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Property profile & analytics
FOR LEASE
Parking lots & garages
1901 Franklin St Oakland, CA 94612
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6794096
For Lease
1 / 2
$14,350,000
1901 Franklin St, Oakland, CA 94612
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1987
Construction
CONCRETE
Total area
255,098 SF
Lot
0.64 ac (27,900 SF)
APN
8-638-6-4
UPID
US09-6794096
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
-
Elizabeth T. Leong, RD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.83M
Blend (final)
Blend
$14.35M
Owner & transaction history
1950 Franklin Street LLC · 1 yrs held
1950 Franklin Street LLC
since 2024
Last sale
$14.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Oakland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland 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
$14,350,000
ML approach
$14,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.35M
Range $12.92M – $15.79M · ±10% · vs last sale $14.35M (Sep 10 2024)
Last sale anchor
$14.35M
Sep 10 2024
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
$56 / 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
$274,434
Tax year 2023
Assessed value
$19,476,629
Assessed 2024
Previous assessed
$19,094,784
+2.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$2,015,442
Assessed improvement
$17,461,187
Applied tax rate
17.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
1987
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
6
Total area
255,098 SF
Lot
0.64 ac (27,900 SF)
APN
8-638-6-4
UPID
US09-6794096
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
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
NONE
Stories
6
Buildings
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
1950 Franklin Street LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1800 HARRISON ST #6, OAKLAND, CA 94612-3466
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 10, 2024
$14,350,000
1950 Franklin Street LLC
Kaiser Foundation Health Plan INC
Grant Deed
—
Dec 27, 2017
—
19th & Bway Associates LLC
19th & Bway Associates LLC
Quit Claim Deed
related
—
Aug 1, 2014
$3,586,500
19th & Bway Associates LLC
Jackson Center Two LLC
Grant Deed
—
Sep 25, 1985
—
Foundation Health Plan Kaiser
—
Warranty 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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