Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2401 Portola Ave Livermore, CA 94551
    Back to Search
    Property profile & analytics

    2401 Portola Ave, Livermore, CA 94551

    View on Map
    • Apartment buildings
    • 25,878 SF
    • 1.34 lot acres
    Off-Market
    Last Sale Jun 10, 2022
    $19,250,000
    Property ID
    US09-8479183
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2401 Portola Ave

    Year built
    1990
    Lot size
    1.34 lot acres
    Property type
    Apartment buildings
    APN
    98-210-1-4
    APU
    9821014

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 10, 2022 $19,250,000 Portola Livermore LLC Lisa Hofmann Morgan Grant Deed $29k · Comerica Bank
    Mar 24, 2022 — Albert R Shaw Lisa Hofmann Morgan Grant Deed —
    Jun 12, 2018 — Portola Park Associates — Deed · related $3.6M · First Republic Bk
    Dec 28, 1993 $1,029,000 Portola Park Associates Gp Hofmann,kenneth Grant Deed —
    Oct 7, 1988 $1,400,000 Jl Construction Fredricks Develo Trustees Deed $985k · Slgh Investments
    Oct 7, 1988 $297,000 Leonty Exc Lavio Martin County Ex Trustees Deed —
    — — Portola Park Associates — Deed Of Trust · related $3.6M · First Republic Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Livermore
    County
    Alameda
    State
    California
    Longitude
    -121.772
    Latitude
    37.6907
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $173,918
    $2,663,424
    $10,669,487
    $13,332,911
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,335,000
      10,292 SF

      624 Enos Way

      APARTMENT HOUSE (5+ UNITS)
      624 Enos Way, Livermore, CA 94551-5951
      View Details
    • Value Estimation
      $1,150,000
      10,873 SF

      3068 Gardella Plz

      APARTMENT HOUSE (5+ UNITS)
      3068 Gardella Plz, Livermore, CA 94551-5997
      View Details
    • Value Estimation
      $3,255,000
      27,624 SF

      403 Jct Ave

      APARTMENT HOUSE (5+ UNITS)
      403 Jct Ave, Livermore, CA 94551-5961
      View Details
    • Value Estimation
      $635,000
      3,366 SF

      3516 1st St

      APARTMENT HOUSE (5+ UNITS)
      3516 1st St, Livermore, CA 94551-4902
      View Details
    • Value Estimation
      $720,000
      5,130 SF

      1051 Bluebell Dr

      APARTMENT HOUSE (5+ UNITS)
      1051 Bluebell Dr, Livermore, CA 94551-1283
      View Details
    • Value Estimation
      $960,000
      6,380 SF

      2375 Chestnut St

      APARTMENT HOUSE (5+ UNITS)
      2375 Chestnut St, Livermore, CA 94551-4066
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,065 SF

      Livermore Industrial Property For Sale

      16,065 SqFt industrial property available in Livermore, California.
      1813 Rutan Dr, Livermore, CA 94551
      View Details
    • Contact for pricing

      Livermore Land Opportunity

      24+/- acres of land near downtown Livermore.
      Dalton Ave, Livermore, CA 94551
      View Details
    • Contact for pricing
      26,547 SF

      Livermore Office Space Available

      Office property with signage and metro/subway access in Livermore.
      2481 Constitution Dr, Livermore, CA 94551
      View Details
    • $1,400,000

      Corner Unit with Valley Views

      Flex/industrial/office space with warehouse and valley views for sale/lease.
      3163 Independence Dr, Livermore, CA 94551
      View Details
    • Contact for pricing

      Commercial Land with I-580 Visibility

      2.63 acres of commercial land with high traffic visibility.
      5945 Southfront Rd, Livermore, CA 94551
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space on Vasco Road

      Retail or office spaces available with ample parking.
      126 S Vasco Rd, Livermore, CA 94551
      View Details
    • Contact for pricing
      81,717 SF

      Industrial Space with Built-Out Office

      Industrial space featuring a built-out office and multiple loading docks.
      7701 Las Positas Rd, Livermore, CA 94551
      View Details
    • Contact for pricing
      8,360 SF

      Lindbergh Avenue Flex Space Available

      8,360 RSF flex space available through May 2028.
      208-336 Lindbergh Ave, Livermore, CA 94551
      View Details
    • Contact for pricing
      1,960 SF

      Office Space Near I-580

      660 SF office space with convenient freeway access.
      301-381 Earhart Way, Livermore, CA 94551
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2401 Portola Ave
    Livermore, CA 94551
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2401 Portola Ave, Livermore, CA, 94551
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!