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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
230 Bay Pl Oakland, CA 94612-3805
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8610270
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
57,218 SF
Lot
2.18 ac (94,961 SF)
APN
10-795-27-1
UPID
US09-8610270
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
-
Whole Foods Market Grocery & Convenience Store Food Market
-
Genji, LLC Restaurant
-
EVgo Charging Station Electric Vehicle Charging Station
-
Zipcar Location Freight Service Logistics Company
-
Amazon Hub Counter+ Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bel Bay Place LLC · 1 yrs held
Bel Bay Place LLC
since 2024
Last sale
$44.4M
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
—
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
$609,752
Tax year 2023
Assessed value
$42,494,848
Assessed 2024
Previous assessed
$41,661,664
+2.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$7,967,784
Assessed improvement
$34,527,064
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
1
Stories
1
Bathrooms
2
Total area
57,218 SF
Lot
2.18 ac (94,961 SF)
APN
10-795-27-1
UPID
US09-8610270
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
1
Bathrooms
2
Lot
2.18 ac
Current owner
From public records · entity-resolved
Bel Bay Place LLC
Entity
Mailing address
3300 ENTERPRISE PKWY, BEACHWOOD, OH 44122-7200
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
$44,400,000
Bel Bay Place LLC
Ddr Wf Oakland LP
Grant Deed
$26,000,000 · Principal Life Insurance Company An
Aug 12, 2024
—
Ddr Wf Oakland LP
—
Deed
related
$530,000,000 · Fox Hedge Intermediate B LLC
Feb 26, 2013
$41,100,000
Ddr Wf Oakland LP
Bond Cc Oakland LLC
Grant Deed
—
Jul 6, 2010
—
Bond Cc Oakland LLC
—
Grant Deed
related
$20,000,000 · Zions Community Inv Corp
Dec 22, 2004
—
Bond Cc Oakland LLC
—
Grant Deed
related
$20,000,000 · California Bank & Trust
Nov 8, 2004
—
Bond Cc Oakland LLC
—
Deed Of Trust
related
$5,325,000 · California Bank & Trust
Oct 8, 2003
—
Bond Cg Oakland LLC
Kestrel Partners LLC
Grant Deed
$7,000,000 · Broadway Bank
Aug 22, 2000
—
230 Bay Place LP
Greater Bay Trust Co Trustee
Quit Claim Deed
related
—
Jun 1, 1999
—
Greater Bay Trust Co Trustee
Wells Fargo Bank Trustee
Quit Claim Deed
related
—
May 19, 1997
$8,600
Robert Shepard
Rensel,sarah
Quit Claim Deed
related
—
Dec 30, 1974
—
—
—
Grant Deed
related
—
—
—
Bond Cc Oakland LLC
—
Deed Of Trust
related
$12,000 · Ua Sub-cde I LLC
—
—
Bond Cc Oakland LLC
—
Deed Of Trust
related
$2,250,000 · Ua Sub-cde I LLC
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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