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Property profile & analytics
FOR SALE
Apartment buildings
736 Madison Ave Redwood City, CA 94061
Trust Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0716616
For Sale
1 / 15
$3,300,000
736 Madison Ave, Redwood City, CA 94061
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
8,404 SF
Lot
0.24 ac (10,379 SF)
APN
053-021-220
UPID
US09-0716616
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
-
Bonsai Garden Experts Landscaping General Contractor
-
Bonsai Garden Experts Inc Landscaping Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$1.76M
Owner & transaction history
Debono Ralph & Debra Trust · 14 yrs held
Debono Ralph & Debra Trust
since 2012
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 Redwood City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Redwood City 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,755,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±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
$209 / 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
$20,484
Tax year 2024
Assessed value
$1,841,311
Assessed 2024
Previous assessed
$1,841,311
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,250,322
Assessed improvement
$590,989
Applied tax rate
9.0000
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
For Sale
Year built
1964
Heating
CENTRAL
Stories
2
Units
6
Rooms
25
Bathrooms
19
Total area
8,404 SF
Lot
0.24 ac (10,379 SF)
APN
053-021-220
UPID
US09-0716616
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
WAREHOUSE, STORAGE
Est. value
$2.8M
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
CENTRAL
Stories
2
Units
6
Rooms
25
Bathrooms
19
Lot
0.24 ac
Current owner
From public records · entity-resolved
Debono Ralph & Debra Trust
Trust
Mailing address
20 REDWOOD DR, HILLSBOROUGH, CA 94010-6924
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2020
—
Ralph S Debono
—
Deed
related
$1,500,000 · First Republic Bank
Mar 23, 2012
—
Debono Ralph & Debra Trust
Debono Ralph S & Debra L
Quit Claim Deed
related
$750,000 · First Republic Bank
Oct 22, 2009
$1,455,000
Debono Ralph & Debra Trust
Grimes Family Trust
Grant Deed
$750,000 · First Republic Bank
Jul 11, 2002
—
Grimes Trust
Grimes,edward H & Lois
Quit Claim Deed
related
—
Mar 29, 1996
$650,000
Grimes,edward H & Lois M
Hayes,ruth F
Trustees Deed
$427,500 · Home Savings Of America
Mar 29, 1996
—
Edward H Grimes
Grimes,edward H & Lois M
Quit Claim Deed
related
—
Mar 30, 1993
—
Rehbock,trust
Rehbock,alan&glo
Quit Claim Deed
related
—
Feb 2, 1993
—
Rehbock,trust
Rehbock,alan & G
Quit Claim Deed
related
—
—
—
Alan Rehbock
—
Deed Of Trust
related
$340,000 · Glendale Federal 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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