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    Property profile & analytics

    1735 Central Ave Alameda, CA 94501-2502

    • Apartment buildings
    • 5,078 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8688713
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1735 Central Ave

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    5,078 SF
    Property type
    Apartment buildings
    APN
    72-302-8
    APU
    723028

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,225,000
      6.5%
      $1,130,000
      7%
      $1,050,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,530,000
      Current use
      AUTO REPAIR, GARAGE
      $1,635,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $1,440,000
      Change: -6% Conversion: Difficult
      OFFICE BUILDING
      $1,385,000
      Change: -9% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,375,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Alameda
    County
    Alameda
    State
    California
    Longitude
    -122.256
    Latitude
    37.7701
    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
    $16,840
    $688,500
    $1,224,000
    $1,912,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $580,000
      3,533 SF

      935 Central Ave

      APARTMENT HOUSE (5+ UNITS) • 3,533 SF
      935 Central Ave, Alameda, CA 94501-3475
      View Details
    • Value Estimation
      $1,655,000
      11,038 SF

      1907 Central Ave

      APARTMENT HOUSE (5+ UNITS) • 11,038 SF
      1907 Central Ave, Alameda, CA 94501-2673
      View Details
    • Value Estimation
      $8,655,000
      60,123 SF

      564 Central Ave

      APARTMENT HOUSE (5+ UNITS) • 60,123 SF
      564 Central Ave, Alameda, CA 94501-3743
      View Details
    • Value Estimation
      $1,585,000
      13,104 SF

      729 Central Ave

      APARTMENT HOUSE (5+ UNITS) • 13,104 SF
      729 Central Ave, Alameda, CA 94501-3868
      View Details
    • Value Estimation
      $820,000
      5,513 SF

      1827 Clinton Ave

      APARTMENT HOUSE (5+ UNITS) • 5,513 SF
      1827 Clinton Ave, Alameda, CA 94501-4101
      View Details
    • Value Estimation
      $2,370,000
      13,613 SF

      101 Crolls Gdn Ct

      APARTMENT HOUSE (5+ UNITS) • 13,613 SF
      101 Crolls Gdn Ct, Alameda, CA 94501-3881
      View Details

    Similar Nearby for Sale

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      Alameda Multifamily Investment Opportunity

      Multifamily property in a desirable location near Webster Street.
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      Alameda Multifamily Investment Opportunity

      Six-unit apartment building in Alameda with updated features.
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      Alameda Multifamily Investment Opportunity

      Five-unit property in Alameda's West End with strong returns.
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    • $2,245,000
      6,568 SF

      Mixed-Use Building in Alameda Heart

      Mixed-use building with commercial units and residential apartments in Alameda.
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      View Details
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      Six-Plex with ADU Potential

      Investment property with potential for additional units and increased income.
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    Similar Nearby for Lease

    • Contact for pricing
      6,149 SF

      Mixed-Use Development Opportunity

      Retail, residential, and office space available in Alameda, CA.
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      View Details
    • Contact for pricing
      63,000 SF

      Alameda Flex Space For Rent

      63,000 SF flex space with office in Alameda.
      2175 Monarch St, Alameda, CA 94501
      View Details
    • Contact for pricing
      25,131 SF

      Alameda Office Space For Rent

      Office building with convenient access to major transportation routes.
      2470 Mariner Square Loop, Alameda, CA 94501
      View Details
    • Contact for pricing
      9,688 SF

      Waterfront Campus Life Sciences Space

      Class A office, lab, and research space available for rent.
      1301 Marina Village Pkwy, Alameda, CA 94501
      View Details
    • Contact for pricing
      19,023 SF

      Waterfront Campus Life Sciences Space

      Premier Alameda campus with office, lab, and research space.
      1001 Marina Village Pkwy, Alameda, CA 94501
      View Details
    • Contact for pricing
      596,591 SF

      Alameda Retail Center - Prime Location

      High-traffic retail space, multiple suites available.
      2201 Shore Ctr, Alameda, CA 94501
      View Details
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    Alameda, CA 94501-2502
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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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