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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Office buildings
2017 Central Ave Alameda, CA 94501-4210
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-8211471
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Construction
WOOD
Total area
4,598 SF
Lot
0.24 ac (10,375 SF)
APN
71-248-18
UPID
US09-8211471
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
-
Yu Ying Learning Center Training Center Tutoring Service
-
Yu Ying Learning Center, 2017 Central Ave Campus High School
-
The Wellness Center Gym & Fitness Center Alternative Medicine Practice
-
Kids On the Move Child Welfare Organization Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Hengfeier Family Trust · 7 yrs held
Hengfeier Family Trust
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+18.2%
Retail stores
$1.3M
+4.2%
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 Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,255,000
Current use
AUTO REPAIR, GARAGE
$1,480,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,305,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,245,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±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
$233 / 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
$32,388
Tax year 2023
Assessed value
$2,405,985
Assessed 2024
Previous assessed
$2,358,817
+2.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$962,394
Assessed improvement
$1,443,591
Applied tax rate
21.0000
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
1910
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Units
1
Rooms
15
Bathrooms
2
Total area
4,598 SF
Lot
0.24 ac (10,375 SF)
APN
71-248-18
UPID
US09-8211471
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
OFFICE BUILDING Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1910
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Units
1
Rooms
15
Bathrooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Hengfeier Family Trust
Trust
Mailing address
1801 CAMBRIDGE DR, ALAMEDA, CA 94501-1615
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2019
$2,200,000
Hengfeier Family Trust
2017 Central Alameda LLC
Grant Deed
$1,854,800 · Jpmorgan Chase Bank NA
Nov 9, 2015
$1,300,000
2017 Central Alameda LLC
Tullius Law Group|abaco Investments LLC
Trustees Deed
related
—
Dec 2, 2005
—
Abaco Investments LLC
Doan,teresita
Grant Deed
$1,259,500 · Wachovia Com'l Mtg
Aug 18, 2005
$1,500,000
Abaco Investments LLC
Bertram,jack R & Sylvia J
Grant Deed
$1,350,000 · Jack R & Sylvia J Bertram
Mar 10, 2005
—
Jack R Bertram
Barnes D G 1991 Trust
Grant Deed
related
—
Mar 25, 2003
—
Barnes,tr
Bertram,jack R & Sylvia J
Grant Deed
related
—
Jan 23, 2003
$215,500
Jack R Bertram
Jack,r Est
Grant Deed
related
$646,525 · Downey S & L (wholesale)
Apr 6, 2001
—
Dolores G Barnes
Bertram,jack R & Sylvia J
Grant Deed
related
—
Feb 28, 2001
$138,000
Jack R Bertram
Jack R Bertram Estate
Grant Deed
related
$413,000 · Downey S & L (wholesale)
Mar 22, 1999
—
Barnes Trust
Barnes,dolores G
Quit Claim Deed
related
—
Oct 28, 1998
—
Jack R Bertram
Red Cross House LLC
Grant Deed
related
—
Oct 27, 1997
$350,000
Red Cross House LLC
American National Red Cross
Grant Deed
related
—
—
—
Abaco Investments LLC
—
Deed Of Trust
related
$184,499 · Bank Of America
—
—
Jack R Bertram
—
Deed Of Trust
related
$110,000 · Cit Group Consumer Finance INC
—
—
Abaco Investments LLC
—
Deed Of Trust
related
$2,400,000 · Bank Of America
—
—
Abaco Investments LLC
—
Deed Of Trust
related
$826,000 · Edf Resource Capital INC
—
—
Jack R Bertram
—
Deed Of Trust
related
$210,000 · Headlands Mortgage
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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