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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Warehouses
10811 Russet St Oakland, CA 94603
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8330575
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1954
Construction
TILT-UP CONCRETE
Total area
10,434 SF
Lot
0.37 ac (16,300 SF)
APN
45-5256-11-5
UPID
US09-8330575
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
$2.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Ruben Alvarez
Ruben Alvarez
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+26.6%
Retail stores
$2.5M
+24.9%
Commercial (general)
$2.3M
+15.8%
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 Oakland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,240,000
6.5%
$2,070,000
7%
$1,920,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,985,000
Current use
OFFICE BUILDING
$2,515,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$2,480,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,300,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $2.00M (May 13 2025)
Last sale anchor
$2.00M
May 13 2025
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
$158 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$28,403
Tax year 2024
Assessed value
$1,934,276
Assessed 2024
Previous assessed
$1,934,276
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$739,576
Assessed improvement
$1,194,700
Applied tax rate
17.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1954
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
10,434 SF
Lot
0.37 ac (16,300 SF)
APN
45-5256-11-5
UPID
US09-8330575
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
WAREHOUSE, STORAGE Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1954
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.37 ac
Current owner
From public records · entity-resolved
Ruben Alvarez
Individual
Mailing address
1300 CLAY ST STE #600, OAKLAND, CA 94612-1427
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2025
$2,000,000
Ruben Alvarez
Triangle Real Estate LLC
Grant Deed
—
Aug 13, 2025
—
Jose Alvarez
Guadalupe Alvarez
Deed
related
—
Jan 11, 2017
$1,700,000
Triangle Real Estate LLC
Beckwith J K JR & S F Trust
Grant Deed
—
Oct 12, 2010
$612,500
Beckwith John K JR & S F Trust
Lehman Brothers Small 2006-3
Grant Deed
$325,000 · Bernice K Beckwith
Dec 29, 2009
$710,000
Lehman Brothers Small 2006-3
Assured Lender Svcs INC
Trustees Deed
related
—
Jun 13, 2007
—
Ballesteros Living Trust
Ballesteros,adriana
Quit Claim Deed
related
—
Aug 22, 2006
—
Adriana Ballesteros
Robert Ballesteros JR
Intrafamily Transfer
related
—
Aug 21, 2002
$540,000
Robert Ballesteros
Severs,tr
Grant Deed
$351,000 · Herzer Financial
Jan 31, 2000
—
Severs Trust
Severs Trust
Quit Claim Deed
related
—
May 2, 1995
—
Severs Trust
Severs,gregory D & Janice S
Quit Claim Deed
related
—
—
—
Robert Ballesteros JR.
—
Deed Of Trust
related
$635,000 · Rose L Chan
—
—
Robert Ballesteros JR.
—
Deed Of Trust
related
—
—
—
Robert Ballesteros JR.
—
Deed Of Trust
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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