Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2121 Central Ave Alameda, CA 94501-2830

    • Office buildings
    • 3,342 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8695446
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Phil's Printers & PCs / Computer & Electronic Repair
    • Yu Ying Learning Center / Training Center / Tutoring Service
    • Finein Michael / Law Firm
    • Johansson Celeste / Law Firm

    Property Details for 2121 Central Ave

    Year built
    1890
    Construction
    WOOD
    Lot size
    0.24 lot acres
    Property size
    3,342 SF
    Property type
    Office buildings
    APN
    71-235-17
    APU
    7123517

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $910,000
      Current use
      AUTO REPAIR, GARAGE
      $1,075,000
      Change: +18% Conversion: Difficult
      RETAIL STORES
      $950,000
      Change: +4% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $905,000
      Change: -1% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alameda
    County
    Alameda
    State
    California
    Longitude
    -122.249
    Latitude
    37.7672
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,133
    $671,602
    $824,775
    $1,496,377
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.80 Acres

      1001 Marina Vlg Pkwy

      OFFICE BUILDING • 0.80 Acres
      1001 Marina Vlg Pkwy, Alameda, CA 94501-1091
      View Details
    • Value Estimation
      $3,895,000
      26,034 SF

      1516 Oak St

      OFFICE BUILDING • 26,034 SF
      1516 Oak St, Alameda, CA 94501-2947
      View Details
    • Value Estimation
      $665,000
      1,794 SF

      2400 Otis Dr

      OFFICE BUILDING • 1,794 SF
      2400 Otis Dr, Alameda, CA 94501
      View Details
    • Value Estimation by Request
      1,352 SF

      2527 Santa Clara Ave

      OFFICE BUILDING • 1,352 SF
      2527 Santa Clara Ave, Alameda, CA 94501-4633
      View Details
    • Value Estimation
      $760,000
      4,832 SF

      2258 Santa Clara Ave

      OFFICE BUILDING • 4,832 SF
      2258 Santa Clara Ave, Alameda, CA 94501-4498
      View Details
    • Value Estimation
      $5,375,000
      28,302 SF

      1100 Marina Vlg Pkwy

      OFFICE BUILDING • 28,302 SF
      1100 Marina Vlg Pkwy, Alameda, CA 94501-6461
      View Details

    Similar Nearby for Sale

    • $2,580,988
      5,101 SF

      Alameda Office Building For Sale

      Office building with 5101 square feet of space.
      1000 Central Ave, Alameda, CA 94501
      View Details
    • $997,000
      3,502 SF

      Alameda Mixed-Use Building For Sale

      Mixed-use building in Alameda's vibrant downtown, ideal for business or investment.
      1414 Everett St, Alameda, CA 94501
      View Details
    • $98,666
      0.46 Acres

      Alameda Dry Cleaning Business For Sale

      Thriving business, loyal clientele, prime location.
      2004 Encinal Ave, Alameda, CA 94501
      View Details
    • $1,795,000
      4,384 SF

      Alameda Fourplex with Mid-Century Charm

      Spacious 11BD/5.5BA fourplex in Alameda's Bronze Coast.
      2118 Alameda Ave, Alameda, CA 94501
      View Details
    • Contact for pricing
      3,250 SF

      Waterfront Multi-Unit Income Property

      Rare Alameda waterfront property with four units and bay-facing ADU.
      512 Central Ave, Alameda, CA 94501
      View Details
    • $1,438,000
      2,923 SF

      Alameda Retail Investment Opportunity

      Leased USPS office in downtown Alameda with income.
      1415 Webster St, Alameda, CA 94501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,131 SF

      Alameda Office Space For Rent

      Office building with convenient access to major transportation routes.
      2470 Mariner Square Loop, Alameda, CA 94501
      View Details
    • Contact for pricing
      8,396 SF

      Waterfront Campus Office Space

      Class A office, lab, and research space for rent.
      1101 Marina Village Pkwy, Alameda, CA 94501
      View Details
    • Sponsored
      Contact for pricing

      Marina Village

      All-inclusive access to workspace, virtual office and meeting rooms in One Lincoln center
      1101 Marina Villae Pkwy, Alameda, CA 94501
      View Details
    • Contact for pricing
      2,383 SF

      Mixed-Use Waterfront Development Opportunity

      Retail, office, and residential development on a 72-acre waterfront site.
      2620 5Th St, Alameda, CA 94501
      View Details
    • $2 SF/Yr
      2,200 SF

      Two-Story Office Space Available

      5,140± SF office space with views and ample parking.
      2417 Mariner Square Loop, Alameda, CA 94501
      View Details
    • Contact for pricing
      26,772 SF

      Waterfront Campus Creative Office Space

      1.4M SF waterfront campus, future life science cluster.
      400 Wind River Way, Alameda, CA 94501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2121 Central Ave
    Alameda, CA 94501-2830
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!