Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Leimert Blvd Oakland, CA 94602-1951

    • Retail space
    • 3,035 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8182582
    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.

    Current Use by Public Records

    • Red Boy Pizza on Leimert / Restaurant

    Property Details for 1500 Leimert Blvd

    Year built
    1936
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Property size
    3,035 SF
    Property type
    Retail space
    APN
    29A-1328-21-1
    APU
    29A1328211

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.212
    Latitude
    37.8116
    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
    $4,279
    $70,755
    $52,030
    $122,785
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $595,000
      3,760 SF

      3401 Macarthur Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,760 SF
      3401 Macarthur Blvd, Oakland, CA 94602-3823
      View Details
    • Value Estimation
      $1,950,000
      11,431 SF

      3510 Fruitvale Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,431 SF
      3510 Fruitvale Ave, Oakland, CA 94602-2327
      View Details
    • Value Estimation by Request
      1,740 SF

      3425 Fruitvale Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,740 SF
      3425 Fruitvale Ave, Oakland, CA 94602-2317
      View Details
    • Value Estimation
      $540,000
      2,314 SF

      4231 Park Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,314 SF
      4231 Park Blvd, Oakland, CA 94602-1311
      View Details
    • Value Estimation by Request
      896 SF

      2818 Macarthur Blvd

      RETAIL STORES (PERSONAL SERVICES) • 896 SF
      2818 Macarthur Blvd, Oakland, CA 94602-3230
      View Details
    • Value Estimation
      $810,000
      2,648 SF

      2612 Macarthur Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,648 SF
      2612 Macarthur Blvd, Oakland, CA 94602-3206
      View Details

    Similar Nearby for Sale

    • $1,395,000
      7,000 SF

      Versatile Commercial Space in Oakland

      7,000 sq ft commercial space with development potential.
      3443 Fruitvale Ave, Oakland, CA 94602
      View Details
    • $1,500,000
      2,880 SF

      Oakland Retail Business and Property

      Equipment rental business and property for sale in Oakland, CA.
      2969 Macarthur Blvd, Oakland, CA 94602
      View Details
    • $1,198,000
      2,441 SF

      Oakland Mixed-Use Investment Opportunity

      Retail and residential income property for sale in Oakland.
      2600 Macarthur Blvd, Oakland, CA 94602
      View Details
    • $1,198,000
      2,441 SF

      Oakland Mixed-Use Investment Opportunity

      Residential income property with liquor/convenience store for sale in Oakland.
      2600 Macarthur Blvd, Oakland, CA 94602
      View Details
    • Contact for pricing
      17,891 SF

      Oakland Gas Station on Large Lot

      Shell gas station on 17,891 sq ft lot in Oakland.
      2120 Montana St, Oakland, CA 94602
      View Details
    • Contact for pricing
      1,254 SF

      Oakland Restaurant/Development Opportunity For Sale

      Restaurant property with development potential in Oakland's Dimond District.
      2551 Macarthur Blvd, Oakland, CA 94602
      View Details

    Similar Nearby for Lease

    • $1.87 SF/Yr
      2,100 SF

      Fruitvale Retail Space For Rent

      Retail space in the Fruitvale Business District near BART.
      3132 International Blvd, Oakland, CA 94602
      View Details
    • Contact for pricing
      2,250 SF

      Oakland Retail Space For Rent

      Retail space in Oakland's Diamond District with high visibility.
      2208-2216 Macarthur Blvd, Oakland, CA 94602
      View Details
    • Contact for pricing
      1,287 SF

      Oakland Retail Space For Rent

      Retail space in Oakland's Dimond District with high visibility.
      3544 Fruitvale Ave, Oakland, CA 94602
      View Details
    • $1.87 SF/Yr

      Fruitvale Retail Space For Rent

      Retail space in vibrant Fruitvale Business District near BART.
      3132 International Blvd, Oakland, CA 94602
      View Details
    • $1.73 SF/Yr

      Oakland Retail/Office/Fitness Space Available

      Highly visible corner retail/office/fitness space in Oakland for rent.
      3100 Fruitvale Ave, Oakland, CA 94602
      View Details
    • $1.73 SF/Yr
      5,639 SF

      Visible Corner Retail/Office Space

      Highly visible retail/office space near Dimond District with flexible zoning.
      3100 Fruitvale Ave, Oakland, CA 94602
      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.
    1500 Leimert Blvd
    Oakland, CA 94602-1951
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!