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Property profile & analytics
OFF-MARKET
Estimated value
$2,235,000
Warehouses
16440 Ashland Ave, San Lorenzo, CA 94580-1202
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7368192
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Construction
TILT-UP CONCRETE
Total area
8,000 SF
Lot
0.43 ac (18,542 SF)
APN
80C-493-2-6
UPID
US09-7368192
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
-
Genesis Developmental Services Adult Day Care
-
Rooter Hero Plumbing & Air of San Lorenzo Plumbing Service General Contractor
-
Frontline General Engineering Construction General Contractor
-
National Truck And Bus Driving School Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.22M
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.24M
Owner & transaction history
Satinderbir Sandhu · 5 yrs held
Satinderbir Sandhu
since 2021
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.4M
+112.0%
Medical building
$3.2M
+97.3%
Office building
$2.7M
+69.2%
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 San Lorenzo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Lorenzo 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
$2,150,000
ML approach
$2,215,000
CAP Approach
CAP Return
Estimation
6%
$2,035,000
6.5%
$1,880,000
7%
$1,745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,605,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,400,000
Change: +112% · Conversion: Moderate
MEDICAL BUILDING
$3,165,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$2,715,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,575,000
Change: +61% · Conversion: Easy
RETAIL STORES
$2,270,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,240,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$2.24M
Range $2.01M – $2.46M · ±10% · vs last sale $2.40M (May 5 2021)
Last sale anchor
$2.40M
May 5 2021
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
$279 / 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
$27,005
Tax year 2024
Assessed value
$2,223,214
Assessed 2024
Previous assessed
$2,223,214
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$636,720
Assessed improvement
$1,586,494
Applied tax rate
80.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
0
Total area
8,000 SF
Lot
0.43 ac (18,542 SF)
APN
80C-493-2-6
UPID
US09-7368192
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
WAREHOUSE, STORAGE Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1962
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
0
Lot
0.43 ac
Current owner
From public records · entity-resolved
Satinderbir Sandhu
Individual
Free & Clear · 5 yrs held
Mailing address
34519 TORREY PNE LN, UNION CITY, CA 94587-8066
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2021
$2,395,000
Satinderbir Sandhu
Hovhov Holdings LLC
Grant Deed
—
Nov 13, 2020
$1,860,000
Hovhov Holdings LLC
Steven Loux
Grant Deed
$1,581,000 · Us Metro Bank
Aug 4, 2003
—
Howell-loux,tr
Howell-loux,tr
Quit Claim Deed
related
—
Apr 20, 1994
—
Howell Trust
Howell Trust
Quit Claim Deed
related
—
Feb 22, 1994
—
Howell Trust
Howell,walter R
Quit Claim 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.
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