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Property profile & analytics
OFF-MARKET
Estimated value
$4,460,000
Flex space
1311 63rd St Emeryville, CA 94608-2103
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US09-8633870
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1923
Construction
TILT-UP CONCRETE
Total area
48,128 SF
Lot
1.19 ac (51,876 SF)
APN
49-1481-1-3
UPID
US09-8633870
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
$6.06M
Blend (final)
Blend
$4.46M
Owner & transaction history
Metropolitan Properties · 27 yrs held
Metropolitan Properties
since 1999
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
Blend value · Realmo final
$4.46M
Range $4.01M – $4.91M · ±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
$93 / 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
$59,149
Tax year 2024
Assessed value
$3,430,917
Assessed 2024
Previous assessed
$3,430,917
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$1,029,207
Assessed improvement
$2,401,710
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
48,128 SF
Lot
1.19 ac (51,876 SF)
APN
49-1481-1-3
UPID
US09-8633870
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
1923
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Metropolitan Properties
Entity
Mailing address
PO BOX 1121, ALAMO, CA 94507-7121
Ownership since
1999
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 6, 2016
—
Metropolitan Properties LLC
—
Deed
related
$2,750,000 · Miscellaneous Ins Co
Apr 30, 1999
$2,401,000
Metropolitan Properties
Nemec,john & Rita
Grant Deed
—
Apr 23, 1997
$296,000
Nemec,john & Rita
Waldman Trust
Trustees Deed
—
Apr 23, 1997
$142,000
Nemec,john & Rita
Nichols-lee LP
Trustees Deed
related
—
Feb 14, 1997
$59,000
Nichols-lee LP
Murry,odell
Grant Deed
related
—
Feb 14, 1996
$109,000
John Nemec
Lynch,jerry
Grant Deed
—
Sep 28, 1995
—
Jerry Lynch
Lynch,jerry
Quit Claim Deed
related
$875,000 · Pacific National Bank
May 26, 1989
$85,000
Odell Murry
Nemec,j.&r.
Grant Deed
related
—
Feb 6, 1989
$1,278,500
Jerry Lynch
Doyle Street Inv
Grant Deed
related
—
—
—
Metropolitan Properties LLC
—
Deed Of Trust
related
$175,000 · Mechanics Bank
—
—
J. Lynch
—
Deed Of Trust
related
$750,000 · Embarcadero Mortgage
—
—
Metropolitan Properties LLC
—
Deed Of Trust
related
$2,500,000 · J P Morgan Chase Bank
—
—
Metropolitan Properties LLC
—
Deed Of Trust
related
$2,750,000 · Miscellaneous Ins Co
—
—
Metropolitan Properties LLC
—
Deed Of Trust
related
$3,000,000 · Mechanics Bank
—
—
Lynch J.
—
Deed Of Trust
related
$42,000 · Us Small Business Admn
—
—
Metropolitan Properties LLC
—
Deed Of Trust
related
$2,000,000 · Mechanics 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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