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Property profile & analytics
OFF-MARKET
Estimated value
$3,020,000
Flex space
2232 Poplar St Oakland, CA 94607-2315
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9255304
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1930
Construction
TILT-UP CONCRETE
Total area
24,807 SF
Lot
0.7 ac (30,641 SF)
APN
5-424-6
UPID
US09-9255304
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.02M
Owner & transaction history
Rph Poplar LLC · 5 yrs held
Rph Poplar LLC
since 2021
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 Oakland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland 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
$122 / 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
$36,192
Tax year 2024
Assessed value
$2,206,074
Assessed 2024
Previous assessed
$2,206,074
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$998,246
Assessed improvement
$1,207,828
Applied tax rate
17.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
3
Bathrooms
4
Total area
24,807 SF
Lot
0.7 ac (30,641 SF)
APN
5-424-6
UPID
US09-9255304
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
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
3
Bathrooms
4
Lot
0.7 ac
Current owner
From public records · entity-resolved
Rph Poplar LLC
Entity
Mailing address
2420 SAN PABLO AVE, OAKLAND, CA 94612-1120
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2021
—
Rph Poplar LLC
—
Deed
related
$1,500,000 · Realta Capital Partners LLC
May 10, 2021
—
Rph Poplar LLC
Edward K Hemmat
Grant Deed
—
Feb 10, 2021
—
Edward K Hemmat
Edward K Hemmat
Intrafamily Transfer
related
—
Nov 19, 2018
$1,687,000
Hemmat,k & R 2001 Trust
Sch2010 Separate Prop T
Grant Deed
$805,242 · Seperate K J2010 Prop T (pt)
Nov 19, 2018
—
Owner Name Unavailable
Schmier,eric S
Affidavit Of Death
related
—
Sep 23, 2010
—
Schmier E S Living 2010 Trust
Schmier,eric S
Quit Claim Deed
related
—
Oct 30, 2003
—
Kenneth J Schmier
Schmier,alisa L
Quit Claim Deed
related
—
Oct 30, 2003
$325,000
Kenneth J Schmier
Schmier,kenneth J
Grant Deed
related
$975,000 · Far East National Bank
Mar 21, 2002
$565,000
Kenneth J Schmier
Engbert,nancy & Thomas
Grant Deed
—
May 9, 1980
—
—
—
Grant Deed
related
—
—
—
Edward K Hemmat
—
Deed Of Trust
related
$300,000 · Schmier K J 2010 Trust (pt)
—
—
Kenneth J Schmier
—
Deed Of Trust
related
—
—
—
Ed Hemmat
—
Deed Of Trust
related
$238,600 · Schmier Kenneth J 2010 Trust
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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