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Property profile & analytics
OFF-MARKET
Estimated value
$4,065,000
Warehouses
2158 Rheem Dr, Pleasanton, CA 94588-2775
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8059302
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
TILT-UP CONCRETE
Total area
13,837 SF
Lot
0.86 ac (37,520 SF)
APN
946-4550-8
UPID
US09-8059302
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
-
Jazz Heating, Air Conditioning and Plumbing HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.98M
CAP Approach
CAP
$3.25M
Comparable Approach
Comparable
$4.09M
Blend (final)
Blend
$4.07M
Owner & transaction history
Greenan Development LLC · 4 yrs held
Greenan Development LLC
since 2021
Last sale
$4.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.9M
+112.0%
Office building
$5.8M
+107.7%
Medical building
$5.5M
+97.3%
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 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
Method
Estimation
Statistic approach
$3,680,000
ML approach
$3,975,000
CAP Approach
CAP Return
Estimation
6%
$3,520,000
6.5%
$3,250,000
7%
$3,015,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,775,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,880,000
Change: +112% · Conversion: Moderate
OFFICE BUILDING
$5,760,000
Change: +108% · Conversion: Difficult
MEDICAL BUILDING
$5,470,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,455,000
Change: +61% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,935,000
Change: +42% · Conversion: Easy
RETAIL STORES
$3,925,000
Change: +42% · Conversion: Moderate
Blend value · Realmo final
$4.07M
Range $3.66M – $4.47M · ±10% · vs last sale $4.10M (Sep 20 2021)
Last sale anchor
$4.10M
Sep 20 2021
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
$294 / 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
$50,078
Tax year 2024
Assessed value
$4,265,640
Assessed 2024
Previous assessed
$4,265,640
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,248,480
Assessed improvement
$3,017,160
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
13,837 SF
Lot
0.86 ac (37,520 SF)
APN
946-4550-8
UPID
US09-8059302
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
WAREHOUSE, STORAGE Current
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES
Est. value
$3.9M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Greenan Development LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2118 RHEEM DR, PLEASANTON, CA 94588-2775
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2021
$4,100,000
Greenan Development LLC
Global Classic Coliection INC
Grant Deed
—
Sep 28, 2012
—
Kevin D Knapp
Knapp,annette L
Quit Claim Deed
related
—
Sep 28, 2012
$1,586,000
Global Classic Collection INC
Knapps Properties
Grant Deed
—
Apr 12, 1999
—
Knapp Trust
Knapp,rudolph C & Tami C
Quit Claim Deed
related
—
Mar 7, 1997
—
Knapp Trust
Knapp,michael P & Paula S
Quit Claim Deed
related
$55,000 · Crossland Mortgage Corp
—
—
Rudolph C Knapp
—
Deed Of Trust
related
$603,170 · Bay Bank Of Commerce
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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