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    215 Alamo Plz Alamo, CA 94507-1531

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    Property profile & analytics

    215 Alamo Plz Alamo, CA 94507-1531

    View on Map
    • Super regional malls
    • 12,516 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Mar 29, 2022
    $135,476,666
    Property ID
    US09-4992503
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Peet's Coffee / Cafe & Coffee Shop
    • Poplar Spectacles Optometry / Physician
    • Brioche de Paris - Pâtisserie / Bakery / Specialty Food Shop
    • Shelley Wu / Physician
    • Beverly D. Jue Smith, OD, MS, MBA / Physician

    Property Details for 215 Alamo Plz

    Year built
    1958
    Lot size
    0.26 lot acres
    Property size
    12,516 SF
    Zone code
    R-B
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    191-180-012-4
    APU
    1911800124

    Description

    Alamo Plaza, located at 215 Alamo Plaza in Alamo, California (zip code 94507), presents a unique opportunity for retail businesses. This Contra Costa County property offers a total of 3,688 square feet of retail space, currently entirely vacant and available for lease. The property is classified as a multi-tenant building, ideal for multiple businesses or a single large tenant seeking significant space. The flexible layout allows for customization to suit various retail concepts, particularly restaurants or other commercial ventures. The building's location within Alamo's primary shopping hub ensures high visibility and foot traffic, providing excellent potential for customer engagement and business growth. The address is situated at 37.8510288 latitude and -122.0338897 longitude. This presents a rare chance to establish a presence in a thriving Alamo community. The available space ranges from 1 square foot to the entire 3,688 square feet, offering adaptability for businesses of all sizes. Interested parties are encouraged to inquire about lease terms and explore the possibilities this exceptional retail space offers. The property is categorized as both Restaurant and Commercial.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alamo
    County
    Contra Costa
    State
    California
    Longitude
    -122.034
    Latitude
    37.851
    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
    2024
    $98,918
    $1,131,955
    $7,009,174
    $8,141,129
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request
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      170 Alamo Plz

      REGIONAL SHOPPING CENTER, MALL • 10,000 SF
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    • Value Estimation by Request
      11,407 SF

      180 Alamo Plz

      REGIONAL SHOPPING CENTER, MALL • 11,407 SF
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    • Value Estimation
      $8,230,000
      32,482 SF

      3162 Danville Blvd

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      11,969 SF

      225 Alamo Plz

      REGIONAL SHOPPING CENTER, MALL • 11,969 SF
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    • Value Estimation by Request
      12,720 SF

      220 Alamo Plz, Unit 230

      REGIONAL SHOPPING CENTER, MALL • 12,720 SF
      220 Alamo Plz, Alamo, CA 94507-1575
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    • $1,100,000
      37.40 Acres

      Alamo Land Parcel For Sale

      37+ acre oak-studded lot in Westside Alamo, California.
      Lark Ln, Alamo, CA 94507
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    Similar Nearby for Lease

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      1,085 SF

      Retail Space in Alamo Center

      Retail space in shopping district anchored by CVS Pharmacy.
      3168 Danville Blvd, Alamo, CA 94507
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      Retail Space in Alamo Plaza

      Retail space for lease in Alamo Plaza shopping center.
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      Retail Space in Alamo Plaza

      Retail space available in the heart of Alamo's downtown.
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      Retail Space in Alamo Plaza

      Retail space available in the heart of Alamo's downtown.
      215-225 Alamo Plz, Alamo, CA 94507
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      Retail Space in Alamo Plaza

      Retail space for lease in Alamo Plaza shopping center.
      120-140 Alamo Plz, Alamo, CA 94507
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      1,777 SF

      Retail Space in Alamo Plaza

      Retail space available in the heart of Alamo's downtown.
      160-170 Alamo Plz, Alamo, CA 94507
      View Details
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    Alamo, CA 94507-1531
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    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
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