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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail space
2040 Telegraph Ave Oakland, CA 94612-2306
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-8626952
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
TILT-UP CONCRETE
Total area
3,403 SF
Lot
0.25 ac (10,858 SF)
APN
8-649-1-1
UPID
US09-8626952
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
-
STIIIZY Oakland (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
T21 M1 LLC · 7 yrs held
T21 M1 LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+61.3%
Medical building
$1.1M
+41.3%
Office building
$820,000
+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 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
Method
Estimation
Statistic approach
by Request
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$945,000
Alternative Use
Use
Estimation
RETAIL STORES
$810,000
Current use
COMMERCIAL (GENERAL)
$1,305,000
Change: +61% · Conversion: Easy
MEDICAL BUILDING
$1,145,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$820,000
Change: +1% · Conversion: Easy
WAREHOUSE, STORAGE
$650,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$235 / 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
$71,821
Tax year 2023
Assessed value
$4,525,000
Assessed 2024
Previous assessed
$4,525,000
+0.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$2,525,000
Assessed improvement
$2,000,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
3,403 SF
Lot
0.25 ac (10,858 SF)
APN
8-649-1-1
UPID
US09-8626952
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
RETAIL STORES Current
Est. value
$810,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$820,000
WAREHOUSE, STORAGE
Est. value
$650,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
T21 M1 LLC
Entity
Mailing address
1569 SOLANO AVE #281, BERKELEY, CA 94707-2116
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
—
T21 M1 LLC
—
Deed
related
$3,500,000 · Belmont Bank & Trust Company
May 30, 2019
$8,000,000
T21 M1 LLC
Trilateral LLC
Grant Deed
$4,000,000 · Trilateral LLC
Jul 21, 2014
—
Trilateral LLC
Alex K Hahn
Grant Deed
$1,200,000 · Fremont Bank
May 8, 2013
—
Hahn Family Trust
Trilateral LLC
Quit Claim Deed
related
—
Jun 17, 2011
—
Trilateral LLC
Hahn,alex K & Jae H
Grant Deed
—
Dec 5, 2002
—
Hahn,tr
Hahn,alex K & Jae H
Quit Claim Deed
related
—
Jan 21, 1998
$355,000
Alex K Hahn
Norman P Chan INC
Grant Deed
$220,000 · Bank Of Canton
—
—
Hahn Family Trust
—
Deed Of Trust
related
$660,000 · United Commercial Bank
Sep 11, 1963
—
—
—
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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