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    16201 Hesperian Blvd San Lorenzo, CA 94580-3153
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    Property profile & analytics

    16201 Hesperian Blvd, San Lorenzo, CA 94580-3153

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    • Apartment buildings
    • 28,240 SF
    • 1.19 lot acres
    Off-Market
    Last Sale May 24, 2022
    $873,000
    Property ID
    US09-8051888
    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.
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lorenzo Commons Apartments / Apartment Building / Apartment Complex

    Property Details for 16201 Hesperian Blvd

    Year built
    1959
    Construction
    WOOD
    Lot size
    1.19 lot acres
    Property type
    Apartment buildings
    APN
    412-39-13-2
    APU
    41239132

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 24, 2022 $875,500 Spring River Associates LLC Lorenzo Exit LLC Grant Deed —
    May 24, 2022 $873,000 State Road Holdings LLC Lorenzo Exit LLC Grant Deed —
    Mar 11, 2022 — Lorenzo Exit LLC Lorenzo LLC Intrafamily Transfer · related —
    Sep 2, 2021 — Lorenzo Exit LLC Lorenzo LLC Intrafamily Transfer · related —
    Apr 30, 2018 — Lorenzo LLC — Grant Deed · related $12.3M · Berkeley Point Cap
    May 18, 2000 — Lorenzo LLC — Deed Of Trust · related $4.3M · Wells Fargo Bank
    Apr 6, 2000 — Lorenzo LLC Yee,phillips & Lonnie Grant Deed · related —
    Mar 15, 2000 $27,000 Heritage Pines Associates Johnson,magda Grant Deed —
    Sep 30, 1993 — Phillips Yee — Quit Claim Deed · related $2.7M · Fremont Bank
    Feb 1, 1989 $3,703,500 Phillips Yee Carr,d.&l. Grant Deed $3.2M · Individual
    — — Phillips Yee — Deed Of Trust · related $400k · Barbary Coast National Bank
    — — Lorenzo LLC — Deed Of Trust · related $7M · Berkshire Mortgage Finance Co
    — — Lorenzo LLC — Deed Of Trust · related $6.3M · Deutsche Bank Berkshire Mtg

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $745,000
      ML approach
      $890,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Lorenzo
    County
    Alameda
    State
    California
    Longitude
    -122.125
    Latitude
    37.6764
    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
    $90,201
    $1,954,848
    $3,634,630
    $5,589,478
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,080,000
      6,000 SF

      881 A St

      APARTMENT HOUSE (5+ UNITS)
      881 A St, San Lorenzo, CA 94580
      View Details
    • Value Estimation
      $8,890,000
      52,744 SF

      16183 Ashland Ave

      APARTMENT HOUSE (5+ UNITS)
      16183 Ashland Ave, San Lorenzo, CA 94580-1115
      View Details
    • Value Estimation
      $2,455,000
      17,435 SF

      907 Elgin St

      APARTMENT HOUSE (5+ UNITS)
      907 Elgin St, San Lorenzo, CA 94580-1280
      View Details
    • Value Estimation
      $835,000
      5,360 SF

      232 Albion Ave

      APARTMENT HOUSE (5+ UNITS)
      232 Albion Ave, San Lorenzo, CA 94580-1676
      View Details
    • Value Estimation
      $2,100,000
      3,749 SF

      467 Albion Ave

      APARTMENT HOUSE (5+ UNITS)
      467 Albion Ave, San Lorenzo, CA 94580-1605
      View Details
    • Value Estimation
      $1,440,000
      10,134 SF

      103 Lewelling Blvd

      APARTMENT HOUSE (5+ UNITS)
      103 Lewelling Blvd, San Lorenzo, CA 94580-1786
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,578 SF

      San Lorenzo 7-Unit Apartment Complex

      Well-maintained 7-unit apartment complex in central San Lorenzo.
      15609 Ronda St, San Lorenzo, CA 94580
      View Details
    • Contact for pricing

      Development Opportunity in Downtown Benicia

      Vacant lot suitable for high-density residential or mixed-use development.
      100 H St, Benicia, CA 94580
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      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
      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
    • Contact for pricing

      Industrial Yard with Shop

      Large fenced yard with industrial shop near Oakland Airport.
      16520 Worthley Dr, 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
    • Contact for pricing
      8,000 SF

      San Lorenzo Industrial Building Available

      8,000 SF industrial building with secured yard for lease.
      16440 Ashland Ave, San Lorenzo, CA 94580
      View Details
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    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
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