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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Assisted living facilities
955 23rd St Richmond, CA 94804-1250
Entity Owned
6-yr Hold
Free & Clear
Property ID
US09-2829157
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1962
Total area
5,173 SF
Lot
0.24 ac (10,350 SF)
APN
530-340-014-6
UPID
US09-2829157
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
-
Richmond Post-Acute Care Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.64M
Owner & transaction history
955 23rd Street LLC · 6 yrs held
955 23rd Street LLC
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+20.2%
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
$1,940,000
ML approach
$1,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,885,000
Current use
RESTAURANT
$2,260,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$1,880,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±10% · vs last sale $1.63M (Jun 30 2020)
Last sale anchor
$1.63M
Jun 30 2020
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
$316 / 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
$28,437
Tax year 2024
Assessed value
$1,018,587
Assessed 2024
Previous assessed
$1,018,587
+0.0% YoY
Effective rate
2.79%
On assessed value
Assessed land
$289,493
Assessed improvement
$729,094
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1962
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
5,173 SF
Lot
0.24 ac (10,350 SF)
APN
530-340-014-6
UPID
US09-2829157
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.9M
RESTAURANT
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.9M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
MEDICAL BUILDING
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
1962
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
955 23rd Street LLC
Entity
Free & Clear · 6 yrs held
Mailing address
955 23RD ST, RICHMOND, CA 94804-1250
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
—
955 23rd Street LLC
—
Deed
related
$1,135,000 · Live Oak Banking Company
Jan 29, 2021
—
855 23rd Street LLC
—
Deed
related
$350,000 · Live Oak Banking Company
Jul 15, 2020
—
955 23rd Street LLC
Alvarado Resource LLC
Grant Deed
related
—
Jun 30, 2020
$1,628,000
955 23rd Street LLC
Alvarado Resources LLC
Grant Deed
$1,530,000 · Live Oak Bkng Co
Sep 25, 2014
—
Alvarado Resources LLC
Roland G Rapp
Grant Deed
$409,084 · Mechanics Bank
Jun 16, 2009
—
Rapp Roland & S Family Trust
Rapp,roland G & Sally
Quit Claim Deed
related
$456,000 · Mechanics Bank
Mar 5, 1987
—
Ezekiel B Griffin JR.
—
Grant Deed
related
—
Dec 21, 1981
$300,000
Ezekiel B Griffin JR.
Walker,johnnie Mae
Grant Deed
—
—
—
Ezekiel B Griffin
—
Deed Of Trust
related
$6,191 · M A Hays Co INC
—
—
Ezekiel B Griffin
—
Deed Of Trust
related
$27,000 · I J Healthcare Management
—
—
Alvarado Resources LLC
—
Deed Of Trust
related
$400,000 · Mechanics 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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