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Property profile & analytics
OFF-MARKET
Estimated value
$6,460,000
Apartment buildings
820 B St Davis, CA 95616-2367
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-5427039
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Construction
WOOD
Total area
13,395 SF
Lot
0.32 ac (14,125 SF)
Zoning code
R-3
APN
070-151-023-000
UPID
US09-5427039
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
-
Meridian Place Apartment Building
-
Remedy Resorts Drug Rehabilitation Davis, CA Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$6.46M
Owner & transaction history
Kreisa Meridian LLC · 4 yrs held
Kreisa Meridian LLC
since 2022
Last sale
$6.2M
3 recorded transactions
Zoning & alternative use
R-3 · Davis, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.3M
+53.9%
Office building
$6.1M
+29.0%
Commercial (general)
$5.9M
+23.0%
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 Davis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davis 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
$7,190,000
ML approach
$6,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,760,000
Current use
RESTAURANT
$7,330,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$6,140,000
Change: +29% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,860,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$6.46M
Range $5.81M – $7.11M · ±10% · vs last sale $6.20M (Mar 29 2022)
Last sale anchor
$6.20M
Mar 29 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
$482 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$73,491
Tax year 2023
Assessed value
$6,380,830
Assessed 2023
Previous assessed
$6,380,830
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,020,000
Assessed improvement
$5,360,830
Applied tax rate
1.0000
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
2018
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Rooms
49
Bathrooms
8
Total area
13,395 SF
Lot
0.32 ac (14,125 SF)
Zoning code
R-3
APN
070-151-023-000
UPID
US09-5427039
Jurisdiction
YOLO
Zoning & alternative use
R-3 · Davis, CAZoning R-3 · permitted uses
R-3 · Davis, CA
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
$4.8M
RESTAURANT
Est. value
$7.3M
OFFICE BUILDING
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2018
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
3
Rooms
49
Bathrooms
8
Lot
0.32 ac
Current owner
From public records · entity-resolved
Kreisa Meridian LLC
Entity
Mailing address
217 OCEAN VW AVE, SANTA CRUZ, CA 95062-3333
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
$6,200,000
Kreisa Meridian LLC
69 Urban Infill LLC
Grant Deed
$2,900,000 · Cbre Capital Markets INC
Mar 20, 2019
—
B9 Urban Infill LLC
B9 Urban Infill LLC
Grant Deed
related
$3,200,000 · Umpqua Bank
Sep 29, 2017
—
B-9 Urban Infill LLC
—
Trustees Deed
related
$2,349,900 · Umpqua Bk
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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