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Property profile & analytics
OFF-MARKET
Estimated value
$31,650,000
Apartment buildings
601 Almarida Dr Campbell, CA 95008-0236
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3030493
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
148,194 SF
Lot
6.49 ac (282,827 SF)
Zoning code
R-3
APN
279-30-043
UPID
US09-3030493
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
-
The Franciscan Apartment Complex Apartment Building
-
Rfid Network Factory Production Facility
-
Lisa Whalen Photography Photography Service (Bike/Boat/Book/etc) Store
-
Cold Water Dive Vocational School Training Center
-
Boardmate Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$43.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.65M
Owner & transaction history
Raintree Campbell LLC · 8 yrs held
Raintree Campbell LLC
since 2017
6 recorded transactions
Zoning & alternative use
R-3 · Campbell, CA
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 Campbell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Campbell 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$46,950,000
6.5%
$43,335,000
7%
$40,240,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$52,680,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$31.65M
Range $28.49M – $34.82M · ±10%
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
$214 / 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
$1,003,997
Tax year 2024
Assessed value
$74,652,477
Assessed 2024
Previous assessed
$74,652,477
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$43,505,242
Assessed improvement
$31,147,235
Applied tax rate
10.0000
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
1971
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
180
Total area
148,194 SF
Lot
6.49 ac (282,827 SF)
Zoning code
R-3
APN
279-30-043
UPID
US09-3030493
Jurisdiction
SANTA CLARA
Zoning & alternative use
R-3 · Campbell, CA
Zoning R-3 · permitted uses
R-3 · Campbell, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Campbell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$52.7M
WAREHOUSE, STORAGE
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
1971
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
180
Lot
6.49 ac
Current owner
From public records · entity-resolved
Raintree Campbell LLC
Entity
Mailing address
34052 LA PLZ STE #201, DANA POINT, CA 92629-2572
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2020
—
Raintree Campbell LLC
—
Deed
related
$45,300,000 · Pnc Bank NA
Sep 13, 2017
$66,700,000
Raintree Campbell LLC
Medio Associates IV LLC
Grant Deed
$47,500,000 · Wells Fargo Bank NA
Aug 9, 2011
$1,450,000
Del Medio Associates IV LLC
Eisler Ronald L
Grant Deed
—
Jun 23, 2011
—
Del Medio Associates IV LLC
Del Medio Associates IV
Quit Claim Deed
—
Sep 10, 2008
—
Del Medio Associates IV LLC
Sandell Living Trust
Grant Deed
—
—
—
Del Medio Associ
—
Deed Of Trust
related
$7,650,000 · Citicorp Savings & Loan
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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