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Property profile & analytics
OFF-MARKET
Estimated value
$3,875,000
Apartment buildings
901 Hl St, Belmont, CA 94002-2352
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1702904
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
8,539 SF
Lot
0.19 ac (8,492 SF)
APN
045-163-150
UPID
US09-1702904
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
$3.60M
CAP Approach
CAP
$3.58M
Comparable Approach
Comparable
$4.05M
Blend (final)
Blend
$3.88M
Owner & transaction history
Bonroy Investments LLC · 3 yrs held
Bonroy Investments LLC
since 2022
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.8M
+95.5%
Office building
$5.5M
+85.5%
Neighborhood: shopping center
$4.6M
+56.0%
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 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
$3,720,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
$3,875,000
6.5%
$3,575,000
7%
$3,320,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,955,000
Current use
RESTAURANT
$5,775,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$5,480,000
Change: +85% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,610,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$4,340,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,945,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,880,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,265,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$3.88M
Range $3.49M – $4.26M · ±10% · vs last sale $4.15M (Aug 10 2022)
Last sale anchor
$4.15M
Aug 10 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
$454 / 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
$54,482
Tax year 2024
Assessed value
$4,233,000
Assessed 2024
Previous assessed
$4,233,000
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$2,652,000
Assessed improvement
$1,581,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1961
Heating
NONE
Stories
3
Units
8
Rooms
26
Bathrooms
9
Total area
8,539 SF
Lot
0.19 ac (8,492 SF)
APN
045-163-150
UPID
US09-1702904
Jurisdiction
SAN MATEO
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.0M
RESTAURANT
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
RETAIL STORES
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1961
Heating
NONE
Stories
3
Units
8
Rooms
26
Bathrooms
9
Lot
0.19 ac
Current owner
From public records · entity-resolved
Bonroy Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
674 23RD AVE, SAN FRANCISCO, CA 94121-3709
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
$4,150,000
Bonroy Investments LLC
Security Eat 679 INC
Grant Deed
—
Jun 13, 2022
—
Security Eat 680 INC
Tres Socios Real Estate LLC
Grant Deed
—
Sep 22, 2021
—
Mr Redstone LLC
—
Deed
related
$3,390,000 · First Republic Bank
Feb 13, 2018
—
Mr Redstone LLC
—
Deed
related
$2,640,000 · First Republic Bk
Nov 30, 2015
$3,200,000
Mr Redstone LLC
901 Hillstreet Properties LLC
Grant Deed
$2,400,000 · First Republic Bank
Jun 25, 2015
—
901 Hillstreet Properties LLC
Strout Sandra J
Grant Deed
—
May 17, 2012
—
Sandra J Strout
Stout,sandra J
Grant Deed
related
—
Apr 20, 2012
—
Mangini Trust
Mangini,nancy L
Quit Claim Deed
related
—
Mar 15, 2012
—
Nancy L Mangini
Cunningham Trust
Grant Deed
related
—
Sep 21, 2005
—
Cunningham Trust
Cunningham Trust Agreement
Quit Claim Deed
—
Jan 25, 1996
—
Cunningham Trust
Cunningham Trust
Quit Claim Deed
related
—
—
—
Mr Redstone LLC
—
Loan Modification
related
$2,640,000 · First Republic 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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