Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1468 Grand Ave San Leandro, CA 94577-5369
    Back to Search
    Property profile & analytics

    1468 Grand Ave, San Leandro, CA 94577-5369

    View on Map
    • Mobile home & RV parks
    • 4,396 SF
    • 1.43 lot acres
    Off-Market
    Property ID
    US09-9150580
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bay Shore Commons / Housing Complex
    • Estudillo Trailer Park2 / Campground & RV Park

    Property Details for 1468 Grand Ave

    Year built
    1958
    Construction
    WOOD
    Lot size
    1.43 lot acres
    Property type
    Mobile home & RV parks
    APN
    77-600-6-10
    APU
    77600610

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 30, 2017 $4,780,000 San Leandro Trailer Park LLC Gayle E Thomas Grant Deed $3.3M · Presidio Bank
    Nov 30, 2017 — Christina M Hansen Hansen,david S Affidavit Of Death · related —
    Dec 22, 2004 — Gayle E Thomas Thomas,tommy Quit Claim Deed · related —
    Aug 8, 2001 $1,330,000 Tommy P Thomas Hansen,david S & Christina M Grant Deed $730k · Stewart Trust
    Nov 4, 1994 $182,000 David S Hansen Russi Trust Grant Deed —
    Aug 17, 1994 — Stephen L Russi Trust Russi,stephen L Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $554,000
      Market price range: $251k - $1.36M

    • Alternative Use

      Use
      Estimation
      MOBILE HOME PARK, TRAILER PARK
      $635,000
      Current use
      OFFICE BUILDING
      $865,000
      Change: +37% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $660,000
      Change: +4% Conversion: Difficult
      RETAIL STORES
      $535,000
      Change: -15% Conversion: Difficult
      MEDICAL BUILDING
      $530,000
      Change: -16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $525,000
      Change: -17% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Leandro
    County
    Alameda
    State
    California
    Longitude
    -122.139
    Latitude
    37.7276
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $72,929
    $3,748,080
    $518,707
    $4,266,787
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,425,000
      4,617 SF

      2399 14th St

      MOBILE HOME PARK, TRAILER PARK
      2399 14th St, San Leandro, CA 94577-6072
      View Details
    • Value Estimation by Request
      2,068 SF

      2470 Washington Ave

      MOBILE HOME PARK, TRAILER PARK
      2470 Washington Ave, San Leandro, CA 94577-5950
      View Details
    • Value Estimation
      $1,495,000
      9,392 SF

      525 Bancroft Ave

      APARTMENT HOUSE (5+ UNITS)
      525 Bancroft Ave, San Leandro, CA 94577-2027
      View Details
    • Value Estimation
      $4,980,000
      34,096 SF

      13931 Doolittle Dr

      APARTMENT HOUSE (5+ UNITS)
      13931 Doolittle Dr, San Leandro, CA 94577-5535
      View Details
    • Value Estimation
      $2,835,000
      22,916 SF

      100 Thornton St

      APARTMENT HOUSE (5+ UNITS)
      100 Thornton St, San Leandro, CA 94577-4837
      View Details
    • Value Estimation
      $2,050,000
      16,499 SF

      1465 Pacific Ave

      APARTMENT HOUSE (5+ UNITS)
      1465 Pacific Ave, San Leandro, CA 94577-2562
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,252 SF

      San Leandro Multifamily Investment Opportunity

      Two contiguous 7-unit buildings near transportation and employment hubs.
      225 Chumalia St, San Leandro, CA 94577
      View Details
    • Contact for pricing
      4,613 SF

      Renovated Multifamily Property For Sale

      Two renovated five-unit buildings available separately or together.
      350 Lafayette Ave, San Leandro, CA 94577
      View Details
    • $2,180,000

      Updated Triplex with Rental Income

      Triplex with updated units, rental income, and ample parking.
      2292 Avenue 134Th W, San Leandro, CA 94577
      View Details
    • $2,990,000

      San Leandro Multifamily Investment Opportunity

      Two renovated buildings totaling 10 units in San Leandro.
      185 Belleview Dr, San Leandro, CA 94577
      View Details
    • Contact for pricing
      4,596 SF

      San Leandro 8-Plex Multifamily Property

      Well-maintained 8-plex near BART, shopping, and freeway access.
      1617 Pacific Ave, San Leandro, CA 94577
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      San Leandro Mixed-Use Building

      Two-story mixed-use building with retail and residential units for rent.
      1680 E 14Th St, San Leandro, CA 94577
      View Details
    • Contact for pricing

      San Leandro Warehouse/Distribution Space

      Light industrial warehouse/distribution project with front loading drive-in doors.
      14204-14212 Doolittle Dr, San Leandro, CA 94577
      View Details
    • Contact for pricing

      San Leandro Single Tenant Office

      Single tenant office building available for rent in San Leandro.
      1933 Davis St, San Leandro, CA 94577
      View Details
    • Contact for pricing
      2,242 SF

      San Leandro Office Space Available

      Office space available for lease in San Leandro, California.
      1040 Davis St, San Leandro, CA 94577
      View Details
    • $1.35 SF/Yr

      San Leandro Warehouse Sublease Available

      8,400 SF sublease with office space and loading dock.
      1991 Burroughs Ave, San Leandro, CA 94577
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1468 Grand Ave
    San Leandro, CA 94577-5369
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1468 Grand Ave, San Leandro, CA, 94577
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!