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Property profile & analytics
OFF-MARKET
Estimated value
$10,355,000
Office Spaces
1411 Hbr Bay Pkwy Alameda, CA 94502-7054
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-7876433
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1984
Construction
TILT-UP CONCRETE
Total area
32,208 SF
Lot
24.21 ac (1,054,707 SF)
APN
74-1339-42
UPID
US09-7876433
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
-
Oscar's Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.24M
CAP Approach
CAP
$10.68M
Comparable Approach
Comparable
$10.01M
Blend (final)
Blend
$10.36M
Owner & transaction history
1411 Harbor Bay LLC · 4 yrs held
1411 Harbor Bay LLC
since 2021
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.2M
+84.8%
Neighborhood: shopping center
$13.7M
+55.9%
Medical building
$12.7M
+45.1%
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 Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda 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
$10,080,000
ML approach
$8,235,000
CAP Approach
CAP Return
Estimation
6%
$11,570,000
6.5%
$10,680,000
7%
$9,920,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,775,000
Current use
RESTAURANT
$16,215,000
Change: +85% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$13,685,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$12,735,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,370,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,690,000
Change: +10% · Conversion: Easy
RETAIL STORES
$9,140,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,965,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$10.36M
Range $9.32M – $11.39M · ±10% · vs last sale $10.50M (Sep 16 2021)
Last sale anchor
$10.50M
Sep 16 2021
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
$322 / 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
$157,055
Tax year 2023
Assessed value
$10,924,200
Assessed 2024
Previous assessed
$10,710,000
+2.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$2,731,050
Assessed improvement
$8,193,150
Applied tax rate
21.0000
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
32,208 SF
Lot
24.21 ac (1,054,707 SF)
APN
74-1339-42
UPID
US09-7876433
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
$8.8M
RESTAURANT
Est. value
$16.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$10.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.7M
RETAIL STORES
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$9.0M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
24.21 ac
Current owner
From public records · entity-resolved
1411 Harbor Bay LLC
Entity
Free & Clear · 4 yrs held
Mailing address
242 CALIFORNIA ST, SAN FRANCISCO, CA 94111-4361
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2021
$10,500,000
1411 Harbor Bay LLC
Lunarossa LLC
Grant Deed
—
Dec 15, 2014
$7,350,000
Lunarossa LLC
Dollinger Harbor Bay Associates
Grant Deed
$4,500,000 · Mc Five Mile Commercial Mortgage Fi
Aug 18, 2010
—
1501 Harboy Bay LP
—
Trustees Deed
related
$3,375,000 · Gs Mtg Sec Corp II 1998-c1
May 9, 2007
—
Dollinger Harbor Bay Assocs
Limar Realty Corp 13
Grant Deed
$19,500,000 · Wells Fargo Bank
Jun 15, 2004
—
Limar Realty #35 LLC
—
Deed Of Trust
related
$67,706,000 · Bank One NA
Apr 16, 2001
—
Limar Realty Corp #13
Lincoln-recp Empire Opco LLC
Grant Deed
$25,000,000 · Wells Fargo Bank
—
—
Dollinger Harbor Bay Assocs LP
—
Deed Of Trust
related
—
—
—
Dollinger Harbor Bay Assocs LP
—
Deed Of Trust
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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