Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2216 Santa Clara Ave Alameda, CA 94501

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,600,000

    Specialty property available for purchase in Alameda, California.

    Lot size:
    0.24 Acres

    Property Features for 2216 Santa Clara Ave

    General Information

    Lot size
    0.24 Acres

    Building Details

    Year built
    1966

    We can help!

    Listing Contact
    Michael Ohlmeyer
    Source: Elliman

    Listing Agent: Michael Ohlmeyer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Alameda Specialty Property for Sale

    A specialty property located at 2216 Santa Clara Ave, Alameda, CA 94501, is available for sale. The list price is $1,600,000.
    Location Intelligence

    Current Use by Public Records

    Baumann Mortgage Mortgage Broker Rina Apts. Apartment Complex

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alameda
    County
    Alameda
    State
    California
    Longitude
    -122.2454972
    Latitude
    37.7667606

    Nearby Similar for Sale

    • $1,048,800
      2,008 SF

      Charming Victorian Multifamily Income Property

      Versatile duplex plus detached cottage, ideal for investors or owner-occupants.
      1220 9Th St, Alameda, CA 94501
      View Details
    • $2,495,000
      5,493 SF

      Turn-Key Multifamily Property with ADU

      Multifamily property with income, upside, and convenient location.
      Verdi St, Alameda, CA 94501
      View Details
    • $1,500,000

      Mixed-Use Property in Alameda Shopping District

      Mixed-use property with retail and residential units in Alameda, CA.
      1249-1251 Park St, Alameda, CA 94501
      View Details
    • $1,500,000

      Mixed-Use Property with Private Parking

      Mixed-use property with retail and residential units in Alameda.
      1251 Park St, Alameda, CA 94501
      View Details
    • $1,925,000
      4,104 SF

      Alameda Sixplex with ADU Potential

      Sixplex investment property with ADU potential in Alameda, California.
      954 Park St, Alameda, CA 94501
      View Details
    • $1,580,000
      4,600 SF

      Mixed-Use Property in Alameda Heart

      Three-unit mixed-use property in Alameda with high walkability.
      1707 Lincoln Ave, Alameda, CA 94501
      View Details
    • $3,588,000
      4,990 SF

      Reimagined Victorian Apartment Complex

      Turnkey apartment complex near downtown Alameda's shops and restaurants.
      San Antonio Ave, Alameda, CA 94501
      View Details
    • $1,995,000

      Alameda Multi-Unit Investment Opportunity

      Five-unit property with garages on a 10,000 sq ft lot.
      1606 Morton St, Alameda, CA 94501
      View Details
    • $998,000

      Central Alameda Triplex with ADU

      Charming triplex with a recently built ADU in Alameda.
      840 Oak St, Alameda, CA 94501
      View Details
    • $2,295,000

      Alameda Mixed-Use Building For Sale

      Mixed-use building with commercial and residential units in Alameda.
      1203 Benton St, Alameda, CA 94501
      View Details
    • $945,000

      Alameda Triplex with Upside Potential

      Triplex in Alameda with market rent opportunities and upgrades.
      2133 Clinton Ave, Alameda, CA 94501
      View Details
    • $2,200,000
      5,056 SF

      Spectacular Six-Unit Multifamily Property

      Well-maintained six-unit property in a prime Alameda location.
      Mozart St, Alameda, CA 94501
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for purchase in Alameda, California.
    Where is this specialty property located?
    The property is located at 2216 Santa Clara Ave Alameda, CA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Year Built: 1966
    (925) 837-4100
    Request Owner's contact information
    2216 Santa Clara Ave Alameda, CA 94501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2216 Santa Clara Ave
    Alameda, CA 94501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2216 Santa Clara Ave Alameda, CA 94501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael Ohlmeyer
    (925) 837-4100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.