOUSE (5+ UNITS)
      1033 Fry St, Martinez, CA 94553-1654
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,468 SF

      Turn-Key Martinez Multifamily Investment

      Fully renovated apartment community with immediate cash flow potential.
      811 Brown St, Martinez, CA 94553
      View Details
    • $845,000
      1,956 SF

      Martinez Triplex with Parking Lot

      Triplex with positive cash flow and tenant parking.
      3120 Pacheco Blvd, Martinez, CA 94553
      View Details
    • $859,900
      2,400 SF

      Martinez Multi-Family Investment Opportunity

      Single family home plus duplex near Highway 680 and downtown.
      4041-4047 Ellis Rd, Martinez, CA 94553
      View Details
    • Contact for pricing
      Pending

      Martinez Triplex with Extra Lot

      Triplex in Martinez with positive cash flow and extra lot.
      3120 Pacheco Blvd, Martinez, CA 94553
      View Details
    • New
      $1,350,000
      3,360 SF

      Well-Maintained Martinez Fourplex For Sale

      Fourplex near Kaiser and VA Hospital with strong income potential.
      205 Muir Rd, Martinez, CA 94553
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,696 SF

      Martinez Flex/Industrial Space Available

      Flex/Industrial space available for lease in Martinez, California.
      837 Arnold Dr, Martinez, CA 94553
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space Available For Rent

      Retail space available for lease, approximately 4,400 square feet.
      2368 Pacheco Blvd, Martinez, CA 94553
      View Details
    • Contact for pricing
      6,700 SF

      Martinez Office Space For Rent

      6,700 SF office space available near I-680 and Hwy 4.
      1785 Arnold Dr, Martinez, CA 94553
      View Details
    • Contact for pricing

      Industrial and Office Spaces Available

      Business park with industrial and office spaces for rent.
      Arnold Dr, Martinez, CA 94553
      View Details
    • Contact for pricing
      7,850 SF

      Established Martinez Shopping Center Space

      Retail spaces available in Virginia Hills Shopping Center.
      6648-6688 Alhambra Ave, Martinez, CA 94553
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 Alhambra Way
    Martinez, CA 94553-3960
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    600 Alhambra Way, Martinez, CA, 94553
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!