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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Retail space
1485 Solano Ave Albany, CA 94706-2147
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US09-6692332
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Construction
TILT-UP CONCRETE
Total area
1,836 SF
Lot
0.06 ac (2,593 SF)
APN
67-2847-18
UPID
US09-6692332
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
$375k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$367k
Blend (final)
Blend
$585k
Owner & transaction history
Laura Lawson Holdings LLC · 18 yrs held
Laura Lawson Holdings LLC
since 2008
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$885,000
+33.5%
Neighborhood: shopping center
$780,000
+17.5%
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
$375,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$610,000
Alternative Use
Use
Estimation
RETAIL STORES
$665,000
Current use
OFFICE BUILDING
$885,000
Change: +34% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Change: +18% · Conversion: Moderate
AUTO REPAIR, GARAGE
$590,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$555,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$319 / 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
$17,317
Tax year 2023
Assessed value
$1,145,000
Assessed 2024
Previous assessed
$1,365,960
-16.2% YoY
Effective rate
1.51%
On assessed value
Assessed land
$344,000
Assessed improvement
$801,000
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Bathrooms
2
Total area
1,836 SF
Lot
0.06 ac (2,593 SF)
APN
67-2847-18
UPID
US09-6692332
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
RETAIL STORES Current
Est. value
$665,000
OFFICE BUILDING
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$555,000
RETAIL STORES Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Bathrooms
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Laura Lawson Holdings LLC
Entity
Mailing address
1485 SOLANO AVE, ALBANY, CA 94706-2147
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2008
$1,082,000
Laura Lawson Holdings LLC
Joseph J Sipin
Grant Deed
$987,400 · Wachovia Sba Lending INC
Oct 26, 2000
$460,000
Joseph J Sipin
Sandifur Trust
Grant Deed
$345,000 · Tamalpais Bank
May 1, 1984
—
Sandifur,donald M & Betty H Trust
—
Grant Deed
related
—
Feb 1, 1977
—
—
—
Grant Deed
related
—
—
—
Joseph J Sipin
—
Deed Of Trust
related
$230,000 · Wells Fargo 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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