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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Industrial properties
1121 3rd St Oakland, CA 94607-2509
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7886574
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1918
Construction
TILT-UP CONCRETE
Total area
7,515 SF
Lot
0.84 ac (36,570 SF)
APN
4-25-3
UPID
US09-7886574
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
-
Nor Cal Metal Fabricators Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.52M
Blend (final)
Blend
$2.89M
Owner & transaction history
The Peralta Street LLC · 2 yrs held
The Peralta Street LLC
since 2023
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.2M
+28.1%
Restaurant
$2.7M
+8.5%
Medical building
$2.5M
+1.3%
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
$2,885,000
ML approach
$2,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,495,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,195,000
Change: +28% · Conversion: Difficult
RESTAURANT
$2,705,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$2,525,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±10% · vs last sale $3.38M (Dec 28 2023)
Last sale anchor
$3.38M
Dec 28 2023
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
$384 / 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
$38,892
Tax year 2024
Assessed value
$2,377,500
Assessed 2024
Previous assessed
$2,377,500
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$1,975,000
Assessed improvement
$402,500
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1918
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
7,515 SF
Lot
0.84 ac (36,570 SF)
APN
4-25-3
UPID
US09-7886574
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
MEDICAL BUILDING
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
1918
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
The Peralta Street LLC
Entity
Mailing address
2372 JERROLD AVE, SAN FRANCISCO, CA 94124-1013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 28, 2023
$3,378,000
The Peralta Street LLC
3rd And Adeline Oakland Edp LLC
Grant Deed
$850,000 · 3rd And Adeline Oakland Edp LLC
Sep 7, 2022
$9,100,000
3rd And Adeline Oakland Edp LLC
Robert C Hall
Grant Deed
—
Oct 31, 2017
—
Sean D Connall
Connall Susan H Living Trust
Quit Claim Deed
related
—
Nov 17, 1994
—
Connall Trust
Connall,susan H
Quit Claim Deed
related
—
Nov 7, 1994
—
Hall Trust
Hall,thomas M
Quit Claim Deed
related
—
Jun 9, 1993
—
Hall,trust
Hall,r C&carolyn
Quit Claim Deed
related
—
Apr 2, 1982
$515,000
Hall,robert C & Carolyn S Tr Etal
—
Grant Deed
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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