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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Hotels
948 Msn St 952 San Francisco, CA 94103-2911
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US09-6061094
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1907
Construction
TILT-UP CONCRETE
Total area
15,224 SF
Lot
0.14 ac (6,250 SF)
Zoning code
C3G
APN
3704 -017
UPID
US09-6061094
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
-
948 Mission St Garage Parking Lot & Garage
-
Alkain Hotel Inc Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Devendra Patel · 26 yrs held
Devendra Patel
since 1999
7 recorded transactions
Zoning & alternative use
C3G · San Francisco, CA
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 San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Francisco 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,625,000
6.5%
$1,500,000
7%
$1,395,000
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10%
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
$86 / 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
$32,178
Tax year 2024
Assessed value
$2,186,745
Assessed 2024
Previous assessed
$2,186,745
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$1,023,958
Assessed improvement
$1,162,787
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1907
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
4
Units
2
Rooms
65
Bathrooms
8
Total area
15,224 SF
Lot
0.14 ac (6,250 SF)
Zoning code
C3G
APN
3704 -017
UPID
US09-6061094
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
C3G · San Francisco, CA
Zoning C3G · permitted uses
C3G · San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Francisco. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1907
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
4
Units
2
Rooms
65
Bathrooms
8
Lot
0.14 ac
Current owner
From public records · entity-resolved
Devendra Patel
Individual
Mailing address
948 MSN ST, SAN FRANCISCO, CA 94103-2911
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
—
Devendra Patel
—
Deed
related
$1,662,000 · Bank Of Guam
Dec 19, 2023
—
Devendra Patel
—
Deed
related
$2,000,000 · Robert S Schonefeld 2021 Living Trust
Feb 4, 2022
—
Devendra Patel
—
Deed
related
$3,000,000 · Bank Of Guam
May 7, 2021
—
Devendra Patel
—
Deed
related
$1,600,000 · Bank Of Guam
Mar 10, 2021
—
Devendra Patel
—
Deed
related
$1,334,000 · Bank Of Guam
Jul 13, 2017
—
Devendra Patel
—
Trustees Deed
related
$130,032 · Food & Liquor World INC
Aug 30, 1999
—
Devendra Patel
Patel,manubhai T & Manji M
Quit Claim Deed
related
$1,100,000 · Coast Commercial Bank
Jan 2, 1990
$1,000,000
Manubhai Patel
William & Ethel
Grant Deed
$900,000 · Individual
—
—
Devendra Patel
—
Deed Of Trust
related
$150,000 · Arvind V Ved
—
—
Devendra Patel
—
Deed Of Trust
related
$1,900,000 · Bank Of East Asia
—
—
Manubhai T Patel
—
Deed Of Trust
related
$100,000 · Individual
—
—
Manubhai T Patel
—
Deed Of Trust
related
$50,000 · Individual
—
—
Manubhai T Patel
—
Deed Of Trust
related
$50,000 · Individual
—
—
Devendra Patel
—
Deed Of Trust
related
$101,700 · Mission National Bank
—
—
Devendra Patel
—
Deed Of Trust
related
$100,000 · Individual
—
—
Devendra Patel
—
Deed Of Trust
related
$130,000 · Arvind V
—
—
Manubhai T Patel
—
Deed Of Trust
related
$25,000 · Individual
—
—
Manubhai Patel
—
Deed Of Trust
related
$20,000 · Individual
—
—
Manubhai Patel
—
Deed Of Trust
related
$50,000 · Individual
—
—
Devendra Patel
—
Deed Of Trust
related
$1,500,000 · Schonefeld 2009 Trust (rt)
—
—
Devendra Patel
—
Deed Of Trust
related
$1,800,000 · National American 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.
Try Rey
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