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    3645 San Pablo Ave Emeryville, CA 94608-3901

    • Turn key restaurants
    • 3,900 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Feb 16, 2022
    $1,550,000
    Value Estimations
    $1,390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8148590
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 3645 San Pablo Ave

    Year built
    2010
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    3,900 SF
    Property type
    Turn key restaurants
    APN
    49-480-1
    APU
    494801

    Description

    This exceptional commercial property, located at 3645 San Pablo Avenue in Emeryville, California, presents a lucrative investment opportunity. The 0.1-acre lot houses a thriving, high-volume pizza and pub establishment, currently operating successfully. The sale includes the real estate, offering a unique chance to acquire a turnkey business with significant existing revenue streams. The property's prime location on San Pablo Avenue ensures high visibility and consistent foot traffic, contributing to the business's strong performance. This is an ideal acquisition for an investor seeking a proven, established business with immediate returns. The property's size and configuration are well-suited to the current operation, offering ample space for both customer seating and kitchen/preparation areas. The building's condition and specifics would need to be verified through due diligence. This is a rare opportunity to purchase a successful, established business with the underlying real estate in a desirable Bay Area location. The asking price is $1,900,000. Serious inquiries only. Further details regarding the business financials and operational aspects are available upon request and execution of a non-disclosure agreement. This property is being offered as-is. All information provided is deemed reliable but not guaranteed. Prospective buyers are advised to conduct their own due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,340,000
      ML approach
      $1,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,054,000
      Market price range: $753k - $3.26M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Emeryville
    County
    Alameda
    State
    California
    Longitude
    -122.279
    Latitude
    37.8281
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,361
    $572,220
    $1,137,828
    $1,710,048
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $305,000
      4,604 SF

      5772 Peladeau St

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    • Value Estimation
      $275,000
      3,078 SF

      3303 San Pablo Ave

      RESTAURANT • 3,078 SF
      3303 San Pablo Ave, Oakland, CA 94608-4235
      View Details
    • Value Estimation
      $360,000
      11,006 SF

      9 Anchor Dr

      RESTAURANT • 11,006 SF
      9 Anchor Dr, Emeryville, CA 94608-1510
      View Details
    • Value Estimation
      $355,000
      10,260 SF

      5770 Peladeau St

      RESTAURANT • 10,260 SF
      5770 Peladeau St, Emeryville, CA 94608-2522
      View Details
    • Value Estimation
      $450,000
      11,344 SF

      1890 Powell St

      RESTAURANT • 11,344 SF
      1890 Powell St, Emeryville, CA 94608-1808
      View Details
    • Value Estimation
      $315,000
      4,424 SF

      1298 65th St

      RESTAURANT • 4,424 SF
      1298 65th St, Emeryville, CA 94608-1471
      View Details

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      Move-in Ready Grocery Store

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      Oakland Retail Building Investment

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    • Contact for pricing
      0.26 Acres

      Oakland Mixed-Use Development

      0.26-acre corner lot, high-density zoning.
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      View Details

    Similar Nearby for Lease

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      11,006 SF

      Emeryville Freestanding Restaurant Opportunity

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      11,460 SF

      Former Urban Outfitters Retail Space

      11,460 SF retail space with large patio opportunity.
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      19,935 SF

      Freestanding Retail Building on San Pablo

      19,935 SF retail building in Emeryville's retail hub.
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      View Details
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    Emeryville, CA 94608-3901
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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