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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Office buildings
1500 12th St Oakland, CA 94606-4434
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8919517
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1912
Construction
TILT-UP CONCRETE
Total area
4,200 SF
Lot
0.32 ac (14,000 SF)
APN
20-114-15
UPID
US09-8919517
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
-
East Bay Laundry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.19M
Owner & transaction history
1500 East 12th St LLC · 15 yrs held
1500 East 12th St LLC
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+76.3%
Medical building
$1.4M
+39.5%
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 Oakland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland 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%
$1,300,000
6.5%
$1,200,000
7%
$1,115,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,010,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,785,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$1,410,000
Change: +39% · Conversion: Easy
RETAIL STORES
$1,000,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±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
$283 / 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
$34,773
Tax year 2023
Assessed value
$2,120,890
Assessed 2024
Previous assessed
$2,069,985
+2.5% YoY
Effective rate
1.64%
On assessed value
Assessed land
$492,347
Assessed improvement
$1,628,543
Applied tax rate
17.0000
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
1912
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
2
Total area
4,200 SF
Lot
0.32 ac (14,000 SF)
APN
20-114-15
UPID
US09-8919517
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
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
1912
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
1500 East 12th St LLC
Entity
Mailing address
46 FAIRLAWN AVE, DALY CITY, CA 94015-3425
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2010
—
1500 East 12th St LLC
—
Trustees Deed
related
$1,120,000 · Bank Of The West
Aug 26, 2010
—
1500 East 12th St LLC
Do P & L 1999 Living Trust
Grant Deed
—
Jan 16, 2009
$740,000
Do Phieu & L 1999 Living Trust
3 Ccam LLC
Grant Deed
—
Apr 23, 2008
$10,000
3 Ccam LLC
California Mtg & Realty
Trustees Deed
related
—
Aug 21, 2003
$120,000
4 Kekos LLC
Chess,stephen
Grant Deed
—
May 14, 2003
$150,000
Stephen M Chess
Ergur,necati
Trustees Deed
—
Mar 18, 2003
—
4 Kekos LLC
Veasy & Horner Development
Grant Deed
related
—
Mar 14, 2003
—
Vasey & Horner Development LLC
Ergur,necati
Grant Deed
related
—
Mar 9, 2001
$775,000
Necati Ergur
Keeney,jack M & Lavonne M
Grant Deed
$581,250 · Jack M & Lavonne M
—
—
Nocati Ergur
—
Deed Of Trust
related
$825,000 · Metropolitan Bank
—
—
Necati Ergur
—
Deed Of Trust
related
$150,000 · Stephen M Chess
—
—
4 Kekos LLC
—
Deed Of Trust
related
$10,000,000 · Cmr Mortgage Fund LLC
—
—
4 Kekos LLC
—
Deed Of Trust
related
$1,600,000 · Cmr Mortgage Fund LLC
Jan 19, 1968
—
Jack M Keeney
—
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.
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