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Property profile & analytics
OFF-MARKET
Estimated value
$12,000,000
Hotels
803 Belmont Ave Belmont, CA 94002-2013
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2638022
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1953
Construction
WOOD
Lot
1.25 ac (54,402 SF)
Zoning code
CL00C2
APN
044-172-190
UPID
US09-2638022
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
$12.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.00M
Owner & transaction history
Belmont Family Apartments LP · 2 yrs held
Belmont Family Apartments LP
since 2024
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
CL00C2 · Belmont, 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 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
$12,000,000
ML approach
$12,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.00M
Range $10.80M – $13.20M · ±10% · vs last sale $12.00M (Apr 12 2024)
Last sale anchor
$12.00M
Apr 12 2024
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
—
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
$17,188
Tax year 2024
Assessed value
$1,016,693
Assessed 2024
Previous assessed
$1,016,693
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$721,683
Assessed improvement
$295,010
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Stories
1
Units
19
Rooms
20
Lot
1.25 ac (54,402 SF)
Zoning code
CL00C2
APN
044-172-190
UPID
US09-2638022
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
CL00C2 · Belmont, CA
Zoning CL00C2 · permitted uses
CL00C2 · Belmont, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Belmont. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
NONE
Stories
1
Units
19
Rooms
20
Lot
1.25 ac
Current owner
From public records · entity-resolved
Belmont Family Apartments LP
Entity
Mailing address
1650 LAFAYETTE ST, SANTA CLARA, CA 95050-3915
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
$12,000,000
Belmont Family Apartments LP
Lenore Griffin
Grant Deed
$27,592,000 · California Statewide Communities De
Mar 28, 2018
—
Survivor Lloyd J D Trust
Demartini Lloyd J
Affidavit Of Death
related
—
May 16, 2016
—
Demartini,lloyd J Trust
Demartini L J & I G Trust
Quit Claim Deed
$3,800 · Private Individual
Feb 28, 2013
—
Lloyd J Demartini
De Martini,irene G
Affidavit Of Death
related
—
Nov 14, 1994
—
Lloyd J Demartini Trustee
Demartini,lloyd & Irene
Quit Claim Deed
related
—
Sep 1, 1989
—
Lloyd Martini
Holderbein,d.&e.
Quit Claim Deed
related
—
—
—
Lloyd Martini
—
Deed Of Trust
related
$850,000 · Borel Bank & Trust
—
—
Tr,lloyd J & Demartini
—
Deed Of Trust
related
$200,000 · Borel Private Bank & Trust Co
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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