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Property profile & analytics
OFF-MARKET
Estimated value
$2,645,000
Flex space
2373 Research Dr Livermore, CA 94550
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8115747
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2015
Construction
TILT-UP CONCRETE
Total area
2,480 SF
Lot
0.92 ac (40,000 SF)
APN
99A-1500-44
UPID
US09-8115747
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
$2.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
Nm Cpc LP · 5 yrs held
Nm Cpc LP
since 2021
Last sale
$2.8M
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 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
$2,495,000
ML approach
$2,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.65M
Range $2.38M – $2.91M · ±10% · vs last sale $2.79M (Mar 12 2021)
Last sale anchor
$2.79M
Mar 12 2021
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
$1,067 / 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
$14,992
Tax year 2024
Assessed value
$1,253,913
Assessed 2024
Previous assessed
$1,253,913
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$955,080
Assessed improvement
$298,833
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
Off-Market
Year built
2015
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Rooms
4
Bathrooms
0
Total area
2,480 SF
Lot
0.92 ac (40,000 SF)
APN
99A-1500-44
UPID
US09-8115747
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
2015
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Rooms
4
Bathrooms
0
Lot
0.92 ac
Current owner
From public records · entity-resolved
Nm Cpc LP
Entity
Free & Clear · 5 yrs held
Mailing address
2170 PIEDMONT RD NE, ATLANTA, GA 30324-4135
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2021
$2,787,000
Nm Cpc LP
Rci King INC
Grant Deed
—
May 3, 2019
$2,040,000
Rci-king INC
Clarksons California Prop
Grant Deed
—
Dec 30, 2004
—
Broan & Fesler Ventures INC
Brown & Fesler INC
Quit Claim Deed
related
—
Dec 29, 2004
$420,000
Clarksons California Props
Brown & Fesler Ventures INC
Grant Deed
—
Nov 27, 2002
$175,000
Brown & Fesler Ventures INC
Brown,john J
Grant Deed
related
$175,000 · Community Capital
Jan 3, 2001
$280,000
John J Brown
Brannan,james R & Carolyn A
Grant Deed
—
May 5, 1999
$210,000
James Gr Brannan
Ptc Partnership
Grant Deed
$105,000 · Bank Of Walnut Creek
Aug 1, 1979
$120,000
—
—
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.
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