Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,485,000
Office buildings
1550 Park Ave Emeryville, CA 94608-3502
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-8414117
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1917
Construction
TILT-UP CONCRETE
Total area
16,951 SF
Lot
0.49 ac (21,255 SF)
APN
49-1036-3
UPID
US09-8414117
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.49M
Owner & transaction history
Park Halleck LP · 6 yrs held
Park Halleck LP
since 2019
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 Emeryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emeryville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,085,000
Current use
RETAIL STORES
$4,030,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$2.49M
Range $2.24M – $2.73M · ±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
$147 / 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
$75,138
Tax year 2023
Assessed value
$5,786,970
Assessed 2024
Previous assessed
$5,673,510
+2.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,715,504
Assessed improvement
$4,071,466
Applied tax rate
14.0000
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
Off-Market
Year built
1917
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
16,951 SF
Lot
0.49 ac (21,255 SF)
APN
49-1036-3
UPID
US09-8414117
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
$4.1M
RETAIL STORES
Est. value
$4.0M
OFFICE BUILDING Current
RETAIL STORES
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
1917
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Park Halleck LP
Entity
Mailing address
1550 PARK AVE, EMERYVILLE, CA 94608-3502
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
—
Park Halleck LP
—
Deed
related
$6,000,000 · Bank Of America NA
Oct 17, 2019
$3,000,000
Park Halleck LP
Hfi Park LLC
Grant Deed
$1,500,000 · Bank Of America
Jan 24, 2018
—
Hfi Park LLC
Hu,justin
Quit Claim Deed
—
Jan 8, 2018
$2,500,000
Justin Hu
Plm Loan Mgmt Svcs INC|1550 Park LLC
Trustees Deed
related
—
Mar 8, 2017
—
1550 Park LLC
—
Deed
related
$1,000,000 · Sci Park LLC
Jan 23, 2017
—
1550 Park LLC
—
Deed
related
$2,850,000 · Farhad Zaghi
Jul 31, 2015
$3,300,000
1550 Park LLC
Apex Refrigeration Corp
Grant Deed
$2,550,000 · Ugi Infusion LLC
Mar 17, 2003
$12,000,000
Apex Refridgeration Corp
Pellegrini Refrigeration & Res
Grant Deed
—
Oct 8, 1971
—
Refrigeration Pellegrini
—
Grant Deed
related
—
—
—
1550 Park LLC
—
Deed Of Trust
related
$1,000,000 · Sci Park LLC
—
—
Refrigeration Pellegrini
—
Deed Of Trust
related
$1,200,000 · Pellegrini Trust
—
—
1550 Park LLC
—
Deed Of Trust
related
$2,850,000 · Farhad Zaghi
—
—
1550 Park LLC
—
Deed Of Trust
related
$1,000,000 · Sci Park LLC
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?”
You own 1550 Park Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
