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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Office buildings
1240 Powell St, Emeryville, CA 94608-2600
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-8633908
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
TILT-UP CONCRETE
Total area
11,378 SF
Lot
0.23 ac (10,000 SF)
APN
49-1331-11
UPID
US09-8633908
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.68M
Owner & transaction history
Oo Partners LLC · 7 yrs held
Oo Partners LLC
since 2018
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 Emeryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emeryville 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
OFFICE BUILDING
$2,740,000
Current use
RETAIL STORES
$2,705,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±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
$147 / 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
$48,001
Tax year 2023
Assessed value
$3,827,704
Assessed 2024
Previous assessed
$3,752,664
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,148,311
Assessed improvement
$2,679,393
Applied tax rate
14.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Bathrooms
2
Total area
11,378 SF
Lot
0.23 ac (10,000 SF)
APN
49-1331-11
UPID
US09-8633908
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
OFFICE BUILDING Current
Est. value
$2.7M
RETAIL STORES
Est. value
$2.7M
OFFICE BUILDING Current
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Oo Partners LLC
Entity
Mailing address
5515 DOYLE ST STE #20, EMERYVILLE, CA 94608-2546
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2018
—
Oo Partners LLC
—
Deed
related
$1,750,000 · California Bk&tr
Sep 26, 2018
$3,500,000
Oo Partners LLC
1240 Powell Street LLC
Grant Deed
$1,750,000 · California Bk&tr
Jul 1, 2003
$1,000,000
1240 Powell Street LLC
Powell St LLC
Trustees Deed
related
—
Aug 12, 1999
$2,075,000
Powell St LLC
Jaeoa INC
Grant Deed
$1,452,000 · Wells Fargo Bank
Oct 13, 1993
$640,000
Jaeqa Corp
Garza,frank JR
Grant Deed
—
—
—
Jaeoa INC
—
Deed Of Trust
related
$600,000 · Bernstein Trust
—
—
1240 Powell Street LLC
—
Deed Of Trust
related
—
—
—
1240 Powell Street LLC
—
Deed Of Trust
related
$1,200,000 · Mechanics Bank
—
—
Oo Partners LLC
—
Deed Of Trust
related
$1,750,000 · California Bk&tr
—
—
Frank Garza JR.
—
Deed Of Trust
related
$50,000 · Civicbank Of Commerce
—
—
Frank Garza JR
—
Deed Of Trust
related
$713,000 · Bay View Federal Bank
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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