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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Apartment buildings
98 Broadway Los Gatos, CA 95030-6801
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0721656
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1952
Construction
WOOD
Total area
2,336 SF
Lot
0.13 ac (5,490 SF)
Zoning code
RM
APN
510-45-029
UPID
US09-0721656
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
$1.02M
CAP Approach
CAP
$685k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$995k
Owner & transaction history
William S Gorman · 5 yrs held
William S Gorman
since 2020
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
RM · Los Gatos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+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 Los Gatos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Gatos 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
$1,050,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$970,000
Current use
RETAIL STORES
$1,515,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$830,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $950k (Nov 9 2020)
Last sale anchor
$950k
Nov 9 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
$426 / 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
$18,936
Tax year 2024
Assessed value
$1,431,485
Assessed 2024
Previous assessed
$1,431,485
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$904,099
Assessed improvement
$527,386
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
1952
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
4
Total area
2,336 SF
Lot
0.13 ac (5,490 SF)
Zoning code
RM
APN
510-45-029
UPID
US09-0721656
Jurisdiction
SANTA CLARA
Zoning & alternative use
RM · Los Gatos, CA
Zoning RM · permitted uses
RM · Los Gatos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Gatos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$970,000
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$830,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
1952
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Lot
0.13 ac
Current owner
From public records · entity-resolved
William S Gorman
Individual
Free & Clear · 5 yrs held
Mailing address
20203 CAMARDA CT, CUPERTINO, CA 95014-2341
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2020
—
William S Gorman
Diane L Gorman
Quit Claim Deed
related
—
Aug 16, 1999
$950,000
William S Gorman
Roeloffs,jonathan & Adriana A
Grant Deed
$600,000 · Downey S & L (wholesale)
—
—
Jonatha Roeloffs
—
Deed Of Trust
related
$25,000 · Individual
—
—
Jonathan Roeloffs
—
Deed Of Trust
related
$318,000 · M Lewis INC
—
—
Jonatha Roeloffs
—
Deed Of Trust
related
$30,000 · Individual
—
—
Jonatha Roeloffs
—
Deed Of Trust
related
$10,000 · Individual
—
—
Jonathan Roeloffs
—
Deed Of Trust
related
$35,000 · Nivison Trust
—
—
Jonathan Roeloffs
—
Deed Of Trust
related
$250,000 · Gal-sal Co
—
—
Jonatha Roeloffs
—
Deed Of Trust
related
$20,000 · Individual
—
—
Jonathan Roeloffs
—
Deed Of Trust
related
$410,000 · Individual
—
—
Jonathan Roeloffs
—
Deed Of Trust
related
$75,000 · Christine L Lewis Ira
—
—
Jonathan Roeloffs
—
Deed Of Trust
related
$335,000 · Home Savings Of America
—
—
Jonatha Roeloffs
—
Deed Of Trust
related
$15,000 · Individual
—
—
Jonathan Roeloffs
—
Deed Of Trust
related
$420,000 · American Savings 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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