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Property profile & analytics
OFF-MARKET
Estimated value
$3,835,000
Flex space
1130 5th Ave Oakland, CA 94606-2834
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8916716
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1945
Construction
TILT-UP CONCRETE
Total area
10,875 SF
Lot
0.25 ac (10,875 SF)
APN
19-31-8-1
UPID
US09-8916716
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
-
Onon Food Co Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.49M
Blend (final)
Blend
$3.84M
Owner & transaction history
Lynn Truong · 2 yrs held
Lynn Truong
since 2023
Last sale
$4.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.6M
+47.1%
Restaurant
$3.9M
+24.7%
Medical building
$3.7M
+16.4%
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 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
$3,645,000
ML approach
$3,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,140,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,620,000
Change: +47% · Conversion: Difficult
RESTAURANT
$3,915,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$3,655,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$2,620,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$2,585,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$3.84M
Range $3.45M – $4.22M · ±10% · vs last sale $4.65M (Sep 6 2023)
Last sale anchor
$4.65M
Sep 6 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
$353 / 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
$21,033
Tax year 2024
Assessed value
$1,435,000
Assessed 2024
Previous assessed
$1,435,000
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$545,000
Assessed improvement
$890,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1945
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
10,875 SF
Lot
0.25 ac (10,875 SF)
APN
19-31-8-1
UPID
US09-8916716
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
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
RESTAURANT
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.7M
OFFICE BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1945
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Lynn Truong
Individual
Mailing address
501 E 12TH ST, OAKLAND, CA 94606-2906
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2023
$4,650,000
Lynn Truong
Kathlyn Ann Meeker
Grant Deed
$3,600,000 · Kathlyn Meeker Separate Property
Oct 21, 2015
—
Gregory Willis
Celli Dorothy J Trust
Quit Claim Deed
related
—
Dec 18, 1998
—
Kathlyn A Meekr
Willis,jean L & Kathlyn A
Quit Claim Deed
related
—
Dec 22, 1997
—
Jean L Willis
Rose Trust
Quit Claim 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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