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Property profile & analytics
FOR LEASE
Office buildings
1 Park Pl Dublin, CA 94568
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-9282438
For Lease
1 / 2
Contact for pricing
1 Park Pl, Dublin, CA 94568
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
2002
Construction
STEEL FRAME
Total area
209,221 SF
Lot
7.16 ac (311,698 SF)
APN
986-14-11-1
UPID
US09-9282438
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.55M
Owner & transaction history
Igep Park Place LLC · 6 yrs held
Igep Park Place LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Dublin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dublin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$31 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,042,913
Tax year 2023
Assessed value
$83,952,477
Assessed 2024
Previous assessed
$82,306,611
+2.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$16,082,850
Assessed improvement
$67,869,627
Applied tax rate
26.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
For Lease
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
6
Bathrooms
36
Total area
209,221 SF
Lot
7.16 ac (311,698 SF)
APN
986-14-11-1
UPID
US09-9282438
Jurisdiction
ALAMEDA
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
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Stories
6
Buildings
1
Bathrooms
36
Lot
7.16 ac
Current owner
From public records · entity-resolved
Igep Park Place LLC
Entity
Mailing address
1 SANSOME ST STE #1550, SAN FRANCISCO, CA 94104-4431
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2019
$78,300,000
Igep Park Place LLC
Trt Noip Dublin LP
Grant Deed
$44,000,000 · Insurance Strategy Funding Corp LLC
Jul 10, 2018
$55,075,000
Patelco Cu
Trt Noip Dublin LP
Grant Deed
related
—
May 21, 2018
—
Trt Noip Dublin LP
Trt Noip Dublin LP
Quit Claim Deed
related
—
May 21, 2008
—
Istar Ctl Dublin LLC
—
Grant Deed
related
$960,000,000 · General Elec Cap
May 13, 2008
—
Istar Ctl Dublin LLC
Istar Hq 2003
Quit Claim Deed
related
$960,000,000 · General Elec Cap
Jan 4, 2007
—
Star Hq 2003
Acre Dublin LLC
Grant Deed
related
—
—
—
Istar Ctl Dublin LLC
—
Deed Of Trust
related
$960,000,000 · General Elec Cap
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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