Sign Up Successful!
You now have access to more from Realmo!
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

    1501 Madison St Oakland, CA 94612-4551

    • Apartment buildings
    • 31,156 SF
    • 0.30 lot acres
    OFF-MARKET
    Last Sale
    Mar 08, 2021
    $12,250,000
    Value Estimations
    $9,655,000
    Show details
    Cap Rate Potential
    7.8%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-6546833
    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

    • Commodore Apartments / Hotel & Motel / Bed & Breakfast

    Property Details for 1501 Madison St

    Year built
    1912
    Construction
    TILT-UP CONCRETE
    Lot size
    0.30 lot acres
    Property size
    31,156 SF
    Property type
    Apartment buildings
    APN
    8-629-11
    APU
    862911

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,425,000
      ML approach
      $6,275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,965,000
      6.5%
      $10,120,000
      7%
      $9,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,608,000
      Market price range: $5.63M - $8.61M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,230,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $13,235,000
      Change: +83% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $11,945,000
      Change: +65% Conversion: Moderate
      RESTAURANT
      $11,215,000
      Change: +55% Conversion: Difficult
      MEDICAL BUILDING
      $10,470,000
      Change: +45% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $8,995,000
      Change: +24% Conversion: Difficult
      OFFICE BUILDING
      $7,510,000
      Change: +4% Conversion: Moderate
      RETAIL STORES
      $7,410,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.264
    Latitude
    37.8028
    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
    $209,489
    $3,990,112
    $9,008,389
    $12,998,501
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      1431 Jackson St

      APARTMENT HOUSE (5+ UNITS) • 0.32 Acres
      1431 Jackson St, Oakland, CA 94612-4055
      View Details
    • Value Estimation
      $1,005,000
      7,242 SF

      1420 Jackson St

      APARTMENT HOUSE (5+ UNITS) • 7,242 SF
      1420 Jackson St, Oakland, CA 94612-4077
      View Details
    • Value Estimation
      $1,445,000
      10,437 SF

      1520 Madison St

      APARTMENT HOUSE (5+ UNITS) • 10,437 SF
      1520 Madison St, Oakland, CA 94612-4504
      View Details
    • Value Estimation
      $6,885,000
      49,953 SF

      1551 Madison St

      APARTMENT HOUSE (5+ UNITS) • 49,953 SF
      1551 Madison St, Oakland, CA 94612-4552
      View Details
    • Value Estimation
      $9,350,000
      70,700 SF

      634 15th St

      APARTMENT HOUSE (5+ UNITS) • 70,700 SF
      634 15th St, Oakland, CA 94612-1203
      View Details
    • Value Estimation
      $2,040,000
      14,962 SF

      159 17th St

      APARTMENT HOUSE (5+ UNITS) • 14,962 SF
      159 17th St, Oakland, CA 94612-4672
      View Details

    Similar Nearby for Sale

    • $2,950,000
      6,150 SF

      New Multifamily Asset in Oakland

      Turn-key, new construction 9-unit multifamily property in Oakland.
      603 22Nd St, Oakland, CA 94612
      View Details
    • $1,395,000
      7,140 SF

      Renovated Oakland Commercial Property

      Fully renovated commercial property with SRO units and retail space.
      2327 San Pablo Ave, Oakland, CA 94612
      View Details
    • Contact for pricing
      0.59 Acres

      Downtown Oakland Redevelopment Opportunity

      357-Unit Multifamily Development, 25,500 SF
      2044 Franklin St, Oakland, CA 94612
      View Details
    • $6,450,000
      19,587 SF

      Turnkey Multifamily Near Lake Merritt

      33-unit multifamily property near Lake Merritt and Downtown Oakland.
      1560 Jackson St, Oakland, CA 94612
      View Details
    • $4,850,000
      16,000 SF

      Oakland Mixed-Use Investment Opportunity

      28-unit mixed-use property in Oakland's thriving Uptown neighborhood.
      25Th Street Way, Oakland, CA 94612
      View Details
    • $1,825,000
      10,440 SF

      Oakland Multifamily Near Lake Merritt

      Well-maintained 12-unit apartment building in Downtown Oakland.
      2306 Waverly St, Oakland, CA 94612
      View Details

    Similar Nearby for Lease

    • $4,800 /Mo

      Oakland Retail Space Available

      Retail space for lease in Oakland, California.
      405 15Th St, Oakland, CA 94612
      View Details
    • Contact for pricing
      730 SF

      Uptown Retail Space Available

      Micro-retail units in Uptown Oakland, surrounded by restaurants and cafes.
      343 19Th St, Oakland, CA 94612
      View Details
    • Contact for pricing
      1,620 SF

      Prime Retail Space on 13th

      Highly visible retail space in downtown Oakland, near Lake Merritt.
      238 13Th St, Oakland, CA 94612
      View Details
    • $1.50 SF/Yr
      13,714 SF

      Oakland Office Space For Rent

      Office space featuring exposed brick, timber, and ample parking.
      1521-1531 Webster St, Oakland, CA 94612
      View Details
    • Contact for pricing
      1,794 SF

      Class A Office Space

      Prime office space near BART with panoramic views.
      1 Kaiser Plz, Oakland, CA 94612
      View Details
    • Contact for pricing
      2,906 SF

      Demisable Retail Space in Oakland

      Ground floor retail space in mixed-use building, available now.
      1411 Alice St, Oakland, CA 94612
      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.
    1501 Madison St
    Oakland, CA 94612-4551
    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.