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Property profile & analytics
FOR LEASE
Flex space
2222 Grant Ave, San Lorenzo, CA 94580
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US09-7953363
For Lease
1 / 3
$0.75 SF/Yr
2222 Grant Ave, San Lorenzo, CA 94580
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1973
Construction
TILT-UP CONCRETE
Total area
446,905 SF
Lot
16.5 ac (718,740 SF)
APN
438-10-1-2
UPID
US09-7953363
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
-
Scully Distribution Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$43.35M
Owner & transaction history
Afp & 1 LLC · 11 yrs held
Afp & 1 LLC
since 2014
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 San Lorenzo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Lorenzo 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
$97 / 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
$278,232
Tax year 2024
Assessed value
$22,736,998
Assessed 2024
Previous assessed
$22,736,998
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$4,500,438
Assessed improvement
$18,236,560
Applied tax rate
80.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Lease
Year built
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
1
Total area
446,905 SF
Lot
16.5 ac (718,740 SF)
APN
438-10-1-2
UPID
US09-7953363
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
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
1
Lot
16.5 ac
Current owner
From public records · entity-resolved
Afp & 1 LLC
Entity
Mailing address
PO BOX 3075, SAN LEANDRO, CA 94578-0075
Ownership since
2014
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
Jul 29, 2014
—
Afp & 1 LLC
Aitchison Family Properties Ll
Quit Claim Deed
$6,300,000 · Wells Fargo Bk
Apr 4, 2011
—
Afp Of San Lorenzo LLC
—
Deed Of Trust
related
$6,300,000 · Wells Fargo Bank
Jan 27, 2009
—
Afp Of San Lorenzo LLC
—
Deed Of Trust
related
$5,360,000 · Wells Fargo Bank
Feb 28, 2007
—
Afp Of San Lorenzo LLC
Aitchison Family Props LLC
Grant Deed
—
Oct 10, 2005
—
Tharco Containers Colorado INC
—
Deed Of Trust
related
$92,000,000 · General Electric Capital Corp
Oct 7, 2005
—
Tharco Contreras Colorado INC
Aitchison Family Props LLC
Grant Deed
related
—
Apr 14, 1992
$1,650,000
Gp Aitchison
James B Aitchiso
Grant Deed
related
$3,624,000 · Wells Fargo Bank
Nov 22, 1977
—
—
—
Grant Deed
related
—
—
—
Aitchison Family Partnership
—
Deed Of Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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