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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Commercial real estate
852 Reichert Ave, Novato, CA 94945-4124
Entity Owned
~
Est. High Equity
Property ID
US09-0707558
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1947
Total area
1,326 SF
Lot
0.16 ac (7,000 SF)
APN
153-071-03
UPID
US09-0707558
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
-
EZ Smile Family Dental Group - Novato Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$635k
Owner & transaction history
Simonian Properties LLC
Simonian Properties LLC
since 2026
Last sale
$769,000
7 recorded transactions
Zoning & alternative use
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 Novato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Novato 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
$575,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$385,000
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $769k (Nov 26 2025)
Last sale anchor
$769k
Nov 26 2025
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
$479 / 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
$9,548
Tax year 2024
Assessed value
$624,240
Assessed 2024
Previous assessed
$624,240
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$436,968
Assessed improvement
$187,272
Applied tax rate
10.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1947
Heating
NONE
Bathrooms
1
Total area
1,326 SF
Lot
0.16 ac (7,000 SF)
APN
153-071-03
UPID
US09-0707558
Jurisdiction
MARIN
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, 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
Building & site characteristics
From public records
Year built
1947
Heating
NONE
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Simonian Properties LLC
Entity
Mailing address
852 REICHERT AVE, NOVATO, CA 94945-4124
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
—
Simonian Properties LLC
Simonian Properties LLC
Deed
related
—
Nov 26, 2025
$769,000
Simonian Property LLC
Vancopacific Realestate LLC
Grant Deed
$510,000 · Umb Bank NA
Apr 18, 2022
$600,000
Vancopacific Real Estate LLC
Rick A Chelemedos
Grant Deed
$600,000 · Bank Of America NA
Apr 18, 2022
—
Crista Lee Barnett Nelson
Ronald Byron Nelson
Intrafamily Transfer
related
—
Mar 13, 2020
—
Chelemedos,rick A 2008 Trust
—
Deed
related
$230,000 · Roger Chelemedos
Apr 30, 2008
—
Chelemedos Rick A 2008 Trust
Chelemedos,rick A
Quit Claim Deed
related
—
Jul 6, 2006
—
Rick A Chelemedos
Chelemedos,rick A & Crista L
Quit Claim Deed
related
—
Feb 10, 1999
$425,000
Rick A Chelemedos
Almgren,charles W & Marilyn A
Grant Deed
$431,375 · Money Store Commercial Mtg
Oct 4, 1995
$260,000
Charles W Almgren
Brown,thomas W & Doris R
Grant Deed
$228,000 · Westamerica Bank
—
—
Chelemedos Rick A 2008 Trust
—
Deed Of Trust
related
$126,000 · Union Bank
—
—
Thomas W Brown
—
Deed Of Trust
related
$188,000 · Individual
—
—
Rick A Chelemedos
—
Deed Of Trust
related
$126,000 · Tamalpais Bank
—
—
Chelemedos,rick A 2008 Trust
—
Deed Of Trust
related
$230,000 · Roger Chelemedos
—
—
Rick A Chelemedos
—
Deed Of Trust
related
$354,000 · Zions First National Bank
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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