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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Life science properties
2021 Las Positas Ct Livermore, CA 94551-7304
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8546962
Property summary
AI-generated overview
This exceptional Class A Alder Creek Business Center offers 73,314 square feet of prime flex and warehouse space in Livermore, California. Located at 2021 Las Positas Ct, this property boasts two single-story buildings, built in 1988, situated on a five-acre lot. The property is zoned PUD and features a total of 596 parking spaces. Individual suites range from a minimum of 1,997 square feet to a maximum contiguous space of 5,720 square feet, with 7,542 square feet currently vacant. The high ceilings, ranging from 14'6" to 17'10", provide ample vertical space. Loading and unloading is facilitated by one loading dock and one dock-high door, complemented by one drive-in door. The property offers 120/208V three-phase electrical service. This multi-tenant property is ideal for businesses seeking flexible and functional space in a desirable Livermore location, near Livermore Ave. While elevators are not available, the single-story design ensures easy accessibility. This is a rare opportunity to secure high-quality commercial space in Alameda County.
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1988
Construction
TILT-UP CONCRETE
Total area
74,775 SF
Lot
5 ac (217,743 SF)
APN
99-100-45
UPID
US09-8546962
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
-
Advance Construction Services, Inc. Construction Company General Contractor
-
Mechanical Services LLC Construction Company General Contractor
-
Covered California Certified Agent Insurance Agency
-
Nexus Automation Industrial Manufacturer
-
Coast Criticare Corporation Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$835k
Blend (final)
Blend
$745k
Owner & transaction history
Alder Creek LLC · 10 yrs held
Alder Creek LLC
since 2015
3 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 Livermore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livermore 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
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$10 / 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
$121,162
Tax year 2024
Assessed value
$10,445,040
Assessed 2024
Previous assessed
$10,445,040
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,321,120
Assessed improvement
$8,123,920
Applied tax rate
16.0000
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
74,775 SF
Lot
5 ac (217,743 SF)
APN
99-100-45
UPID
US09-8546962
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
1988
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
5 ac
Current owner
From public records · entity-resolved
Alder Creek LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1220 DIAMOND WAY STE #100, CONCORD, CA 94520-5234
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2015
—
Alder Creek LLC
Spight Mary C Family Trust
Grant Deed
—
Dec 2, 1997
—
Spight Trust
Alden IV Associates
Grant Deed
related
—
—
—
Alden IV Associates
—
Deed Of Trust
related
$3,150,000 · Bank Of America
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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