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Property profile & analytics
FOR LEASE
Office buildings
1501 Harbor Bay Pkwy Alameda, CA 94502
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-8482601
For Lease
$8,495,000
1501 Harbor Bay Pkwy, Alameda, CA 94502
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
TILT-UP CONCRETE
Total area
30,240 SF
Lot
2.34 ac (102,050 SF)
APN
74-1337-5-3
UPID
US09-8482601
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
-
1501 Harbor Bay Parkway Restaurant
-
Fitness Court at Harbor Bay Gym & Fitness Center
-
Cafe Jolie Petit Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.22M
CAP Approach
CAP
$10.03M
Comparable Approach
Comparable
$9.40M
Blend (final)
Blend
$8.50M
Owner & transaction history
1501 Harbor Bay LLC · 4 yrs held
1501 Harbor Bay LLC
since 2022
Last sale
$8.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.8M
+55.9%
Medical building
$12.0M
+45.1%
Auto repair, garage
$9.7M
+18.2%
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 Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda 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
$7,045,000
ML approach
$8,220,000
CAP Approach
CAP Return
Estimation
6%
$10,865,000
6.5%
$10,030,000
7%
$9,310,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,240,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,845,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$11,955,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,740,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,100,000
Change: +10% · Conversion: Easy
RETAIL STORES
$8,580,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,420,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$8.50M
Range $7.65M – $9.34M · ±10% · vs last sale $8.13M (Jan 10 2022)
Last sale anchor
$8.13M
Jan 10 2022
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
$281 / 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
$129,304
Tax year 2023
Assessed value
$10,260,652
Assessed 2024
Previous assessed
$8,296,782
+23.7% YoY
Effective rate
1.26%
On assessed value
Assessed land
$3,225,240
Assessed improvement
$7,035,412
Applied tax rate
21.0000
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
For Lease
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
2
Bathrooms
2
Total area
30,240 SF
Lot
2.34 ac (102,050 SF)
APN
74-1337-5-3
UPID
US09-8482601
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
$8.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.8M
MEDICAL BUILDING
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$9.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.1M
RETAIL STORES
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$8.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
2
Bathrooms
2
Lot
2.34 ac
Current owner
From public records · entity-resolved
1501 Harbor Bay LLC
Entity
Mailing address
242 CALIFORNIA ST, SAN FRANCISCO, CA 94111-4361
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
$8,134,500
1501 Harbor Bay LLC
Mt 3 Properties LLC
Grant Deed
$54,248,060 · Acor Capital Mortgage LP
May 4, 2021
—
Mt 3 Properties LLC
—
Deed
related
$2,100,000 · Golden Bank NA
Jun 27, 2017
$3,750,000
Mt-3 Properties LLC
Fhg7 LLC
Grant Deed
$2,100,000 · Fhg7 LLC
Feb 21, 2017
—
Fhg7 LLC
—
Deed
related
$1,500,000 · Bank Of The West
Feb 17, 2012
$3,500,000
Fhg7 LLC
1501 Harbor Bay LP
Grant Deed
$3,500,000 · Wells Fargo Bank NA
Feb 4, 1998
—
1501 Harbor Bay LP
Maratriton Investments INC
Grant Deed
$3,375,000 · Central Park Capital LP
—
—
Fhg7 LLC
—
Deed Of Trust
related
$1,500,000 · Bank Of The West
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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