Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2417 Central Ave Alameda, CA 94501-4515

    • Medical offices
    • 27,216 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Mar 09, 2022
    $20,600,000
    Value Estimations
    $19,320,000
    Show details
    Cap Rate Potential
    2.6%
    Medical offices
    Location Intelligence
    Property ID
    US09-9352260
    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.

    Current Use by Public Records

    • Kaiser Permanente Alameda Medical Offices / Medical Clinic
    • Cosca Arlene B MD / Obstetrician-Gynecologist
    • Longwell Bill J MD / Internist
    • Dr. Leo Y. Cheng, MD / Pediatrician
    • Dr. Andrea Lee, MD / Pediatrician

    Property Details for 2417 Central Ave

    Year built
    1908
    Construction
    TILT-UP CONCRETE
    Lot size
    0.47 lot acres
    Property size
    27,216 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    70-188-10
    APU
    7018810

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $17,835,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,234,000
      Market price range: $5.91M - $18.2M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $13,700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Alameda
    County
    Alameda
    State
    California
    Longitude
    -122.242
    Latitude
    37.7642
    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
    $251,390
    $4,718,214
    $15,033,780
    $19,751,994
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,110,000
      5,208 SF

      2243 Central Ave

      MEDICAL BUILDING • 5,208 SF
      2243 Central Ave, Alameda, CA 94501
      View Details
    • Value Estimation by Request
      2,249 SF

      2026 Santa Clara Ave

      MEDICAL BUILDING • 2,249 SF
      2026 Santa Clara Ave, Alameda, CA 94501-2721
      View Details
    • Value Estimation
      $640,000
      3,456 SF

      1717 Santa Clara Ave

      MEDICAL BUILDING • 3,456 SF
      1717 Santa Clara Ave, Alameda, CA 94501-2593
      View Details
    • Value Estimation by Request
      2,609 SF

      2215 Santa Clara Ave

      MEDICAL BUILDING • 2,609 SF
      2215 Santa Clara Ave, Alameda, CA 94501-4416
      View Details
    • Value Estimation by Request
      3,779 SF

      2242 Santa Clara Ave

      MEDICAL BUILDING • 3,779 SF
      2242 Santa Clara Ave, Alameda, CA 94501-4417
      View Details
    • Value Estimation by Request
      971 SF

      2100 Otis Dr Ste F

      MEDICAL BUILDING • 971 SF
      2100 Otis Dr Ste F, Alameda, CA 94501-5715
      View Details

    Similar Nearby for Sale

    • $480,000

      Alameda Preschool Business Opportunity

      Thriving preschool, excellent location, strong financials.
      0 Alameda Alameda Ca Usa, Alameda, CA 94501
      View Details
    • $1,580,000
      4,600 SF

      Mixed-Use Property in Alameda Heart

      Three-unit mixed-use property in Alameda with high walkability.
      1707 Lincoln Ave, Alameda, CA 94501
      View Details
    • $1,925,000
      4,104 SF

      Alameda Sixplex with ADU Potential

      Sixplex investment property with ADU potential in Alameda, California.
      954 Park St, Alameda, CA 94501
      View Details
    • $1,349,000

      Alameda Specialty Property For Sale

      Specialty property available for purchase in Alameda, California.
      629 Santa Clara Ave, Alameda, CA 94501
      View Details
    • $998,000

      Alameda Specialty Property For Sale

      Specialty property available for purchase in Alameda, California.
      1572 Lincoln Ave, Alameda, CA 94501
      View Details
    • $1,395,000
      3,228 SF

      Mixed-Use Building with Retail

      Mixed-use building featuring a renovated retail unit and residential space.
      1511-1515 Park St, Alameda, CA 94501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,131 SF

      Alameda Office Space For Rent

      Office building with convenient access to major transportation routes.
      2470 Mariner Square Loop, Alameda, CA 94501
      View Details
    • $1.35 SF/Yr
      63,000 SF

      Alameda Flex Space For Rent

      63,000 SF flex space with office in Alameda.
      2175 Monarch St, Alameda, CA 94501
      View Details
    • Contact for pricing
      19,023 SF

      Waterfront Campus Life Sciences Space

      Premier Alameda campus with office, lab, and research space.
      1001 Marina Village Pkwy, Alameda, CA 94501
      View Details
    • Contact for pricing
      9,688 SF

      Waterfront Campus Life Sciences Space

      Class A office, lab, and research space available for rent.
      1301 Marina Village Pkwy, Alameda, CA 94501
      View Details
    • Contact for pricing
      6,149 SF

      Mixed-Use Development Opportunity

      Retail, residential, and office space available in Alameda, CA.
      2690 Fifth St, Alameda, CA 94501
      View Details
    • Contact for pricing
      14,255 SF

      Alameda Office Space Available

      Office space available for rent in Alameda, California.
      1100 Marina Village Pkwy, Alameda, CA 94501
      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.
    2417 Central Ave
    Alameda, CA 94501-4515
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.