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Property profile & analytics
OFF-MARKET
Estimated value
$22,785,000
Warehouses
2300 Polvorosa Ave, San Leandro, CA 94577-2218
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-9026485
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
TILT-UP CONCRETE
Total area
75,414 SF
Lot
3.45 ac (150,254 SF)
APN
79A-541-2-3
UPID
US09-9026485
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
$17.71M
Comparable Approach
Comparable
$23.67M
Blend (final)
Blend
$22.79M
Owner & transaction history
Sus 2300 LLC · 3 yrs held
Sus 2300 LLC
since 2023
Last sale
$21.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$38.0M
+138.1%
Neighborhood: shopping center
$32.0M
+100.9%
Medical building
$29.8M
+87.0%
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
$23,670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,180,000
6.5%
$17,705,000
7%
$16,440,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,945,000
Current use
RESTAURANT
$37,965,000
Change: +138% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$32,040,000
Change: +101% · Conversion: Moderate
MEDICAL BUILDING
$29,815,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$25,040,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$24,920,000
Change: +56% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$22,035,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,880,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$22.79M
Range $20.51M – $25.06M · ±10% · vs last sale $21.90M (Jan 13 2023)
Last sale anchor
$21.90M
Jan 13 2023
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
$302 / 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
$274,611
Tax year 2024
Assessed value
$22,335,858
Assessed 2024
Previous assessed
$22,335,858
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$6,834,000
Assessed improvement
$15,501,858
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
75,414 SF
Lot
3.45 ac (150,254 SF)
APN
79A-541-2-3
UPID
US09-9026485
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
WAREHOUSE, STORAGE Current
Est. value
$15.9M
RESTAURANT
Est. value
$38.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$32.0M
MEDICAL BUILDING
Est. value
$29.8M
OFFICE BUILDING
Est. value
$25.0M
AUTO REPAIR, GARAGE
Est. value
$24.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.0M
COMMERCIAL (GENERAL)
Est. value
$21.9M
WAREHOUSE, STORAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
3.45 ac
Current owner
From public records · entity-resolved
Sus 2300 LLC
Entity
Mailing address
2300 POLVOROSA AVE, SAN LEANDRO, CA 94577-2218
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2023
—
Sus 2300 LLC
—
Deed
related
$14,073,000 · First General Bank
Jan 13, 2023
$21,898,000
Sus 2300 LLC
Gemini Polvorosa LLC
Grant Deed
$19,200,000 · Robhana INC
Mar 25, 2021
$15,000,000
Westcore Gemini Polvorosa LLC
4faceb Investment LLC
Grant Deed
$9,100,000 · Great West Life & Annuity Insurance Comp
Mar 1, 2019
—
4faceb Investment LLC
—
Deed
related
$10,048,000 · First Foundation Bank
Jul 25, 2017
$12,500,000
4faceb Investment LLC
Heldig LLC
Grant Deed
$10,000,000 · Jpmorgan Chase Bank NA
Aug 9, 2010
—
Heldig LLC
Intertile Distributors INC
Grant Deed
—
Dec 19, 1997
$527,500
Doolitte Holding LLC
Intertile Distributors INC
Grant Deed
—
Jun 28, 1996
$2,850,000
Intertile Distributors
Georgia-pacific Corp
Grant Deed
—
—
—
Intertile Distributors INC
—
Deed Of Trust
related
$1,890,000 · 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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