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Property profile & analytics
FOR LEASE
Super regional malls
1551 Sycamore Ave Hercules, CA 94547
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1533359
For Lease
1 / 2
$8,210,000
1551 Sycamore Ave, Hercules, CA 94547
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1984
Total area
31,631 SF
Lot
4.46 ac (194,277 SF)
APN
406-140-003-4
UPID
US09-1533359
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
$8.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.21M
Owner & transaction history
North First Street Props LP · 14 yrs held
North First Street Props LP
since 2012
6 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 Hercules submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hercules 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%
$9,420,000
6.5%
$8,695,000
7%
$8,075,000
Blend value · Realmo final
$8.21M
Range $7.39M – $9.03M · ±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
$260 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$95,106
Tax year 2024
Assessed value
$6,633,542
Assessed 2024
Previous assessed
$6,633,542
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$3,982,402
Assessed improvement
$2,651,140
Applied tax rate
4.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1984
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
31,631 SF
Lot
4.46 ac (194,277 SF)
APN
406-140-003-4
UPID
US09-1533359
Jurisdiction
CONTRA COSTA
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
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
4.46 ac
Current owner
From public records · entity-resolved
North First Street Props LP
Entity
Free & Clear · 14 yrs held
Mailing address
1122 WILLOW ST STE #200, SAN JOSE, CA 95125-3103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2012
—
North First Street Props LP
Brandenburg Trust
Grant Deed
—
Apr 4, 2012
—
Nfsp Manangement LLC
Brandenburg Eric Trust
Grant Deed
—
Feb 21, 2012
$17,000
Brandenburg Eric Trust
Brandenburg Trust
Grant Deed
related
—
Dec 20, 2011
—
Brandenburg Trust
North First Street Properties
Grant Deed
—
Jul 8, 2004
—
North First Street Propertis
Lucky Stores INC
Grant Deed
related
—
Nov 16, 1982
—
Owner Name Unavailable
—
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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