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Property profile & analytics
OFF-MARKET
Estimated value
$3,155,000
Apartment buildings
835 Cornell Ave Albany, CA 94706-1747
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-7094467
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
4,620 SF
Lot
0.11 ac (5,000 SF)
APN
66-2802-23
UPID
US09-7094467
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
$3.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$3.16M
Owner & transaction history
835 Cornell Ave I LLC · 5 yrs held
835 Cornell Ave I LLC
since 2021
Last sale
$3.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+67.3%
Office building
$2.2M
+50.9%
Neighborhood: shopping center
$2.0M
+32.9%
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
$3,070,000
ML approach
$3,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,470,000
Change: +67% · Conversion: Moderate
OFFICE BUILDING
$2,230,000
Change: +51% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,965,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$3.16M
Range $2.84M – $3.47M · ±10% · vs last sale $3.25M (Feb 19 2021)
Last sale anchor
$3.25M
Feb 19 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
$683 / 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
$60,062
Tax year 2023
Assessed value
$3,444,655
Assessed 2024
Previous assessed
$3,377,138
+2.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$1,167,320
Assessed improvement
$2,277,335
Applied tax rate
22.0000
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
1960
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
8
Bathrooms
8
Total area
4,620 SF
Lot
0.11 ac (5,000 SF)
APN
66-2802-23
UPID
US09-7094467
Jurisdiction
ALAMEDA
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
MEDICAL BUILDING
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1960
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
8
Bathrooms
8
Lot
0.11 ac
Current owner
From public records · entity-resolved
835 Cornell Ave I LLC
Entity
Mailing address
99 CROCKER AVE, PIEDMONT, CA 94611-3851
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2021
$3,250,000
835 Cornell Ave I LLC
Oakridge Cornell LLC
Grant Deed
$2,400,000 · Homestreet Bank
Feb 13, 2020
—
Oakridge Cornell LLC
Read Ingraham JR Trust
Correction Deed
related
—
Oct 18, 2019
$1,450,000
Oakridge Cornell LLC
Read Ingraham JR Trust
Grant Deed
—
Nov 29, 2018
—
Read,ingraham JR Trust
Read,ingraham JR
Affidavit Of Death
related
—
Jun 7, 2000
—
Read Trust
Read,ingraham
Quit Claim Deed
related
—
Aug 31, 1998
—
Ingraham Read
Read Trust
Quit Claim 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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