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Property profile & analytics
OFF-MARKET
Estimated value
$1,490,000
Medical Office Space
2223 Santa Clara Ave Alameda, CA 94501-4469
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8214541
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1956
Construction
WOOD
Total area
4,520 SF
Lot
0.24 ac (10,384 SF)
APN
71-219-9-1
UPID
US09-8214541
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
-
Jennifer H. Ong, OD Physician
-
East Bay Center for Anxiety Relief Psychotherapist Family Counselor
-
American Health Advocates Corporation. Insurance Agency
-
Seva Wellness Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.49M
Owner & transaction history
Alameda Vision LLC · 1 yrs held
Alameda Vision LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.9M
+7.5%
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 Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,290,000
6.5%
$1,190,000
7%
$1,105,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,785,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,920,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,455,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.64M · ±10% · vs last sale $1.68M (Sep 9 2024)
Last sale anchor
$1.68M
Sep 9 2024
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
$330 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$22,142
Tax year 2023
Assessed value
$1,522,509
Assessed 2024
Previous assessed
$1,492,660
+2.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$589,704
Assessed improvement
$932,805
Applied tax rate
21.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
3
Total area
4,520 SF
Lot
0.24 ac (10,384 SF)
APN
71-219-9-1
UPID
US09-8214541
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
MEDICAL BUILDING Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.5M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1956
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
3
Lot
0.24 ac
Current owner
From public records · entity-resolved
Alameda Vision LLC
Entity
Mailing address
2411 CORAL SEA ST, ALAMEDA, CA 94501-3097
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
$1,680,000
Alameda Vision LLC
Moreen Yip Menie
Grant Deed
—
Dec 16, 2019
$1,420,000
Menie M Yip
Silverman Family Trust
Grant Deed
$1,400,000 · Yip Pak L & Sau F Trust (rt)
May 8, 2019
—
Kapchan,e & P T Trust
Kapchan,patricia R
Affidavit Of Death
related
—
Nov 9, 2005
—
Kapchan Elliott & P T Trust
Kapchan,elliott
Quit Claim Deed
related
—
May 10, 1996
—
Silverman Trust
Silverman,judith M
Quit Claim Deed
related
$365,000 · Wells Fargo Bank
Nov 5, 1982
$100,000
Silverman Donald R
—
Grant Deed
related
—
—
—
Silverman Family Trust
—
Deed Of Trust
related
$500,000 · Washington Mutual Fsb
—
—
Silverman Family Trust
—
Deed Of Trust
related
$445,000 · California Bk&tr
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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