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Property profile & analytics
OFF-MARKET
Estimated value
$315,000
Retail space
2411 Martin Luther King Jr Way Oakland, CA 94612-1111
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-8359438
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
TILT-UP CONCRETE
Total area
4,340 SF
Lot
0.1 ac (4,418 SF)
APN
8-677-28
UPID
US09-8359438
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
$315k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$315k
Owner & transaction history
2411 Mlk LLC · 4 yrs held
2411 Mlk LLC
since 2022
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
Method
Estimation
Statistic approach
by Request
ML approach
$315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$315k
Range $284k – $347k · ±10%
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
$73 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,764
Tax year 2023
Assessed value
$521,510
Assessed 2024
Previous assessed
$511,287
+2.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$208,604
Assessed improvement
$312,906
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
4,340 SF
Lot
0.1 ac (4,418 SF)
APN
8-677-28
UPID
US09-8359438
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
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
2411 Mlk LLC
Entity
Mailing address
120 YORK DR, PIEDMONT, CA 94611-4125
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
—
2411 Mlk LLC
Angela R Perez
Grant Deed
—
Dec 11, 2020
—
Angela R Perez
David Perez
Affidavit Of Death
related
—
Jan 25, 2017
—
Perez Living Trust
Perez,david & Angela
Quit Claim Deed
related
—
Jan 10, 2008
$405,000
David Perez
Allen,kevin A
Grant Deed
—
Apr 26, 2006
—
Kevin A Allen
Allen,kevin A
Quit Claim Deed
related
$265,000 · Herzer Financial
Apr 10, 2006
—
Kevin A Allen
Washington,wilbert T
Grant Deed
related
—
Dec 28, 2004
$350,000
Wilbert Washington
Nichols,douglas
Grant Deed
$297,500 · Fremont Investment & Loan
Feb 24, 2000
$190,000
Douglas Nicholas
Gibson,clifford
Grant Deed
$153,912 · Cit Group Consumer Finance INC
Oct 10, 1975
—
Clifford Gibson
—
Grant Deed
related
—
—
—
Clifford Gibson
—
Deed Of Trust
related
$98,000 · Option One Mortgage Corp
—
—
Kevin Allen
—
Deed Of Trust
related
$10,000 · Norman Gee
—
—
Kevin A Allen
—
Deed Of Trust
related
$650,000 · Option One Mortgage Corp
—
—
Kevin A Allen
—
Deed Of Trust
related
$150,000 · Herzer Financial
—
—
Douglas Nichols
—
Deed Of Trust
related
$192,500 · World Savings Bank
—
—
Douglas Nichols
—
Deed Of Trust
related
$43,000 · Clifford Gibson
—
—
Cliford Gibson
—
Deed Of Trust
related
$35,000 · Individual
—
—
Clifford Gibson
—
Deed Of Trust
related
$45,000 · Individual
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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