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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Retail space
1525 Park St Alameda, CA 94501-2933
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-8692498
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
TILT-UP CONCRETE
Total area
4,261 SF
Lot
0.13 ac (5,471 SF)
APN
71-202-13
UPID
US09-8692498
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
-
CURATED Furniture & Home Goods Home Decor Store
-
Covenant Health Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.31M
Owner & transaction history
Kwai Ching Chow Tang · 3 yrs held
Kwai Ching Chow Tang
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+49.7%
Medical building
$1.7M
+39.3%
Auto repair, garage
$1.4M
+13.5%
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 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
$1,295,000
ML approach
$1,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,210,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,810,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$1,685,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,370,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$1,160,000
Change: -4% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,150,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.35M (Oct 6 2022)
Last sale anchor
$1.35M
Oct 6 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
$307 / 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
$22,494
Tax year 2023
Assessed value
$1,562,943
Assessed 2024
Previous assessed
$1,532,300
+2.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$627,168
Assessed improvement
$935,775
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
3
Bathrooms
1
Total area
4,261 SF
Lot
0.13 ac (5,471 SF)
APN
71-202-13
UPID
US09-8692498
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
RETAIL STORES Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
3
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Kwai Ching Chow Tang
Individual
Mailing address
504 ALEXIS CIR, DALY CITY, CA 94014-1559
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
—
Kwai Ching Chow Tang
Kwai Ching Tang
Intrafamily Transfer
related
—
Jun 4, 2018
$1,350,000
Kwai Ching Tang
Cherylin A Heimans
Grant Deed
$800,000 · Cathay Bank
Jun 4, 2018
—
Kwai C Tang
Chow,kon L
Quit Claim Deed
related
—
Oct 29, 2014
—
Heimans,cherylin|heimansa,cherylin Trust
Watson,robert A
Affidavit Of Death
related
$400,000 · Heimans Family Trust (rt)
Apr 25, 2011
—
Watson Robert A Living Trust
Watson,robert A
Quit Claim Deed
related
—
Dec 4, 2009
—
Robert A Watson
Watson,robert A
Quit Claim Deed
related
—
Oct 3, 2002
—
Douglas F Durein
Durein,douglas F
Quit Claim Deed
related
—
Apr 15, 1975
—
Robert A Watson
—
Grant Deed
related
—
—
—
Robert A Watson
—
Deed Of Trust
related
$221,000 · Southern Pacific Bank
—
—
Robert A Watson
—
Deed Of Trust
related
$400,000 · Bank Of Alameda
—
—
Robert A Watson
—
Deed Of Trust
related
$234,300 · Gary & Linda Soulages
—
—
Robert A Watson
—
Deed Of Trust
related
$125,000 · George K Williams INC 401k Psp
—
—
Robert A Watson
—
Deed Of Trust
related
$160,000 · Continental Savings Of America
—
—
Robert A Watson
—
Deed Of Trust
related
$150,000 · George K Williams INC 401 Psp
—
—
Robert A Watson
—
Deed Of Trust
related
$50,000 · George K Williams INC 401(k) P
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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