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Property profile & analytics
OFF-MARKET
Estimated value
$5,915,000
Apartment buildings
6615 Schmidt Ln El Cerrito, CA 94530-2666
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1786306
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Total area
22,941 SF
Lot
0.63 ac (27,500 SF)
APN
503-040-026-0
UPID
US09-1786306
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
$5.98M
CAP Approach
CAP
$5.12M
Comparable Approach
Comparable
$7.94M
Blend (final)
Blend
$5.92M
Owner & transaction history
6615 Schmidt LLC · 4 yrs held
6615 Schmidt LLC
since 2022
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.3M
+34.3%
Commercial (general)
$6.5M
+4.6%
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 El Cerrito submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cerrito 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
$6,075,000
ML approach
$5,980,000
CAP Approach
CAP Return
Estimation
6%
$5,540,000
6.5%
$5,115,000
7%
$4,750,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,205,000
Current use
MEDICAL BUILDING
$8,330,000
Change: +34% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,485,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,925,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$5,675,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$5.92M
Range $5.32M – $6.51M · ±10% · vs last sale $5.80M (Mar 21 2022)
Last sale anchor
$5.80M
Mar 21 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
$258 / 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
$102,164
Tax year 2024
Assessed value
$6,826,394
Assessed 2024
Previous assessed
$6,826,394
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$2,321,169
Assessed improvement
$4,505,225
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
1973
Heating
NONE
Buildings
6
Stories
1
Units
26
Rooms
24
Total area
22,941 SF
Lot
0.63 ac (27,500 SF)
APN
503-040-026-0
UPID
US09-1786306
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, 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
$6.2M
MEDICAL BUILDING
Est. value
$8.3M
COMMERCIAL (GENERAL)
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1973
Heating
NONE
Stories
1
Buildings
6
Units
26
Rooms
24
Lot
0.63 ac
Current owner
From public records · entity-resolved
6615 Schmidt LLC
Entity
Mailing address
2709 DWIGHT WAY APT #1, BERKELEY, CA 94704-3133
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
—
6615 Schmidt LLC
6615 Schmidt LLC
Intrafamily Transfer
related
$6,980,000 · Cbre Capital Markets INC
Apr 24, 2018
—
6615 Schmidt LLC
—
Deed
related
$4,900,000 · Jpmorgan Chase Bank NA
Dec 18, 2015
$5,800,000
6615 Schmidt LLC
Joseph F Conwill
Grant Deed
$2,750,000 · Jpmorgan Chase Bank NA
Dec 18, 2015
—
Gerald L Mascaro
Mascaro,anthony G & Anna A
Affidavit Of Death
related
—
Feb 6, 2014
—
Conwill,joseph & Marsha Trust
Conwill,joseph F & Marsha G
Quit Claim Deed
related
—
Nov 30, 2005
—
Piziali Robert L Trust
Piziali Family Trust
Quit Claim Deed
related
—
Dec 2, 1976
—
Owner Name Unavailable
—
Grant Deed
related
—
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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