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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Retail space
1128 Lincoln Ave Alameda, CA 94501-2324
Trust Owned
16-yr Hold
Free & Clear
Property ID
US09-8214397
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1907
Construction
WOOD
Total area
3,965 SF
Lot
0.11 ac (5,000 SF)
APN
72-375-6
UPID
US09-8214397
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
-
Good Witch Wellness & Apothecary Medical Clinic Alternative Medicine Practice
-
Key Bodywork Alternative Medicine Practice Spa & Massage Center
-
Tiffinie Mcentire Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$463k
Blend (final)
Blend
$730k
Owner & transaction history
Lee 2009 Family Trust · 16 yrs held
Lee 2009 Family Trust
since 2010
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,125,000
Current use
OFFICE BUILDING
$1,080,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,070,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$184 / 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
$16,143
Tax year 2023
Assessed value
$1,062,336
Assessed 2024
Previous assessed
$1,041,513
+2.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$386,304
Assessed improvement
$676,032
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1907
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
7
Bathrooms
6
Total area
3,965 SF
Lot
0.11 ac (5,000 SF)
APN
72-375-6
UPID
US09-8214397
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
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES Current
OFFICE BUILDING
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
1907
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
7
Bathrooms
6
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lee 2009 Family Trust
Trust
Free & Clear · 16 yrs held
Mailing address
105 ROBINHOOD DR, SAN FRANCISCO, CA 94127-1626
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2018
—
Edwin S Lee
—
Deed
related
$550,000 · Hanmi Bank
Jan 5, 2010
—
Lee 2009 Family Trust
Lee,edwin S & Hae Y
Quit Claim Deed
related
—
Jan 29, 2008
$825,000
Edwin S Lee
Pagano Myriam M Trust
Grant Deed
$536,000 · Bank Of The Orient
Jan 29, 2008
—
Myriam Pagano
Pagano,andrew J
Affidavit Of Death
related
—
Feb 9, 2006
—
Frances M Hurt
Owner,record
Grant Deed
related
—
Dec 30, 2004
—
Raymond L Pagano
Pagano Trust
Quit Claim Deed
related
—
Dec 8, 2004
—
Pagano Myriam M Trust
Pagano,myriam
Quit Claim Deed
related
—
Apr 1, 1983
$175,000
Andrew J Pagano
Rusos,peter T
Grant Deed
$150,000
Mar 1, 1979
—
—
—
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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