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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Office buildings
2 Bates Blvd Orinda, CA 94563-2804
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2595303
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Total area
1,961 SF
Lot
1.05 ac (45,607 SF)
Zoning code
O1
APN
268-011-008-3
UPID
US09-2595303
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
-
RWM Insurance Insurance Agency
-
Farmers Insurance - Pete Haughey Insurance Agency
-
Druch Darya Law Firm
-
JR Insurance Insurance Agency
-
Quay Partners US Inc Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$520k
Blend (final)
Blend
$500k
Owner & transaction history
Robert J Moody · 2 yrs held
Robert J Moody
since 2023
6 recorded transactions
Zoning & alternative use
O1 · Orinda, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$710,000
+5.7%
Commercial (general)
$685,000
+1.3%
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 Orinda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orinda 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
by Request
ML approach
$400,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$580,000
7%
$540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$675,000
Current use
MEDICAL BUILDING
$710,000
Change: +6% · Conversion: Easy
COMMERCIAL (GENERAL)
$685,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
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
$255 / 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
$9,406
Tax year 2024
Assessed value
$479,484
Assessed 2024
Previous assessed
$479,484
+0.0% YoY
Effective rate
1.96%
On assessed value
Assessed land
$242,214
Assessed improvement
$237,270
Applied tax rate
18.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
1956
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
1,961 SF
Lot
1.05 ac (45,607 SF)
Zoning code
O1
APN
268-011-008-3
UPID
US09-2595303
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
O1 · Orinda, CA
Zoning O1 · permitted uses
O1 · Orinda, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orinda. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$675,000
MEDICAL BUILDING
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$685,000
OFFICE BUILDING Current
MEDICAL BUILDING
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
1956
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Robert J Moody
Individual
Mailing address
2 BATES BLVD, ORINDA, CA 94563-2804
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
—
Robert J Moody
Cathy Lee Merrill
Quit Claim Deed
related
—
Jan 31, 1977
—
—
—
Grant Deed
related
—
—
—
Robert J Moody
—
Deed Of Trust
related
$230,000 · Wells Fargo Bank
—
—
Robert J Moody
—
Deed Of Trust
related
$250,000 · Westamerica Bank
—
—
Robert J Moody
—
Deed Of Trust
related
$161,000 · Bank Of The West
Dec 8, 1969
—
Owner Name Unavailable
—
Grant 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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