New search
Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Medical Office Space
2437 Lincoln Ave Alameda, CA 94501-2914
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-7301090
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
WOOD
Total area
4,800 SF
Lot
0.25 ac (10,796 SF)
APN
70-191-19-1
UPID
US09-7301090
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
-
Hanco Manufacturing Co Industrial Manufacturer Production Facility
-
Ting Paul H DDS Dental Office
-
Lee Amy DDS Dental Office
-
Pacheco Mark a DDS Dental Office
-
Liho Dental Laboratory Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$781k
Blend (final)
Blend
$805k
Owner & transaction history
Waylen K Wang · 1 yrs held
Waylen K Wang
since 2025
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
Blend value · Realmo final
$805k
Range $725k – $886k · ±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
$168 / 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
$30,589
Tax year 2023
Assessed value
$2,143,986
Assessed 2024
Previous assessed
$2,101,962
+2.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$489,318
Assessed improvement
$1,654,668
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Bathrooms
4
Total area
4,800 SF
Lot
0.25 ac (10,796 SF)
APN
70-191-19-1
UPID
US09-7301090
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
1960
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Waylen K Wang
Individual
Mailing address
98 STEUBEN BAY, ALAMEDA, CA 94502-6406
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
—
Waylen K Wang
Waylen K Wang
Deed
related
—
Jul 31, 2024
—
Wayne Hungwing Lee
—
Deed
related
$716,000 · Bank Of America NA
Jul 20, 2017
—
Wayne Hungwing Lee
—
Deed
related
$78,500 · Gbc International Bank
Feb 15, 2011
—
Lee Wayne H & Lina S M Trust
Lee,wayne H & Lina S M
Quit Claim Deed
related
—
Jul 31, 2007
$1,350,000
Wayne Lee
Hanan Thomas A Trust
Grant Deed
$825,000 · Guaranty Bank California
Sep 13, 2006
—
Hanan Thomas A Trust
Hanan,thomas
Quit Claim Deed
related
—
Sep 18, 2002
—
Thomas Hanan
Hanan,tr
Quit Claim Deed
related
—
Dec 3, 1985
—
Hanan,john O|hanan,eileen Tr
—
Warranty Deed
related
—
Jun 28, 1974
—
—
—
Grant Deed
related
—
—
—
Thomas Hanan
—
Deed Of Trust
related
$22,000 · Roebuck Trust
—
—
Thomas Hanna
—
Deed Of Trust
related
$400,000 · East Bay Head & Neck Surgery
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2437 Lincoln Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
