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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Office buildings
1485 Park Ave, Emeryville, CA 94608-3559
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US09-8803220
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1946
Construction
TILT-UP CONCRETE
Total area
23,002 SF
Lot
0.53 ac (23,275 SF)
APN
49-617-7-1
UPID
US09-8803220
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
$3.41M
Blend (final)
Blend
$2.45M
Owner & transaction history
Park Avenue Building LLC · 17 yrs held
Park Avenue Building LLC
since 2009
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
$2.45M
Range $2.20M – $2.69M · ±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
$106 / 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
$48,621
Tax year 2023
Assessed value
$3,082,352
Assessed 2024
Previous assessed
$3,021,923
+2.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$1,072,749
Assessed improvement
$2,009,603
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
23,002 SF
Lot
0.53 ac (23,275 SF)
APN
49-617-7-1
UPID
US09-8803220
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
1946
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.53 ac
Current owner
From public records · entity-resolved
Park Avenue Building LLC
Entity
Mailing address
16 MARIPOSA LN, ORINDA, CA 94563-2217
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
—
Park Avenue Building LLC
—
Deed
related
$500,000 · Bank Of San Francisco
May 12, 2009
—
Park Avenue Building LLC
Bruck 2005 Family Trust
Grant Deed
—
Jul 18, 2008
—
Park Avenue Building LLC
Bruck,david R
Grant Deed
—
Aug 28, 2006
—
David R Bruck
Bruck,david R & Karen
Quit Claim Deed
related
—
Oct 14, 2005
—
Bruck Family 2005 Trust
Bruck,michael R & Carolyn L
Quit Claim Deed
related
—
Apr 16, 1999
$1,525,000
David R Bruck
Mc Kay,alan R & Olga
Grant Deed
$1,025,000 · Individual
—
—
David R Bruck
—
Deed Of Trust
related
$2,500,000 · Civicbank Of Commerce
—
—
J. Hallenbeck
—
Deed Of Trust
related
$90,000 · First National Mortgage Co
—
—
Bruck 2005 Family Trust
—
Deed Of Trust
related
$2,200,000 · Bank Of San Francisco
—
—
Hallenbeck John
—
Deed Of Trust
related
$400,000 · Bay View Federal Bank
—
—
Park Avenue Building LLC
—
Deed Of Trust
related
$2,500,000 · Bank Of San Francisco
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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