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Property profile & analytics
OFF-MARKET
Estimated value
$14,150,000
Apartment buildings
801 Alvarez Ave Pinole, CA 94564-2062
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2895533
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
WOOD FRAME
Total area
45,822 SF
Lot
2.17 ac (94,525 SF)
APN
401-112-026-0
UPID
US10-2895533
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
-
Ridgecrest Terrace Apartments Apartment Complex Apartment Building
-
Cowans Landscaping, Hauling & Recycling, LLC Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.42M
CAP Approach
CAP
$11.21M
Comparable Approach
Comparable
$18.23M
Blend (final)
Blend
$14.15M
Owner & transaction history
Dan Waldman · 4 yrs held
Dan Waldman
since 2021
Last sale
$15.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.0M
+60.2%
Medical building
$16.6M
+33.0%
Commercial (general)
$16.0M
+27.5%
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 Pinole submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pinole 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
$14,230,000
ML approach
$10,420,000
CAP Approach
CAP Return
Estimation
6%
$12,140,000
6.5%
$11,205,000
7%
$10,405,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,510,000
Current use
RESTAURANT
$20,040,000
Change: +60% · Conversion: Difficult
MEDICAL BUILDING
$16,645,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$15,950,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$15,755,000
Change: +26% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,150,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$11,025,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$14.15M
Range $12.74M – $15.57M · ±10% · vs last sale $15.40M (Nov 12 2021)
Last sale anchor
$15.40M
Nov 12 2021
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
$309 / 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
$251,585
Tax year 2024
Assessed value
$16,209,251
Assessed 2024
Previous assessed
$16,209,251
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$8,323,200
Assessed improvement
$7,886,051
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1965
Construction
WOOD FRAME
Heating
NONE
Buildings
4
Stories
1
Units
53
Rooms
52
Total area
45,822 SF
Lot
2.17 ac (94,525 SF)
APN
401-112-026-0
UPID
US10-2895533
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
$12.5M
RESTAURANT
Est. value
$20.0M
MEDICAL BUILDING
Est. value
$16.6M
COMMERCIAL (GENERAL)
Est. value
$16.0M
OFFICE BUILDING
Est. value
$15.8M
AUTO REPAIR, GARAGE
Est. value
$12.2M
RETAIL STORES
Est. value
$11.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1965
Construction
WOOD FRAME
Heating
NONE
Stories
1
Buildings
4
Units
53
Rooms
52
Lot
2.17 ac
Current owner
From public records · entity-resolved
Dan Waldman
Individual
Mailing address
855 MARINA BAY PKWY STE #200, RICHMOND, CA 94804-6425
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2021
$15,400,000
Dan Waldman
Savvy 801 LLC
Grant Deed
$9,240,000 · First Republic Bank
Dec 7, 2017
—
Savvy 801 LLC
—
Deed
related
$8,450,000 · Jpmorgan Chase Bank NA
Dec 1, 2011
—
Savvy 801 LLC
Crp Properties INC
Corporation Deed
$2,940,000 · Jpmorgan Chase Bank NA
Jul 11, 2011
$3,391,500
Crp Properties INC
California Reconveyance Co
Trustees Deed
related
—
Aug 13, 2008
$5,800,000
801 Alvarez LLC
White Trust
Grant Deed
$47,000 · Premier Apartment Advisors INC
Dec 20, 2004
—
Abraham Alexandrovich
Web Service Co INC
Quit Claim Deed
related
—
Nov 19, 2002
—
White,tr
White,gerald R & Barbara A
Quit Claim Deed
related
—
Aug 27, 2002
$25,025,036
Gerald R White
Alexandrovich,tr
Grant Deed
related
$560,000 · White Oaks Investment
Feb 18, 1993
—
Alexandrovich,trust
Alexandrovich,a.
Quit Claim Deed
related
—
Mar 22, 1991
$513,500
Frederick Lewis
Santa Barbara Ex
Grant Deed
related
—
—
—
Alexandrovich A.
—
Deed Of Trust
related
$100,000 · Individual
—
—
Gerald R White
—
Deed Of Trust
related
$4,150,975 · Washington Mutual Fsb
—
—
Knolls Apart
—
Deed Of Trust
related
$2,420,000 · Far West Savings & Loan
—
—
White Trust
—
Deed Of Trust
related
$800,000 · Luther Burbank Savings & Loan
—
—
Alexandrovich A.
—
Deed Of Trust
related
$2,425,000 · Home Savings Of America
—
—
Frederick Lewis
—
Deed Of Trust
related
$75,000 · Individual
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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