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    6842 Armour Dr Oakland, CA 94611

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8389930
    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

    • Commercial real estate

    Property Details for 6842 Armour Dr

    Property type
    Commercial real estate

    Description

    This exceptional vacant land parcel, located at 6842 Armour Drive in Oakland, California's desirable Montclair Hills neighborhood, presents a unique opportunity for building a custom home. Priced at $135,000, this property offers a peaceful setting due to its location on a dead-end street, ensuring minimal through traffic. The lot enjoys an upslope position, potentially offering stunning views (buyer to verify). Situated in Alameda County, zip code 94611, the property's coordinates are 37.83721 latitude and -122.203001 longitude. The land is classified as vacant and is ready for development. This is an ideal location for those seeking a tranquil residential setting within a sought-after Oakland community. The property is being sold as-is. Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations, building codes, and potential development restrictions before making an offer. This is a rare opportunity to acquire a buildable lot in a highly desirable area; don't miss out! Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.203001
    Latitude
    37.83721

    Comparable in this City

    • $58,500

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      Oakland Land with Reservoir

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    • $295,000

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      Two fully-entitled lots in prime Oakland location ready for development.
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      Residential Land in Oakland Hills

      Down-sloped lot with pre-drawn plans for two-story residence.
      7220 Woodrow Dr, Oakland, CA 94611
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    • $1,700,000
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      Oakland Claremont Hills Land Development

      10 lots, 4.28 acres, panoramic views.
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    • $160,000

      Land in Quiet Oakland Setting

      Land with natural beauty, offering various possibilities.
      Westover Dr, Oakland, CA 94611
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    Similar Nearby for Sale

    • $58,500

      Westover Dr

      Land
      0 Westover Dr, Oakland, CA 94611
      View Details
    • $2,500,000
      1.83 Acres

      Oakland Land with Reservoir

      1.83 acre Oakland property with existing underground reservoir.
      Bullard Dr, Oakland, CA 94611
      View Details
    • $295,000

      Entitled Lots Near Piedmont Avenue

      Two fully-entitled lots in prime Oakland location ready for development.
      314 Monte Vista Ave, Oakland, CA 94611
      View Details
    • $109,999
      0.12 Acres

      Residential Land in Oakland Hills

      Down-sloped lot with pre-drawn plans for two-story residence.
      7220 Woodrow Dr, Oakland, CA 94611
      View Details
    • $160,000

      Land in Quiet Oakland Setting

      Land with natural beauty, offering various possibilities.
      6210 Westover Dr, Oakland, CA 94611
      View Details
    • $399,000

      Land with Panoramic Bay Views

      Three consecutive lots with views, Oakland, CA. Development opportunity.
      Tunnel Rd, Oakland, CA 94611
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    Similar Nearby for Lease

    • Contact for pricing
      13,887 SF

      Piedmont Ave Retail Spaces For Lease

      Restaurant & Retail Space Available, Alameda County
      4000 Piedmont Ave, Oakland, CA 94611
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    • $2.00 SF/Yr
      35,712 SF

      Professional Office Spaces For Lease

      Office spaces for lease with views near I-80 & I-780.
      150-195 Glen Cove Marina Rd, Vallejo, CA 94611
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    • $4 SF/Yr
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      Oakland Medical Office Space Available

      Reimagined Class A medical office near Pill Hill.
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      Restaurant Ready Corner Retail Space

      Retail space with historic facade and restaurant infrastructure.
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      Retail Space on Piedmont Avenue

      Retail space available with parking and window frontage.
      4364 Piedmont Ave, Oakland, CA 94611
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    • $3,000 /Mo
      650 SF

      Oakland Retail Space For Rent

      Retail space available for lease in Oakland, CA.
      14 Glen Ave, Oakland, CA 94611
      View Details
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    6842 Armour Dr
    Oakland, CA 94611
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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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