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Property profile & analytics
FOR LEASE
Warehouses
1447 Park Ave Emeryville, CA 94608
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9028600
For Lease
1 / 3
$2,325,000
1447 Park Ave, Emeryville, CA 94608
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1930
Construction
TILT-UP CONCRETE
Total area
12,750 SF
Lot
0.29 ac (12,500 SF)
APN
49-617-13
UPID
US09-9028600
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
$2.92M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$2.33M
Owner & transaction history
Brennan Carpenter · 1 yrs held
Brennan Carpenter
since 2025
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.2M
+33.8%
Office building
$3.1M
+26.6%
Retail stores
$3.0M
+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%
$3,155,000
6.5%
$2,915,000
7%
$2,705,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,425,000
Current use
INDUSTRIAL (GENERAL)
$3,245,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$3,070,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$3,030,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±10% · vs last sale $2.40M (Dec 28 2024)
Last sale anchor
$2.40M
Dec 28 2024
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
$182 / 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
$10,595
Tax year 2024
Assessed value
$439,578
Assessed 2024
Previous assessed
$439,578
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$170,986
Assessed improvement
$268,592
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
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
12,750 SF
Lot
0.29 ac (12,500 SF)
APN
49-617-13
UPID
US09-9028600
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
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$3.0M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Brennan Carpenter
Individual
Free & Clear · 1 yrs held
Mailing address
1636 SUNSET DR, LOGAN, UT 84321-4308
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2025
—
Brennan Carpenter
Brennan Carpenter
Deed
related
—
Mar 28, 2025
$2,400,000
Brennan Carpenter
Tmv Viii LLC
Grant Deed
—
Oct 31, 2019
—
Davies Family Trust
Davies Family Trust
Quit Claim Deed
related
—
Sep 24, 2018
—
Davies Family Trust
Davies,roland G
Affidavit Of Death
related
—
Nov 4, 2015
—
Davies Family Trust
Davies,roland G & Shirlene
Quit Claim Deed
related
—
Nov 15, 2012
—
Tmv Viii LLC
Vinther,thodore R & Mary
Quit Claim Deed
related
—
Oct 29, 2001
—
Roland G Davies
Davies,roland G
Quit Claim Deed
related
—
Dec 28, 1989
$79,000
Theodore Vinther
Thorpe,j.
Grant Deed
related
—
Feb 24, 1977
—
—
—
Grant Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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