Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,165,000
Office buildings
1640 Loop Rd Alameda, CA 94502-7089
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-6810379
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
TILT-UP CONCRETE
Total area
50,706 SF
Lot
2.82 ac (122,691 SF)
APN
74-1339-30-1
UPID
US09-6810379
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
-
AllCells Corporate Office
-
Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Fund Association / Organization
-
Apertor Pharmaceuticals, Inc. Research And Product Development
-
LeukoLab - Alameda Medical Clinic
-
iQ Biosciences Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.12M
Blend (final)
Blend
$9.17M
Owner & transaction history
1640 South Loop Road LLC · 5 yrs held
1640 South Loop Road LLC
since 2020
Last sale
$8.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.3M
+10.4%
Retail stores
$14.4M
+4.2%
Commercial (general)
$14.1M
+2.2%
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 Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda 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
$8,800,000
ML approach
$9,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,815,000
Current use
APARTMENT HOUSE (5+ UNITS)
$15,255,000
Change: +10% · Conversion: Easy
RETAIL STORES
$14,390,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$14,120,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$9.17M
Range $8.25M – $10.08M · ±10% · vs last sale $8.55M (Nov 4 2020)
Last sale anchor
$8.55M
Nov 4 2020
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
$181 / 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
$165,814
Tax year 2023
Assessed value
$11,048,296
Assessed 2024
Previous assessed
$10,831,730
+2.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$3,926,440
Assessed improvement
$7,121,856
Applied tax rate
21.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
50,706 SF
Lot
2.82 ac (122,691 SF)
APN
74-1339-30-1
UPID
US09-6810379
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
OFFICE BUILDING Current
Est. value
$13.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.3M
RETAIL STORES
Est. value
$14.4M
COMMERCIAL (GENERAL)
Est. value
$14.1M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1996
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
2.82 ac
Current owner
From public records · entity-resolved
1640 South Loop Road LLC
Entity
Mailing address
242 CALIFORNIA ST, SAN FRANCISCO, CA 94111-4361
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
—
1640 South Loop Road LLC
—
Deed
related
$54,248,060 · Acore Capital Mortgage LP
Nov 4, 2020
$8,550,000
1640 South Loop Road LLC
Ptf Of Operating Engineers LLC
Grant Deed
$14,410,200 · Readycap Commercial LLC
Feb 16, 2006
—
Ptf Operating Engineers LLC
Owner,record
Grant Deed
related
—
Dec 24, 1998
—
Bny Western Trust Co
Wells Fargo Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1640 Loop Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
