Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Life science properties
2021 Challenger Dr Alameda, CA 94501-1191
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8207298
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1986
Construction
TILT-UP CONCRETE
Total area
18,712 SF
Lot
1.4 ac (61,142 SF)
APN
74-1343-3
UPID
US09-8207298
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
-
Data 911 IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Settlers Bay Properties INC · 7 yrs held
Settlers Bay Properties INC
since 2018
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$69 / 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
$85,894
Tax year 2024
Assessed value
$5,249,424
Assessed 2024
Previous assessed
$5,249,424
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$1,968,534
Assessed improvement
$3,280,890
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
18,712 SF
Lot
1.4 ac (61,142 SF)
APN
74-1343-3
UPID
US09-8207298
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
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
1.4 ac
Current owner
From public records · entity-resolved
Settlers Bay Properties INC
Entity
Free & Clear · 7 yrs held
Mailing address
14645 NE BEL RED RD STE #200, BELLEVUE, WA 98007-3929
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2018
—
Bsrep Marina Village Owner LLC
—
Loan Modification
related
$176,000,000 · Parlex 7 Finco LLC
Oct 9, 2018
$4,800,000
Settlers Bay Properties INC
Bsrep Marina Village Owner LLC
Grant Deed
—
Aug 23, 2017
—
Bsrep Marina Village Owner LLC
—
Loan Modification
related
$133,498,800 · Parlex 7 Finco LLC
Oct 28, 2016
—
Bsrep Marina Village Trust Sub Ll
—
Deed
related
$133,000,000 · Private Individual
Jun 2, 2011
—
Legacy Partners I Alameda LLC
—
Deed Of Trust
related
$157,000,000 · Jp Morgan Chase Com'l 2006-fl2
Feb 15, 2006
—
Legacy Partners I Alameda LLC
Alameda Real Estate Investments
Grant Deed
$157,000,000 · Secore Financial Corp
—
—
Bsrep Marina Village Trust Sub Ll
—
Deed Of Trust
related
$133,000,000 · Private Individual
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?”
You own 2021 Challenger Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
