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Property profile & analytics
OFF-MARKET
Estimated value
$5,420,000
Investment properties
1700 Park St, Alameda, CA 94501-1571
Trust Owned
10-yr Hold
Free & Clear
Property ID
US09-8185007
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1948
Construction
TILT-UP CONCRETE
Total area
25,078 SF
Lot
0.78 ac (34,075 SF)
APN
70-192-24-1
UPID
US09-8185007
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
-
Crispian Bakery Bakery Specialty Food Shop
-
Chloe Lankshear Therapy Psychotherapist Service Establishment
-
Jessica Jones MFT Intern Family Counselor
-
Alameda Physical Therapy Medical Clinic
-
Sarah Nobusada-Flynn Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$5.42M
Owner & transaction history
Phua-lee Family Living Trust · 10 yrs held
Phua-lee Family Living Trust
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.1M
+19.1%
Apartment house (5+ units)
$7.5M
+11.3%
Retail stores
$7.1M
+5.0%
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 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
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)
$6,780,000
Current use
AUTO REPAIR, GARAGE
$8,075,000
Change: +19% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,545,000
Change: +11% · Conversion: Moderate
RETAIL STORES
$7,115,000
Change: +5% · Conversion: Easy
OFFICE BUILDING
$6,830,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$5.42M
Range $4.88M – $5.96M · ±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
$216 / 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
$127,723
Tax year 2023
Assessed value
$8,524,981
Assessed 2024
Previous assessed
$8,357,868
+2.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$1,822,082
Assessed improvement
$6,702,899
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
9
Total area
25,078 SF
Lot
0.78 ac (34,075 SF)
APN
70-192-24-1
UPID
US09-8185007
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
$6.8M
AUTO REPAIR, GARAGE
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.5M
RETAIL STORES
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
9
Lot
0.78 ac
Current owner
From public records · entity-resolved
Phua-lee Family Living Trust
Trust
Free & Clear · 10 yrs held
Mailing address
PO BOX 10664, OAKLAND, CA 94610-0664
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
—
Park Vista Square LLC
—
Deed
related
$4,000,000 · Heritage Bank Of Commerce
Sep 16, 2015
—
Phua-lee Family Living Trust
Phua-lee Family Trust
Quit Claim Deed
related
—
Aug 1, 2014
—
Park Vista Square LLC
Phua-lee Family Trust
Quit Claim Deed
—
Sep 14, 2007
$4,000,000
Phua-lee Family Living Trust
Cavanaugh D M & J C Trust
Grant Deed
$2,000,000 · Cavanaugh D M & J C Trust
Sep 14, 2007
—
Lee R Cavanaugh
Cavanaugh,leola I
Affidavit Of Death
related
—
Dec 23, 1996
—
Cavanaugh Trust
Cavanaugh Trust
Quit Claim Deed
related
—
Sep 15, 1992
—
Cavanaugh Lee Trustee
Cavanaugh,lee 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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