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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Retail space
1637 23rd St San Pablo, CA 94806-4826
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0443408
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1913
Total area
2,552 SF
Lot
0.25 ac (10,960 SF)
APN
410-282-020-8
UPID
US09-0443408
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
$825k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$810k
Owner & transaction history
Zaki Nawabi Hamasa · 4 yrs held
Zaki Nawabi Hamasa
since 2022
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$925,000
+90.5%
Commercial (general)
$720,000
+48.3%
Auto repair, garage
$660,000
+35.4%
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 San Pablo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Pablo 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
$815,000
ML approach
$825,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
RETAIL STORES
$485,000
Current use
MEDICAL BUILDING
$925,000
Change: +91% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$660,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $1.00M (Mar 29 2022)
Last sale anchor
$1.00M
Mar 29 2022
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
$317 / 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
$15,407
Tax year 2024
Assessed value
$1,040,400
Assessed 2024
Previous assessed
$1,040,400
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$416,160
Assessed improvement
$624,240
Applied tax rate
11.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1913
Heating
NONE
Buildings
3
Stories
1
Units
1
Rooms
1
Total area
2,552 SF
Lot
0.25 ac (10,960 SF)
APN
410-282-020-8
UPID
US09-0443408
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$485,000
MEDICAL BUILDING
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$660,000
OFFICE BUILDING
Est. value
$630,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1913
Heating
NONE
Stories
1
Buildings
3
Units
1
Rooms
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Zaki Nawabi Hamasa
Individual
Mailing address
3763 JEFFERSON ST, TURLOCK, CA 95382-8830
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
—
Zaki Nawabi Hamasa
Nawabi S Corp
Grant Deed
—
Mar 29, 2022
$1,000,000
R & A Retail INC
Zaki Nawabi Hamasa
Grant Deed
$1,400,000 · Stone Bank
Dec 12, 2018
$795,000
Nawabi S Corp
Ahmed S Dobashi
Grant Deed
$1,052,000
Apr 25, 2018
—
Ahmed S Dobashi
Ahmed Dobashi
Intrafamily Transfer
related
$285,000 · Wells Fargo Bank NA
Dec 18, 2003
—
Ahmed Dobashi
Dobashi,aailah
Quit Claim Deed
related
$374,500 · East West Bank
Jun 16, 1999
$105,000
Ahmed S Dobsahi
Ellis,john E
Grant Deed
$100,000 · Seller
Jan 10, 1997
$102,500
John S Ellis
Doidge,james A
Grant Deed
$59,500 · Individual
—
—
Ahmed Dobashi
—
Deed Of Trust
related
$185,000 · East West Bank
—
—
Ahmed Dobashi
—
Deed Of Trust
related
$952,000 · East West Bank
—
—
John Ellis
—
Deed Of Trust
related
$18,000 · Venice Mortgage Co INC
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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