Back to Search
Property profile & analytics
FOR LEASE
Office buildings
1504 Franklin St Oakland, CA 94612
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-9302827
For Lease
1 / 2
$4,385,000
1504 Franklin St, Oakland, CA 94612
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1923
Construction
CONCRETE
Total area
27,334 SF
Lot
0.23 ac (9,900 SF)
APN
8-624-26-1
UPID
US09-9302827
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
-
Sixth Dimension PMCM, Inc. Corporate Office
-
Siemens Engineering Consultant Engineer
-
Golden Bay Capital Group Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.39M
Owner & transaction history
1504 Franklin LLC · 4 yrs held
1504 Franklin LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$6,515,000
6.5%
$6,015,000
7%
$5,585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,585,000
Current use
RETAIL STORES
$6,500,000
Change: -1% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,345,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$4.39M
Range $3.95M – $4.82M · ±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
$160 / 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
$204,387
Tax year 2023
Assessed value
$14,149,440
Assessed 2024
Previous assessed
$13,872,000
+2.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$3,745,440
Assessed improvement
$10,404,000
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
For Lease
Year built
1923
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
3
Bathrooms
4
Total area
27,334 SF
Lot
0.23 ac (9,900 SF)
APN
8-624-26-1
UPID
US09-9302827
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
$6.6M
RETAIL STORES
Est. value
$6.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1923
Construction
CONCRETE
Heating
NONE
Stories
3
Buildings
1
Bathrooms
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
1504 Franklin LLC
Entity
Mailing address
2730 SAND HL RD STE #250, MENLO PARK, CA 94025-7069
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
—
1504 Franklin LLC
Springtide Franklin LLC
Grant Deed
$10,500,000 · The Northern Trust Co
Mar 17, 2022
—
Springtide II LLC
Springtide Franklin LLC
Intrafamily Transfer
related
—
Mar 16, 2018
—
Springtide Franklin LLC
—
Deed
related
$8,250,000 · New Resource Bk
Oct 27, 2016
—
Springtide Franklin LLC
—
Trustees Deed
related
$6,881,000 · Avidbank
Aug 3, 2016
—
Springtide Franklin LLC
Springtide Studios LLC
Quit Claim Deed
—
Oct 26, 2015
$3,800,000
Springtide Studios LLC
New Colonial LLC
Grant Deed
$1,800,000 · Private Individual
Nov 26, 2013
$1,500,000
New Colonial LLC
Bbcn Bk
Grant Deed
$1,300,000 · Hood Canal Partners LLC
Jun 19, 2013
$1,604,992
Bbcn Bk
American Default Mgmt
Trustees Deed
related
—
Mar 12, 2004
$2,500,000
Yil G Lee
3640 Associates
Grant Deed
$1,625,000 · Nara Bank
Mar 12, 2004
—
Yil G Lee
Ko,yong S
Grant Deed
related
—
Jul 20, 2000
$1,362,500
3640 Associates
United Joint Venture
Grant Deed
$862,250 · United Joint Venture LP
Dec 20, 1999
—
Wilmington Trust
Plummer,charles C
Grant Deed
related
—
Jul 28, 1981
$1,420,000
Thomas S Powers
—
Grant Deed
related
—
Jun 1, 1978
$673,500
—
—
Grant Deed
related
—
—
—
Yil G Lee
—
Deed Of Trust
related
$100,000 · Sook J Ko
—
—
Springtide Franklin LLC
—
Deed Of Trust
related
$8,250,000 · New Resource Bk
—
—
Yil G Lee
—
Deed Of Trust
related
$1,788,000 · Innovative Bank
—
—
Yil G Lee
—
Deed Of Trust
related
$1,788,000 · Innovative Bank
—
—
Springtide Studios LLC
—
Deed Of Trust
related
$400,000 · Thomas Wong
—
—
Yil G Lee
—
Deed Of Trust
related
$70,000 · Nara 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
