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Property profile & analytics
FOR LEASE
Flex space
23 Rickenbacker Cir Livermore, CA 94551
Entity Owned
~
Est. High Equity
Property ID
US09-7908069
For Lease
1 / 2
$920,000
23 Rickenbacker Cir, Livermore, CA 94551
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
TILT-UP CONCRETE
Total area
5,299 SF
Lot
0.33 ac (14,250 SF)
APN
99-1316-2
UPID
US09-7908069
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
-
Four Star Erectors, Inc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$829k
Blend (final)
Blend
$920k
Owner & transaction history
1st Edison INC
1st Edison INC
since 2025
Last sale
$941,254
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+11.7%
Commercial (general)
$1.5M
+10.3%
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 Livermore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livermore 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%
$1,055,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,345,000
Current use
RETAIL STORES
$1,505,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,485,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $941k (Jun 25 2025)
Last sale anchor
$941k
Jun 25 2025
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
$174 / 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
$16,645
Tax year 2024
Assessed value
$1,420,696
Assessed 2024
Previous assessed
$1,420,696
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$241,182
Assessed improvement
$1,179,514
Applied tax rate
16.0000
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
For Lease
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Bathrooms
1
Total area
5,299 SF
Lot
0.33 ac (14,250 SF)
APN
99-1316-2
UPID
US09-7908069
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
1st Edison INC
Entity
Mailing address
23 RICKENBACKER CIR, LIVERMORE, CA 94551-7612
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Sep 25, 2025
$941,254
1st Edison INC
Jpjs Properties LLC
Grant Deed
$939,521 · City National Bank
Sep 25, 2025
—
1st Edison INC
—
Deed
related
$781,000 · The Mortgage Capital Development Corpora
Mar 14, 2008
$1,103,500
Jpjs Properties LLC
Johnson Mark Trust
Grant Deed
$937,835 · Bank Of America
May 17, 2005
$315,000
Johnson Mark Trust
Johnson,mark
Grant Deed
related
$630,000 · Bayview Financial LP
Oct 4, 2002
—
Mark W Johnson
Johnson,tr
Quit Claim Deed
related
—
Sep 25, 1998
$630,000
Mark W Johnson
Montoya,george P & Bobbie E
Grant Deed
$229,750 · Seigel Trsut
Apr 3, 1990
$340,000
George Montoya
Wolfe,t.&b.
Grant Deed
$306,000 · Truckee River Bank
—
—
Jpjs Properties LLC
—
Deed Of Trust
related
$764,000 · Bank Of The West
—
—
Johnson Mark Trust
—
Deed Of Trust
related
$50,000 · Larry Strobel
—
—
R. Garrett J. Garrett
—
Deed Of Trust
related
$19,000 · Individual
—
—
Siegel,tr
—
Deed Of Trust
related
$121,984 · Wells Fargo Bank
—
—
Siegel,tr
—
Deed Of Trust
related
$80,600 · Wells Fargo Bank
—
—
Siegel,tr
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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