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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Investment properties
1607 2nd Ave Oakland, CA 94606-1713
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-9302883
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1916
Construction
WOOD
Total area
8,709 SF
Lot
0.12 ac (5,405 SF)
APN
20-182-3
UPID
US09-9302883
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
-
Trilllogy Tattoo & Body Piercing Medical Clinic Skin Care Clinic
-
Trilllogy Tattoo and Piercing Tattoo & Piercing Shop
-
Perforation Tattoo & Piercing Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.11M
Owner & transaction history
1067 72nd Ave LLC · 11 yrs held
1067 72nd Ave LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+32.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,240,000
Current use
AUTO REPAIR, GARAGE
$1,635,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$127 / 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
$22,056
Tax year 2023
Assessed value
$1,409,766
Assessed 2024
Previous assessed
$1,382,125
+2.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$362,172
Assessed improvement
$1,047,594
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1916
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
17
Total area
8,709 SF
Lot
0.12 ac (5,405 SF)
APN
20-182-3
UPID
US09-9302883
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
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1916
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
17
Lot
0.12 ac
Current owner
From public records · entity-resolved
1067 72nd Ave LLC
Entity
Mailing address
425 7TH STA, OAKLAND, CA 94607-3911
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2018
—
1607 2nd Ave LLC
—
Deed
related
$2,069,000 · Opus Bank
Jan 23, 2015
—
1067 72nd Ave LLC
1607 2nd Ave LLC
Quit Claim Deed
related
—
Jul 17, 2012
$1,168,000
Avenue 1607 2nd
Wfgp LLC
Grant Deed
—
Dec 9, 2011
—
Macarthur LLC
Rgg LLC
Grant Deed
—
Aug 29, 2005
—
Rgg LLC
Rogers,latwuania S
Grant Deed
—
Jul 26, 2005
—
Latwuania S Rogers
Usen,ime
Grant Deed
related
—
Jul 25, 2005
—
Ime Usen
Solomon,prince
Grant Deed
—
Sep 2, 2003
—
Prince Solomon
Solomon,gloria
Quit Claim Deed
related
—
Sep 2, 2003
$479,500
Prince Solomon
Jzegbu,marcel
Grant Deed
$959,000 · Jackson Federal Bank
Apr 16, 2003
—
Prince Solomon
Uzegbu,marcel
Grant Deed
related
—
Sep 11, 2001
—
Marcel Uzegbu
Uzegbu,patricia
Quit Claim Deed
related
—
Sep 11, 2001
$828,000
Marcel Uzegbu
Igweka,chinazam
Grant Deed
$550,000 · Hrf Mortgage
Jun 20, 2000
—
Chinazam Igweka
Smock,cecelia E
Grant Deed
related
—
Sep 29, 1997
$400,000
Cecilla E Smock
Delucchi,john S & Darlene C
Grant Deed
—
—
—
Cecilia E Smock
—
Deed Of Trust
related
$30,000 · Hrf Mortgage
—
—
Rgg LLC
—
Deed Of Trust
related
$700,000 · Mechanics Bank
—
—
Jwi Investment Corp
—
Deed Of Trust
related
$80,000 · Wilson Young
—
—
Marcel Uzegbu
—
Deed Of Trust
related
$30,000 · J Fj F Steward LLC
—
—
Chinazam Igweka
—
Deed Of Trust
related
$5,000 · Hrf Mortgage
—
—
Chinazam Igweka
—
Deed Of Trust
related
$23,500 · Joyfull House LLC
—
—
Marcel Uzegbu
—
Deed Of Trust
related
$13,225 · Wilson
—
—
Marcel Uzegbu
—
Deed Of Trust
related
$60,000 · Ena & Francis
—
—
Marcel Uzegbu
—
Deed Of Trust
related
$23,500 · Joyful House LLC
—
—
John S Delucchi
—
Deed Of Trust
related
$140,000 · World Savings & Loan
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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