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Property profile & analytics
OFF-MARKET
Estimated value
$7,270,000
Office buildings
1005 Atlantic Ave Alameda, CA 94501-1148
Individually Owned
5-yr Hold
Free & Clear
Property ID
US09-8214838
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
TILT-UP CONCRETE
Total area
28,864 SF
Lot
1.63 ac (71,156 SF)
APN
74-1344-87
UPID
US09-8214838
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
Current use
Occupant on record · Public records
-
Felton Institute Social Service Agency Charitable Organization
-
Alejandra Cuspinera Boyer Counselor Social Worker
-
Adriana Furuzawa Counselor Marriage Or Relationship Counselor
-
Kimberly Cohn Marriage Or Relationship Counselor
-
Krystal Ozanick Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.27M
CAP Approach
CAP
$9.57M
Comparable Approach
Comparable
$8.30M
Blend (final)
Blend
$7.27M
Owner & transaction history
Felton Institute · 5 yrs held
Felton Institute
since 2020
Last sale
$7.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.4M
+45.1%
Auto repair, garage
$9.3M
+18.2%
Apartment house (5+ units)
$8.7M
+10.4%
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 Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda 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
$7,410,000
ML approach
$7,265,000
CAP Approach
CAP Return
Estimation
6%
$10,370,000
6.5%
$9,570,000
7%
$8,890,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,865,000
Current use
MEDICAL BUILDING
$11,410,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,295,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,685,000
Change: +10% · Conversion: Easy
RETAIL STORES
$8,190,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,800,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$7.27M
Range $6.54M – $8.00M · ±10% · vs last sale $7.20M (Dec 31 2020)
Last sale anchor
$7.20M
Dec 31 2020
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
$252 / 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
$12,480
Tax year 2023
Assessed value
$7,930,359
Assessed 2024
Previous assessed
$7,775,991
+2.0% YoY
Effective rate
0.16%
On assessed value
Assessed land
$3,116,845
Assessed improvement
$4,813,514
Applied tax rate
21.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Bathrooms
2
Total area
28,864 SF
Lot
1.63 ac (71,156 SF)
APN
74-1344-87
UPID
US09-8214838
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$11.4M
AUTO REPAIR, GARAGE
Est. value
$9.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
RETAIL STORES
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$7.8M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Bathrooms
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
Felton Institute
Individual
Free & Clear · 5 yrs held
Mailing address
1005 ATLANTIC AVE, ALAMEDA, CA 94501-1148
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Dec 31, 2020
—
Felton Institute
Family Svc Agcy Of San Francisco
Grant Deed
related
—
Aug 17, 2018
$7,200,000
Family Service Agency Of San Franci
Robert J Siska
Grant Deed
$5,040,000 · Western Alliance Bank
Nov 4, 2008
$6,650,000
Robert J Siska
Legacy Partners I Alameda LLC
Grant Deed
$4,290,000 · First Republic Bank
Feb 15, 2006
—
Legacy Partners I Alameda LLC
Alameda Real Estate Investments
Grant Deed
—
Jun 24, 1999
—
Alameda Real Estate Inv
—
Deed Of Trust
related
$28,600,000 · Lincoln National Life INC Co
Jun 13, 1996
—
Alameda Real Estate Invest
—
Deed Of Trust
related
$79,800,000 · Connecticut General Life Ins
—
—
Felton Institute
—
Loan Modification
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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