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Property profile & analytics
OFF-MARKET
Estimated value
$4,865,000
Grocery and convenience stores
Key Blvd Richmond, CA 94805
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3822036
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1966
Total area
23,368 SF
Lot
1.48 ac (64,469 SF)
APN
501-241-012-1
UPID
US09-3822036
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
by Request
CAP Approach
CAP
$4.84M
Comparable Approach
Comparable
$6.36M
Blend (final)
Blend
$4.87M
Owner & transaction history
Ri Richmond LLC · 4 yrs held
Ri Richmond LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.6M
+48.3%
Auto repair, garage
$6.0M
+35.4%
Office building
$5.8M
+29.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,240,000
6.5%
$4,835,000
7%
$4,490,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,455,000
Current use
COMMERCIAL (GENERAL)
$6,610,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,035,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$5,780,000
Change: +30% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,630,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$4.87M
Range $4.38M – $5.35M · ±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
$208 / 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
$77,317
Tax year 2024
Assessed value
$5,172,326
Assessed 2024
Previous assessed
$5,172,326
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$2,048,131
Assessed improvement
$3,124,195
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1966
Heating
NONE
Stories
1
Total area
23,368 SF
Lot
1.48 ac (64,469 SF)
APN
501-241-012-1
UPID
US09-3822036
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
RETAIL STORES Current
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1966
Heating
NONE
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Ri Richmond LLC
Entity
Mailing address
2025 4TH ST, BERKELEY, CA 94710-1912
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 16, 2021
—
Ri Richmond LLC
Ri Richmond LLC
Correction Deed
related
$3,150,000 · First Republic Bank
Nov 4, 2014
$849,000
Ri-albany LLC
Carrico Family Foundation
Grant Deed
—
Feb 28, 2014
—
Carrico Family Foundation
Carrico Family 2003 Trust
Quit Claim Deed
—
May 4, 2012
—
Carrico Family 2003 Trust
Carrico,antonio A
Quit Claim Deed
related
—
Apr 19, 2012
—
Antonio A Carrico
Carrico,trinidad G
Affidavit Of Death
related
—
Apr 10, 2012
—
Carrico Family 2003 Trust
Carrico Family 2003 Trust
Quit Claim Deed
related
—
Nov 13, 2009
—
Carrico Family 2003 Trust
Carrico,antonio
Quit Claim Deed
related
—
Nov 4, 2009
—
Antonio A Carrico
Carrico,trinidad G
Affidavit Of Death
related
—
Oct 20, 2009
—
Carrico Family 2003 Trust
Carrico,antonio A
Quit Claim Deed
related
—
Oct 15, 2009
—
Carrico Family 2003 Trust
Carrico,antonio A
Quit Claim Deed
related
—
Sep 30, 2009
—
Carrico Family 2003 Trust
Carrico,antonio A
Quit Claim Deed
related
—
Sep 29, 2009
—
Carrico Family 2003 Trust
Carrico,antonio A
Quit Claim Deed
related
—
Sep 22, 2009
—
Antonio A Carrico
Carrico,trinidad G
Affidavit Of Death
—
Apr 6, 1961
—
Antonio A Carrico
—
Grant Deed
related
—
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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