Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Office buildings
2242 Washington Ave San Leandro, CA 94577-5918
Individually Owned
Absentee Owner
Free & Clear
Property ID
US09-8752224
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
WOOD
Total area
3,354 SF
Lot
1.04 ac (45,360 SF)
APN
77-556-64-2
UPID
US09-8752224
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
-
Claire Ibrahim Physician
-
Play Pals High School Vocational School
-
San Leandro Garage Door Repair Company Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$876k
Blend (final)
Blend
$970k
Owner & transaction history
Michael Kanalakis JR And Renee Kanalakis Revo
Michael Kanalakis JR And Renee Kanalakis Revo
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+28.0%
Medical building
$1.3M
+19.1%
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 Leandro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Leandro 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%
$1,205,000
6.5%
$1,110,000
7%
$1,035,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,115,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,425,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$1,325,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,110,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$975,000
Change: -13% · Conversion: Easy
RETAIL STORES
$905,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10%
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
$289 / 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
$15,278
Tax year 2023
Assessed value
$1,186,781
Assessed 2024
Previous assessed
$1,163,517
+2.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$901,586
Assessed improvement
$285,195
Applied tax rate
10.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
2
Bathrooms
1
Total area
3,354 SF
Lot
1.04 ac (45,360 SF)
APN
77-556-64-2
UPID
US09-8752224
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
OFFICE BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$975,000
RETAIL STORES
Est. value
$905,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1900
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
2
Bathrooms
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Michael Kanalakis JR And Renee Kanalakis Revo
Individual
Free & Clear · 0 yrs held
Mailing address
7324 NEWCASTLE LN, DUBLIN, CA 94568-1723
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Apr 1, 2026
—
Michael Kanalakis JR And Renee Kanalakis Revo
Michael Kanalakis
Deed
related
—
Mar 26, 2026
—
Michael Kanalakis JR
Michael Kanalakis JR
Grant Deed
related
—
Feb 7, 2025
—
Michael Kanalakis JR
Penny Kanalakis
Deed
related
—
Jan 8, 2021
—
Mitchell,kent Trust
Kent Mitchell
Affidavit Of Death
related
—
Apr 26, 2017
—
Kanalakis Family Living Trust
Kanalakis,john M & Mary D
Quit Claim Deed
related
—
Mar 23, 2016
—
John M Kanalakis
Kanalakis John G Trust
Quit Claim Deed
related
—
Jan 20, 2016
—
John M Kanalakis
Kanalakis,john G
Affidavit Of Death
related
—
Oct 2, 2012
—
Joanna Kanalakis-bowman
Kanalakis Peter Trust
Quit Claim Deed
related
—
Jul 1, 2011
—
Joanna Kanalakis-bowman
Kanalakis,peter
Affidavit Of Death
related
—
May 16, 2007
—
Kanalakis Peter Trust
Kanalakis,peter
Quit Claim Deed
related
—
May 8, 2007
—
Kent Mitchell
Mitchell,kent
Quit Claim Deed
related
—
Mar 30, 1983
—
Kent Mitchell
—
Grant Deed
related
—
Nov 1, 1982
—
—
—
Grant Deed
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2242 Washington Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
