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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office buildings
845 23rd St 849 Richmond, CA 94804-1363
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1285963
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
4,896 SF
Lot
0.24 ac (10,300 SF)
APN
529-070-031-8
UPID
US09-1285963
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
-
bargain line usa Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$782k
Blend (final)
Blend
$785k
Owner & transaction history
Mary T Brown · 4 yrs held
Mary T Brown
since 2021
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+4.4%
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 Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$855,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
$1,080,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,210,000
Current use
AUTO REPAIR, GARAGE
$1,265,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $650k (Oct 19 2021)
Last sale anchor
$650k
Oct 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
$160 / 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
$11,591
Tax year 2024
Assessed value
$689,784
Assessed 2024
Previous assessed
$689,784
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$228,159
Assessed improvement
$461,625
Applied tax rate
8.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Units
2
Rooms
2
Total area
4,896 SF
Lot
0.24 ac (10,300 SF)
APN
529-070-031-8
UPID
US09-1285963
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
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1970
Heating
NONE
Stories
1
Units
2
Rooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Mary T Brown
Individual
Free & Clear · 4 yrs held
Mailing address
14277 MARACAIBO RD, SAN LEANDRO, CA 94577-6519
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2021
—
Mary T Brown
Mary T Brown
Intrafamily Transfer
related
—
Jun 4, 2021
$650,000
Nagi Dobashi
Mary T Brown
Grant Deed
$455,000 · Velocity Commercial Capital LLC
Jun 4, 2021
—
Nagi Dobashi
Dhahaba Dobashi
Intrafamily Transfer
related
—
Sep 16, 2014
—
Mary T Brown
Brown,jessie
Quit Claim Deed
related
$173,000 · Erik Housh
Apr 8, 1997
$310,000
Mary T Brown
Prieto Trust
Grant Deed
$277,000 · Seller
May 5, 1995
—
Prieto Trust
Prieto,roger J & Silvia P
Quit Claim Deed
related
—
Mar 18, 1992
$180,000
Roger Prieto
Imperial Thrift
Grant Deed
$108,000 · Imperial Thrift & Loan
Dec 18, 1991
—
Thrift Imperial
Lake America Cor
Trustees Deed
related
—
—
—
Ira L Crayton
—
Deed Of Trust
related
$163,000 · Imperial Thrift & Loan
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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