Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1951 2nd St Livermore, CA 94550
    Back to Search
    Property profile & analytics

    1951 2nd St, Livermore, CA 94550

    View on Map
    • Strip malls
    • 41,525 SF
    • 1.38 lot acres
    Off-Market
    Property ID
    US09-8374815
    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.
    Value Estimations
    $6,570,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1951 2nd St

    Year built
    1959
    Construction
    TILT-UP CONCRETE
    Lot size
    1.38 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    97-20-7-4
    APU
    972074

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 15, 2024 — Eden Plaza LLC — Deed · related $3.7M · Us Bank NA
    Dec 22, 2016 — Eden Plaza LLC — Deed · related $4.1M · Mufg Union Bank NA
    Mar 27, 2008 — Eden Plaza LLC Ku,jay H & Kyoung J Grant Deed $6.4M · Union Bank Of California
    Jul 31, 2006 — Eden Plaza LLC Ku,eugene E Grant Deed —
    Apr 29, 2005 — Jay H Ku Hara Family Trust Grant Deed —
    Jan 29, 2002 $4,150,000 Hara Trust Apte,robert Z & Evelyn L Grant Deed $3M · Affinity Bank
    Oct 23, 2000 — Robert Z Apte Family Ptshp LP Apte Quit Claim Deed · related —
    Mar 10, 2000 — Apte Trust Apte Trust Quit Claim Deed · related —
    Jun 13, 1984 — — — Grant Deed · related —
    — — Eden Plaza LLC — Deed Of Trust · related $4.1M · Mufg Union Bk NA
    — — Jay A Ku — Deed Of Trust · related $5.2M · Washington Mutual Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Livermore
    County
    Alameda
    State
    California
    Longitude
    -121.771
    Latitude
    37.6796
    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
    $112,273
    $2,907,809
    $6,899,340
    $9,807,149
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,265,000
      36,569 SF

      175 Vineyard Ave

      SHOPPING CENTER, STRIP CENTER
      175 Vineyard Ave, Livermore, CA 94550-6303
      View Details
    • Value Estimation
      $3,190,000
      27,063 SF

      2390 Pacific Ave

      SHOPPING CENTER, STRIP CENTER
      2390 Pacific Ave, Livermore, CA 94550
      View Details
    • Value Estimation
      $1,240,000
      6,067 SF

      381 L St

      SHOPPING CENTER, STRIP CENTER
      381 L St, Livermore, CA 94550
      View Details
    • Value Estimation
      $2,155,000
      15,824 SF

      3070 Pacific Ave

      SHOPPING CENTER, STRIP CENTER
      3070 Pacific Ave, Livermore, CA 94550-4817
      View Details
    • Value Estimation
      $1,765,000
      12,640 SF

      1601 Railroad Ave

      SHOPPING CENTER, STRIP CENTER
      1601 Railroad Ave, Livermore, CA 94550-3128
      View Details
    • Value Estimation
      $3,200,000
      24,150 SF

      2930 Pacific Ave

      SHOPPING CENTER, STRIP CENTER
      2930 Pacific Ave, Livermore, CA 94550-4815
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,788 SF

      Winery Row Mixed-Use Opportunity

      Unique wine country property with multiple income streams and expansion potential.
      5143 Tesla Rd, Livermore, CA 94550
      View Details
    • Contact for pricing
      4,230 SF

      Downtown Livermore Commercial Automotive Building

      Freestanding building in Downtown Livermore with redevelopment potential.
      1931 1St St, Livermore, CA 94550
      View Details
    • Contact for pricing

      Retail, Medical, Office Condo Available

      Condo with patio available for retail, medical, or office use.
      1338-1342 Concannon Blvd, Livermore, CA 94550
      View Details
    • Contact for pricing

      South Livermore Creative Space Available

      Creative medical, office, and retail spaces in South Livermore.
      1202-1440 Holmes St, Livermore, CA 94550
      View Details
    • Contact for pricing
      2,045 SF

      Renovated Retail, Office, Medical Suites

      South Livermore retail, office, and medical spaces for lease.
      1400-1422 Concannon Blvd, Livermore, CA 94550
      View Details
    • Contact for pricing
      1,750 SF

      South Livermore Retail/Office/Medical Space

      Creative medical, office, and retail space in South Livermore.
      1332-1372 Concannon Blvd, Livermore, CA 94550
      View Details

    Similar Nearby for Lease

    • $48 SF/Yr
      91,673 SF

      Portola Village Retail Center

      Grocery-anchored center; spaces available.
      0 Livermore Ave And Portola Ave, Livermore, CA 94550
      View Details
    • Contact for pricing
      900 SF

      Retail Space in Livermore Center

      Retail space available in active Livermore neighborhood shopping center.
      847 E Stanley Blvd, Livermore, CA 94550
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Livermore Center

      Retail space available in a shopping center anchored by Trader Joe's.
      1002-1122 E Stanley Blvd, Livermore, CA 94550
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Livermore Center

      Retail space available in a busy Livermore shopping center.
      1332 Railroad Ave, Livermore, CA 94550
      View Details
    • Contact for pricing
      1,020 SF

      Retail Space in Livermore Center

      Retail space available in dominant neighborhood shopping center.
      968-983 Murrieta Blvd, Livermore, CA 94550
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Livermore Center

      Retail space available in a Livermore shopping center.
      1332-1344 Railroad Ave, Livermore, CA 94550
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1951 2nd St
    Livermore, CA 94550
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1951 2nd St, Livermore, CA, 94550
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!