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Property profile & analytics
OFF-MARKET
Estimated value
$3,700,000
Apartment buildings
631 Masonic Way, Belmont, CA 94002-2774
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0835013
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
10,072 SF
Lot
0.23 ac (9,940 SF)
APN
040-313-200
UPID
US09-0835013
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
$3.72M
CAP Approach
CAP
$4.22M
Comparable Approach
Comparable
$4.78M
Blend (final)
Blend
$3.70M
Owner & transaction history
Eliyahu LLC · 5 yrs held
Eliyahu LLC
since 2020
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.4M
+56.0%
Retail stores
$5.1M
+47.0%
Commercial (general)
$4.7M
+33.6%
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 Belmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belmont 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
$3,695,000
ML approach
$3,715,000
CAP Approach
CAP Return
Estimation
6%
$4,570,000
6.5%
$4,215,000
7%
$3,915,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,485,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,435,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$5,120,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,655,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,575,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,855,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$3.70M
Range $3.33M – $4.07M · ±10% · vs last sale $3.70M (Jul 13 2020)
Last sale anchor
$3.70M
Jul 13 2020
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
$367 / 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
$59,092
Tax year 2024
Assessed value
$4,301,013
Assessed 2024
Previous assessed
$4,301,013
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$1,910,174
Assessed improvement
$2,390,839
Applied tax rate
3.0000
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
1964
Heating
NONE
Stories
2
Units
11
Rooms
26
Bathrooms
9
Total area
10,072 SF
Lot
0.23 ac (9,940 SF)
APN
040-313-200
UPID
US09-0835013
Jurisdiction
SAN MATEO
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
RETAIL STORES
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1964
Heating
NONE
Stories
2
Units
11
Rooms
26
Bathrooms
9
Lot
0.23 ac
Current owner
From public records · entity-resolved
Eliyahu LLC
Entity
Mailing address
1528 S EL CAMINO REAL STE #306, SAN MATEO, CA 94402-3067
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2021
—
David G Finkelstein
—
Deed
related
$2,790,000 · Avidbank
Jul 13, 2020
$3,700,000
Eliyahu LLC
Brandenburg Apartments LLC
Grant Deed
$2,790,000 · Avidbank
Oct 24, 2016
—
Brandenburg Apartments LLC
—
Deed
related
$1,100,000 · Jpmorgan Chase Bank NA
Dec 2, 2015
—
Brandenburg Apartments LLC
Brandenburg,william O
Quit Claim Deed
related
—
Oct 29, 2015
—
William O Brandenburg
Brandenburg K W & J Trust
Quit Claim Deed
related
—
Mar 19, 2009
—
Gutierrez Marital Trust
Gutierrez Trust
Quit Claim Deed
related
—
Mar 19, 2009
$1,477,500
Brandenburg K W & J L Trust
Gutierrez Trust
Grant Deed
$500,000 · East West 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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