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Property profile & analytics
FOR LEASE
Office buildings
1221 Broadway Oakland, CA 94612
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-8619994
For Lease
1 / 5
$15,160,000
1221 Broadway, Oakland, CA 94612
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1976
Construction
STEEL FRAME
Total area
568,722 SF
Lot
0.99 ac (43,219 SF)
APN
2-97-44
UPID
US09-8619994
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
-
Kingsford Products Co LLC Building Supply General Contractor
-
Pratt Industries Display Division Industrial Manufacturer Production Facility
-
i4COLOR Industrial Manufacturer Factory
-
Smallsreed Timothy H Law Firm
-
Fivetran (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.16M
Owner & transaction history
Kre 1221 Broadway Owner LLC · 7 yrs held
Kre 1221 Broadway Owner LLC
since 2018
5 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$27 / 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
$3,860,195
Tax year 2023
Assessed value
$274,883,400
Assessed 2024
Previous assessed
$269,510,545
+2.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$104,332,302
Assessed improvement
$170,551,098
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
For Lease
Year built
1976
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
24
Total area
568,722 SF
Lot
0.99 ac (43,219 SF)
APN
2-97-44
UPID
US09-8619994
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
1976
Construction
STEEL FRAME
Heating
NONE
Stories
24
Buildings
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Kre 1221 Broadway Owner LLC
Entity
Mailing address
1 POST ST FL, SAN FRANCISCO, CA 94104-5203
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2018
$253,542,500
Kre 1221 Broadway Owner LLC
1221 Broadway Investors LLC
Trustees Deed
related
$239,600,000 · Heitman Credit Acquisition Vii
Jun 2, 2016
—
1221 Broadway Investors LLC
—
Deed
related
$90,000,000 · Miscellaneous Ins Co
Dec 21, 2015
$165,401,000
1221 Broadway Investors LLC
Westcore City Center LLC
Grant Deed
—
Dec 11, 2012
$110,000,000
Westcore City Center LLC
Clorox Co
Grant Deed
$72,500,000 · Wells Fargo Bank
—
—
1221 Broadway Investors LLC
—
Deed Of Trust
related
$90,000,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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