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Property profile & analytics
FOR LEASE
Office buildings
1970 Broadway Oakland, CA 94612
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-6544695
For Lease
1 / 3
$15,025,000
1970 Broadway, Oakland, CA 94612
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1971
Construction
CONCRETE
Total area
155,952 SF
Lot
0.46 ac (20,100 SF)
APN
8-638-1
UPID
US09-6544695
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
-
The Ward Firm Law Firm
-
Crosby & Kaneda, CPAs LLP Accounting Firm
-
Law Office of Robert Raich Law Firm
-
Maier Pfeffer Kim Geary & Cohen LLP Law Firm
-
Charles Bendes Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.03M
Owner & transaction history
Tower Building Investors · 14 yrs held
Tower Building Investors
since 2011
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$96 / 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
$315,192
Tax year 2023
Assessed value
$19,703,920
Assessed 2024
Previous assessed
$19,317,641
+2.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$6,772,535
Assessed improvement
$12,931,385
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
For Lease
Year built
1971
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
12
Units
1
Total area
155,952 SF
Lot
0.46 ac (20,100 SF)
APN
8-638-1
UPID
US09-6544695
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
1971
Construction
CONCRETE
Heating
NONE
Stories
12
Buildings
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Tower Building Investors
Individual
Mailing address
1970 BROADWAY STE #810, OAKLAND, CA 94612-2220
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2021
—
Tower Building Investors
—
Deed
related
$2,400,000 · Bank Of The West
Aug 11, 2016
—
Tower Building Investors
—
Deed
related
$2,400,000 · Bank Of The West
Oct 14, 2011
$5,500,000
Tower Building Investors
Wells Fargo Bk NA
Grant Deed
—
Oct 14, 2011
—
Tower Building Investors
—
Deed Of Trust
related
$12,500,000 · Bank Of The West
Sep 29, 1994
—
Tower Building Investors
Aetna Life Insurance Co
Grant Deed
$6,075,000 · Sanwa Bank California
Jul 10, 1992
—
Aetna Life Insurance Co
Rand Potts Trust
Quit Claim Deed
related
—
—
—
Tower Building Investors
—
Deed Of Trust
related
$12,600,000 · Bank Of The West
—
—
Tower Building Investors
—
Deed Of Trust
related
$2,400,000 · Bank Of The West
—
—
Building L Tower
—
Deed Of Trust
related
$16,000 · Aetna Casualty & Surety Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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