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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Warehouses
2424 Blanding Ave Alameda, CA 94501-1553
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8695060
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1909
Construction
TILT-UP CONCRETE
Total area
15,182 SF
Lot
0.34 ac (15,000 SF)
APN
70-194-2-1
UPID
US09-8695060
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
Current use
Occupant on record · Public records
-
Dr. Christina Narensky Physician Medical Clinic
-
Island Acupuncture / Tracy Zollinger L.Ac. Alternative Medicine Practice Acupuncture
-
Island Acupuncture Medical Clinic
-
Endemic Architecture Architect Architecture Firm
-
Gracie JiuJitsu Alameda Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Daniel Wingkuen Ng · 1 yrs held
Daniel Wingkuen Ng
since 2024
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 Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,045,000
Current use
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±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
$131 / 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
$37,451
Tax year 2024
Assessed value
$2,185,001
Assessed 2024
Previous assessed
$2,185,001
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$703,326
Assessed improvement
$1,481,675
Applied tax rate
21.0000
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
1909
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Total area
15,182 SF
Lot
0.34 ac (15,000 SF)
APN
70-194-2-1
UPID
US09-8695060
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
$3.0M
WAREHOUSE, STORAGE Current
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
1909
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Daniel Wingkuen Ng
Individual
Free & Clear · 1 yrs held
Mailing address
138 HUDSON BAY, ALAMEDA, CA 94502-7907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
—
Daniel Wingkuen Ng
Daniel Wingkuen Ng
Deed
related
—
Jun 6, 2022
—
Wing K Ng
—
Deed
related
$824,000 · Wells Fargo Bank NA
Mar 10, 2017
—
Wing K Ng
Ng,wing K
Quit Claim Deed
related
—
Dec 3, 2013
—
Daniel W Ng
Daniel W Ng
Intrafamily Transfer
related
$980,000 · Wells Fargo Bank NA
Aug 2, 2005
$1,631,000
Wing K Ng
University Of San Francisco
Grant Deed
$1,141,700 · Bank Of The Orient
Aug 2, 2005
—
Wing K Ng
Ng,janet
Quit Claim Deed
related
—
Apr 22, 2005
—
University Of San Francisco
Staudenraus D M Trust
Grant Deed
—
Jan 3, 2005
—
Staudenraus Dolores M Trust
Staudenraus,dolores M
Quit Claim Deed
related
—
Jun 14, 1988
$700,000
Dolo Staudenraus
Wardell,gail M
Grant Deed
$498,000 · Alameda First Bank
Jul 9, 1973
—
—
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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