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Property profile & analytics
FOR LEASE
Warehouses
1289 67Th St Emeryville, CA 94608
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8563742
For Lease
1 / 2
$6,050,000
1289 67Th St, Emeryville, CA 94608
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Construction
TILT-UP CONCRETE
Total area
41,628 SF
Lot
1.6 ac (69,696 SF)
APN
49-1508-10-2
UPID
US09-8563742
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
$6.05M
Owner & transaction history
Hcp Emeryville Partners Il LLC · 7 yrs held
Hcp Emeryville Partners Il LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.0M
+26.6%
Retail stores
$9.9M
+24.9%
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
WAREHOUSE, STORAGE
$7,925,000
Current use
OFFICE BUILDING
$10,030,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$9,900,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$6.05M
Range $5.45M – $6.66M · ±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
$145 / 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
$143,005
Tax year 2024
Assessed value
$11,155,026
Assessed 2024
Previous assessed
$11,155,026
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,718,342
Assessed improvement
$7,436,684
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
41,628 SF
Lot
1.6 ac (69,696 SF)
APN
49-1508-10-2
UPID
US09-8563742
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
WAREHOUSE, STORAGE Current
Est. value
$7.9M
OFFICE BUILDING
Est. value
$10.0M
RETAIL STORES
Est. value
$9.9M
WAREHOUSE, STORAGE Current
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
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Hcp Emeryville Partners Il LLC
Entity
Mailing address
4060 INCE BLVD, CULVER CITY, CA 90232-2602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
—
Hcp Emeryville Partners I LLC
—
Deed
related
$86,145,000 · Deutsche Bank National Trust Co
Jan 18, 2019
$10,200,000
Hcp Emeryville Partners Il LLC
Calvest Associates
Grant Deed
—
Sep 11, 2017
—
Calvest Associates
—
Deed
related
$3,700,000 · Miscellaneous Ins Co
Mar 5, 1996
$2,200,000
Calvest Assoc
Aalborg Industries Property II
Grant Deed
$1,100,000 · Wells Fargo Bank
Feb 8, 1995
$2,700,000
Aalborg Industries Property II
Warehouse Properties INC
Grant Deed
—
—
—
Calvest Associates
—
Deed Of Trust
related
$1,350,000 · Heritage Bank Of Commerce
—
—
Calvest Associates
—
Deed Of Trust
related
$600,000 · East West Bank
—
—
Calvest Associates
—
Deed Of Trust
related
$2,500,000 · East West Bank
—
—
Calvest Associates
—
Deed Of Trust
related
$2,315,179 · Heritage Bank Of Commerce
—
—
Warehouse Properties Corp
—
Deed Of Trust
related
$1,650,000 · Copper & Brass Sal
—
—
Calvest Associates
—
Deed Of Trust
related
$1,000,000 · East West Bank
—
—
Calvest Associates
—
Deed Of Trust
related
$2,740,000 · Wells Fargo Bank
—
—
Calvest Associates
—
Deed Of Trust
related
$3,700,000 · Miscellaneous Ins Co
—
—
Calvest Associates
—
Deed Of Trust
related
$1,000,000 · East West Bank
—
—
Calvest Associates
—
Deed Of Trust
related
—
—
—
Calvest Associates
—
Deed Of Trust
related
$908,000 · Los Medanos Fund
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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