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Property profile & analytics
OFF-MARKET
Estimated value
$26,230,000
Flex space
1950 Marina Blvd San Leandro, CA 94577-3207
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8272786
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1950
Construction
TILT-UP CONCRETE
Total area
104,120 SF
Lot
5 ac (217,802 SF)
APN
77A-700-2
UPID
US09-8272786
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.18M
Comparable Approach
Comparable
$33.65M
Blend (final)
Blend
$26.23M
Owner & transaction history
Elevate Propco V LLC · 5 yrs held
Elevate Propco V LLC
since 2021
Last sale
$23.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$41.2M
+91.4%
Office building
$34.6M
+60.8%
Auto repair, garage
$34.4M
+60.0%
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 San Leandro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Leandro 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
$30,520,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,770,000
6.5%
$19,175,000
7%
$17,805,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$21,505,000
Current use
MEDICAL BUILDING
$41,165,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$34,570,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$34,405,000
Change: +60% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$30,425,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$30,210,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$26.23M
Range $23.61M – $28.85M · ±10% · vs last sale $23.90M (Jun 1 2021)
Last sale anchor
$23.90M
Jun 1 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
$252 / 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
$310,269
Tax year 2024
Assessed value
$25,150,440
Assessed 2024
Previous assessed
$25,150,440
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$10,399,760
Assessed improvement
$14,750,680
Applied tax rate
10.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
104,120 SF
Lot
5 ac (217,802 SF)
APN
77A-700-2
UPID
US09-8272786
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
INDUSTRIAL (GENERAL) Current
Est. value
$21.5M
MEDICAL BUILDING
Est. value
$41.2M
OFFICE BUILDING
Est. value
$34.6M
AUTO REPAIR, GARAGE
Est. value
$34.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$30.4M
COMMERCIAL (GENERAL)
Est. value
$30.2M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
5 ac
Current owner
From public records · entity-resolved
Elevate Propco V LLC
Entity
Mailing address
180 SUTTER ST #400, SAN FRANCISCO, CA 94104-4007
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
—
Elevate Propco V LLC
—
Deed
related
$180,500,000 · Bank Of America NA
Jun 1, 2021
$23,900,000
Elevate Propco V LLC
Lift 1950 Marina LLC
Grant Deed
$180,500 · Bank Of America NA
Oct 29, 2019
$13,300,000
Lift 1950 Marina LLC
Noble A Birdsey
Grant Deed
—
Sep 13, 2010
—
Noble A Birdsey
Birdsey Jean D Trust
Quit Claim Deed
related
—
Dec 10, 2009
—
Birdsey Jean D Trust
Birdsey Jean D Trust
Quit Claim Deed
related
—
Dec 27, 2006
—
Noble A Birdsey
Owner,record
Grant Deed
related
—
Feb 15, 2000
—
Noble A Birdsey
Birdsey Trust
Quit Claim Deed
related
$115,000 · Seller
Jul 25, 1994
—
Jean D Birdsey
Birdsey Trust
Quit Claim Deed
related
—
Jul 25, 1994
$111,500
Birdsey,noble A
Birdsey,jean D
Trustees Deed
related
$111,500 · Seller
Sep 29, 1993
—
Noble Birdsey
Birdsey,jean D T
Quit Claim Deed
related
—
Oct 8, 1992
—
Jean D Birdsey Trust
Andre,j.
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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