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Property profile & analytics
OFF-MARKET
Estimated value
$32,545,000
Warehouses
2480 Baumann Ave ABC, San Lorenzo, CA 94580-1802
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7953374
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Construction
TILT-UP CONCRETE
Total area
121,987 SF
Lot
6.2 ac (270,072 SF)
APN
438-10-4-8
UPID
US09-7953374
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
by Request
CAP Approach
CAP
$28.64M
Comparable Approach
Comparable
$36.07M
Blend (final)
Blend
$32.55M
Owner & transaction history
Sba Steel II LLC · 3 yrs held
Sba Steel II LLC
since 2022
Last sale
$34.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$51.8M
+112.0%
Medical building
$48.2M
+97.3%
Office building
$41.4M
+69.2%
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 San Lorenzo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Lorenzo 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
$28,510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$31,025,000
6.5%
$28,635,000
7%
$26,590,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$24,450,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$51,825,000
Change: +112% · Conversion: Moderate
MEDICAL BUILDING
$48,225,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$41,370,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$39,285,000
Change: +61% · Conversion: Easy
RETAIL STORES
$34,615,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$34,160,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$32.55M
Range $29.29M – $35.80M · ±10% · vs last sale $34.75M (Sep 8 2022)
Last sale anchor
$34.75M
Sep 8 2022
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
$267 / 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
$414,247
Tax year 2024
Assessed value
$34,629,000
Assessed 2024
Previous assessed
$34,629,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$10,200,000
Assessed improvement
$24,429,000
Applied tax rate
80.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Bathrooms
1
Total area
121,987 SF
Lot
6.2 ac (270,072 SF)
APN
438-10-4-8
UPID
US09-7953374
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
$24.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$51.8M
MEDICAL BUILDING
Est. value
$48.2M
OFFICE BUILDING
Est. value
$41.4M
AUTO REPAIR, GARAGE
Est. value
$39.3M
RETAIL STORES
Est. value
$34.6M
COMMERCIAL (GENERAL)
Est. value
$34.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Bathrooms
1
Lot
6.2 ac
Current owner
From public records · entity-resolved
Sba Steel II LLC
Entity
Mailing address
1099 18TH ST STE #2900, DENVER, CO 80202-1929
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
—
Sba Steel II LLC
Esw LLC
Agreement Of Sale
—
Sep 8, 2022
$34,750,000
Ew Sb Ca San Lorenzo 2480 LLC
Esw LLC
Grant Deed
—
May 20, 2020
—
Esw LLC
—
Deed
related
$5,800,000 · River City Bank
Dec 21, 2009
—
Towerco Assets LLC
Esw LLC
Grant Deed
related
—
Apr 1, 2004
—
Realty Associates Fund Vi LP
—
Deed Of Trust
related
$330,000,000 · Prudential Insurance Co
Dec 23, 2002
—
Realty Associates Fund Vi LP
Aitchison Family Properties
Grant Deed
related
—
Jul 10, 1996
$1,860,500
Pierce Trust
Bough Man Partners
Grant Deed
—
Sep 24, 1981
$41,500
Aitchison Family Partnership
—
Grant Deed
related
—
—
—
Esw LLC
—
Deed Of Trust
related
$4,457,500 · Bank Of The West
—
—
Realty Associates Fund Vi
—
Deed Of Trust
related
$111,000 · Prudential Insurance Co
—
—
Esw LLC
—
Deed Of Trust
related
$2,000,000 · Capital Access Group
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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