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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Flex space
2118 Rheem Dr Pleasanton, CA 94588-2775
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-8059305
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1983
Construction
TILT-UP CONCRETE
Total area
15,372 SF
Lot
0.98 ac (42,880 SF)
APN
946-4550-13
UPID
US09-8059305
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
-
Construction Testing Services Engineering Consultant
-
There-to-Repair Environmental Consultant Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
Greenan Dev LLC · 6 yrs held
Greenan Dev LLC
since 2019
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 Pleasanton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pleasanton 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
$123 / 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
$26,432
Tax year 2024
Assessed value
$2,233,458
Assessed 2024
Previous assessed
$2,233,458
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$527,026
Assessed improvement
$1,706,432
Applied tax rate
19.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
15,372 SF
Lot
0.98 ac (42,880 SF)
APN
946-4550-13
UPID
US09-8059305
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Greenan Dev LLC
Entity
Mailing address
2118 RHEEM DR, PLEASANTON, CA 94588-2775
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2019
—
Greenan Dev LLC
Carl H Larson
Correction Deed
related
—
Feb 6, 2012
$1,814,000
Greenan Dev LLC
Chahin Family Trust
Grant Deed
$1,042,500 · Bank Of America
Nov 14, 2008
—
Chahin Family Trust
Hansen Klaus F Trust
Grant Deed
$1,250,000 · Fremont Bank
Aug 29, 2007
—
Sullivan James M Trust
Sullivan,james M
Quit Claim Deed
related
$1,410,000 · Heritage Bank Of Commerce
Aug 22, 2007
—
James M Sullivan
Sullivan,susan A
Quit Claim Deed
related
—
Jan 30, 2004
—
Hansen,tr
Hansen,klaus F & Catherine L
Quit Claim Deed
related
—
Jan 23, 2004
—
Sullivan,tr
Sullivan,james M
Quit Claim Deed
related
—
Jun 24, 1996
—
Susan A Sullivan
Sullivan,james M & Susan A
Quit Claim Deed
related
—
—
—
Greenan Dev LLC
—
Deed Of Trust
related
$859,000 · Bay Area Emp Development
—
—
James M Sullivan
—
Deed Of Trust
related
$60,000 · Robert A Gail Ira
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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