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

    15609 Ronda St San Lorenzo, CA 94580

    • Apartment buildings
    • 4,578 SF
    • 0.17 lot acres
    For Sale
    View listing
    $2,100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7953565
    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

    • Apartment buildings

    Property Details for 15609 Ronda St

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    4,578 SF
    Property type
    Apartment buildings
    APN
    413-93-5
    APU
    413935

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $636,000
      Market price range: $636k - $1.63M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Lorenzo
    County
    Alameda
    State
    California
    Longitude
    -122.127
    Latitude
    37.6862
    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
    $7,772
    $194,342
    $111,440
    $305,782
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,655,000
      11,784 SF

      9 Lewelling Blvd

      APARTMENT HOUSE (5+ UNITS) • 11,784 SF
      9 Lewelling Blvd, San Lorenzo, CA 94580-1760
      View Details
    • Value Estimation
      $835,000
      5,360 SF

      238 Albion Ave

      APARTMENT HOUSE (5+ UNITS) • 5,360 SF
      238 Albion Ave, San Lorenzo, CA 94580-1678
      View Details
    • Value Estimation
      $860,000
      5,620 SF

      16005 Mateo St

      APARTMENT HOUSE (5+ UNITS) • 5,620 SF
      16005 Mateo St, San Lorenzo, CA 94580
      View Details
    • Value Estimation
      $970,000
      5,360 SF

      226 Albion Ave

      APARTMENT HOUSE (5+ UNITS) • 5,360 SF
      226 Albion Ave, San Lorenzo, CA 94580-1674
      View Details
    • Value Estimation
      $1,085,000
      0.02 Acres

      Marcella St

      APARTMENT HOUSE (5+ UNITS) • 0.02 Acres
      Marcella St, San Lorenzo, CA 94580
      View Details
    • Value Estimation
      $845,000
      28,240 SF

      16201 Hesperian Blvd

      APARTMENT HOUSE (5+ UNITS) • 28,240 SF
      16201 Hesperian Blvd, San Lorenzo, CA 94580-3153
      View Details

    Similar Nearby for Sale

    • $3,495,000

      Thirteen Cottages in San Leandro

      Thirteen units on a one-acre lot with rental upside.
      16005 Mateo St, San Leandro, CA 94580
      View Details
    • $2,900,000
      8,000 SF

      Ashland Avenue Industrial Building For Sale

      Industrial building in San Lorenzo, suitable for various uses.
      16440 Ashland Ave, San Lorenzo, CA 94580
      View Details
    • $2,100,000

      San Lorenzo Commercial Property

      Commercial property available in San Lorenzo, California.
      15609 Ronda St, San Lorenzo, CA 94580
      View Details
    • $350,000

      Downtown Benicia Development Opportunity

      Vacant lot suitable for high-density mixed-use development.
      100 H St, Benicia, CA 94580
      View Details
    • $905,000
      3,500 SF

      San Lorenzo Flex Warehouse

      3,500 SF flex warehouse with roll-up door for sale.
      San Lorenzo, CA 94580
      View Details
    • $905,000
      3,500 SF

      Flex Warehouse for Sale

      3,500 SF flex warehouse featuring roll-up door and open office.
      296 Albion Ave, San Lorenzo, CA 94580
      View Details

    Similar Nearby for Lease

    • $0.75 SF/Yr
      42,711 SF

      San Lorenzo Office Space Available

      42,711 SF office space ideal for corporate headquarters.
      2222 Grant Ave, San Lorenzo, CA 94580
      View Details
    • Contact for pricing
      2,350 SF

      Retail Strip Center For Rent

      Retail strip center with high visibility and easy access.
      17611-17715 Hesperian Blvd, San Lorenzo, CA 94580
      View Details
    • $2 SF/Yr
      1,315 SF

      San Lorenzo Office Space Available

      Office space in high-traffic area with retail and restaurant access.
      17251 Hesperian Blvd, San Lorenzo, CA 94580
      View Details
    • $0.40 SF/Yr

      Industrial Land Available For Sublease

      1.82 acre industrial land with improvements for sublease.
      15725 Railroad Ave, San Lorenzo, CA 94580
      View Details
    • Contact for pricing
      2,892 SF

      Retail Space for Lease

      Retail space available for lease in San Lorenzo, CA.
      15911-15951 Hesperian Blvd, San Lorenzo, CA 94580
      View Details
    • Contact for pricing
      15,000 SF

      Freestanding Junior Box Opportunity

      Anchor space available in high identity location with rear loading.
      15918-15928 Hesperian Blvd, San Lorenzo, CA 94580
      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.
    15609 Ronda St
    San Lorenzo, CA 94580
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.