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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Turn key restaurants
1051 Pacific Marina Alameda, CA 94501-1165
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-8263046
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1961
Construction
WOOD
Total area
14,710 SF
Lot
0.79 ac (34,395 SF)
APN
74-1340-18
UPID
US09-8263046
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
-
T 25 CL Entertainment Theater & Performing Art Venue Music Venue
-
Benjie Benas, ERS Premier Real Estate Agency
-
Pacific Lighthouse Restaurant
-
Douglas Gaffney, ERS Premier Real Estate Agency
-
IRISH LADY II Boat Club
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$897k
Blend (final)
Blend
$655k
Owner & transaction history
Phillip Diep · 7 yrs held
Phillip Diep
since 2018
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 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
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
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
$45 / 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
$61,825
Tax year 2023
Assessed value
$3,050,909
Assessed 2024
Previous assessed
$2,991,096
+2.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$1,442,136
Assessed improvement
$1,608,773
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Total area
14,710 SF
Lot
0.79 ac (34,395 SF)
APN
74-1340-18
UPID
US09-8263046
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
1961
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Phillip Diep
Individual
Mailing address
1051 PACIFIC MARINA, ALAMEDA, CA 94501-1165
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
—
Pacific Liu Restaurant LLC
—
Deed
related
$748,277 · Cathay Bank A Californi
Nov 9, 2018
$1,135,000
Phillip Diep
Hoss,udo
Grant Deed
—
Oct 31, 2013
$1,999,000
Pacific Liu Restaurant LLC
Marina Villas LLC
Grant Deed
$1,000,000 · Cathay Bank
Feb 13, 2008
—
Michaele S Brown
Carousel LLC
Grant Deed
—
Feb 13, 2008
$2,200,000
Marina Villas LLC
Brown,michael S
Grant Deed
—
Jun 13, 2000
$1,250,000
Carousel LLC
M & J Land & Equipment Leasing
Trustees Deed
—
Jun 13, 2000
—
Carousel LLC
Brown,michael S
Trustees Deed
$1,650,000 · Grand Pacific Financing Corp
Sep 16, 1999
—
M J Land Leasing
Alameda Tied House
Grant Deed
related
—
May 2, 1991
$1,160,000
Constine T Louis
Alameda Real Est
Grant Deed
—
Apr 1, 1991
$500,000
Tied Hou Alameda
Alameda Real Est
Grant Deed
related
$500,000 · First Capital Finance
—
—
Marina Villa LLC
—
Deed Of Trust
related
$1,440,000 · Alta Alliance Bank
—
—
Tied House Alameda
—
Deed Of Trust
related
$561,661 · M & J Land & Equipment Leasing
—
—
Carousel LLC
—
Deed Of Trust
related
$656,250 · Michael S Brown
—
—
Marina Villas LLC
—
Deed Of Trust
related
$500,000 · Alta Alliance Bank
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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