Entity Owned 
For Sale
1 / 10
$2,350,000
1840 4Th St, Livermore, CA 94550
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Property summary
AI-generated overview
This two-story, 5,512-square-foot Class B medical office building in downtown Livermore, CA, is available for $2,490,000. Located at 1840 Fourth Street (APN 97-28-4-1), this highly visible property boasts abundant off-street parking and a modern elevator. Currently 48% occupied, the building features a long-term net lease (NNN) with a 5-year term expiring September 30, 2025, and includes two five-year lease options. The first floor is currently leased, with annual rental increases built into the agreement. The upper floor is available for lease or owner-occupancy. The property sits on a 10,000-square-foot lot and offers multiple private entrances for each suite. Permitted uses include medical/dental, business, professional, governmental, and personal service uses (day spa, hair salon, etc.), as well as residential. Its central downtown location provides easy access to shopping, dining, and Highway 580. This presents a compelling opportunity for both owner-users and investors seeking a well-located, versatile medical office building in a thriving California market. Built in 2005, the property is zoned DSP.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
WOOD
Total area
6,487 SF
Lot
0.23 ac (10,000 SF)
APN
97-28-4-1
UPID
US09-8327737
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dental Office
-
Hardware & Home Improvement Interior Design
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$2.02M
Owner & transaction history
since 2021
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Restaurant
$3.3M
+79.8%
Neighborhood: shopping center
$2.8M
+51.7%
Medical building
$2.6M
+41.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
8 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.02M
Value range
$1.81M – $2.22M
±10% around blend
Estimated value / SF
$311 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
30
Income certainty
100
$1.81M
blend $2.02M
$2.22M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,487 SF
Lot area
0.23 ac
Year built
2004
Stories
2
APN
97-28-4-1
Assessed value
$2,184,840
Annual tax
$24,979
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.02M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.19M
@ 6.5% CAP return
$2.02M
@ 7% CAP return
$1.88M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$24,979
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$780k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
26.7 mi away · 5,760 SF
30.2 mi away · 5,828 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 632 sales
$280
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $311/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+80%
vs current-use indication
Neighborhood: Shopping Center
Medical Building
Office Building
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
6.50%
Selected cap rate for this commercial real estate
Derived from the Livermore market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.50%
9.0%
NOI (est.)
$111k *
Last sale · Nov 2021
$2.10M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.71M
Move the market yield to see immediate price impact.
Value / SF
$264
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.00%6.50%7.00%
$100k
$1.67M
$1.54M
$1.43M
$111k
$1.86M
$1.71M
$1.59M
$123k
$2.04M
$1.89M
$1.75M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$710k
22.9 mi · Oct 2025 · $102/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,979
Tax year 2023
Assessed value
$2,184,840
Assessed 2024
Previous assessed
$2,142,000
+2.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$312,120
Assessed improvement
$1,872,720
Applied tax rate
16.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2004
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Rooms
5
Bathrooms
1
Total area
6,487 SF
Lot
0.23 ac (10,000 SF)
APN
97-28-4-1
UPID
US09-8327737
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Rooms
5
Bathrooms
1
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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