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Property profile & analytics
OFF-MARKET
Estimated value
$6,350,000
Retail space
2489 Discovery Bay Blvd Discovery Bay, CA 94505-1011
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-3245511
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
21,149 SF
Lot
3.73 ac (162,348 SF)
Zoning code
P-1
APN
008-330-064-0
UPID
US09-3245511
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
-
Pierce Chiropractic Group Inc. Alternative Medicine Practice
-
Campbell Lee DC Alternative Medicine Practice
-
Discovery Bay Dental Dental Office
-
Hinkle Tricia Dental Office
-
Dr. Richard Pierce Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.29M
CAP Approach
CAP
$8.32M
Comparable Approach
Comparable
$8.07M
Blend (final)
Blend
$6.35M
Owner & transaction history
Polar Express Marine LLC · 1 yrs held
Polar Express Marine LLC
since 2024
7 recorded transactions
Zoning & alternative use
P-1 · Discovery Bay, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.3M
+81.7%
Medical building
$7.7M
+51.0%
Commercial (general)
$7.4M
+44.7%
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 Discovery Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Discovery Bay 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
$6,290,000
ML approach
$6,290,000
CAP Approach
CAP Return
Estimation
6%
$9,015,000
6.5%
$8,320,000
7%
$7,725,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,090,000
Current use
RESTAURANT
$9,250,000
Change: +82% · Conversion: Easy
MEDICAL BUILDING
$7,680,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,360,000
Change: +45% · Conversion: Easy
OFFICE BUILDING
$7,270,000
Change: +43% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,775,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,605,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$6.35M
Range $5.72M – $6.99M · ±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
$300 / 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
$70,966
Tax year 2024
Assessed value
$6,328,324
Assessed 2024
Previous assessed
$6,328,324
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,260,072
Assessed improvement
$5,068,252
Applied tax rate
60.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
5
Stories
1
Total area
21,149 SF
Lot
3.73 ac (162,348 SF)
Zoning code
P-1
APN
008-330-064-0
UPID
US09-3245511
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
P-1 · Discovery Bay, CAZoning P-1 · permitted uses
P-1 · Discovery Bay, CA
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
RETAIL STORES Current
Est. value
$5.1M
RESTAURANT
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.6M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2005
Heating
NONE
Stories
1
Buildings
5
Lot
3.73 ac
Current owner
From public records · entity-resolved
Polar Express Marine LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5901 MARINA RD, DISCOVERY BAY, CA 94505-9185
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
Polar Express Marine LLC
—
Deed
related
$3,350,000 · Bank Of Marin
Dec 4, 2024
—
Polar Express Marine LLC
2453 Discovery Bay LLC
Grant Deed
—
Mar 4, 2024
$6,287,500
2453 Discovery Bay LLC
Lakeview Business Plaza LLC
Grant Deed
$3,840,000 · Lakeview Business Plaza LLC
Sep 9, 2015
—
Lakeview Business Plaza LLC
Lakeview Business Plaza LLC
Intrafamily Transfer
related
$2,750,000 · Jpmorgan Chase Bank NA
Nov 18, 2004
—
Lakeview Business Plaza LLC
Todorovic,michael & Janet
Grant Deed
related
—
Aug 23, 2004
—
Michael Todorovic
—
Trustees Deed
related
$4,000,000 · Heritage Bank East Bay
Apr 23, 1979
—
—
—
Grant Deed
related
—
—
—
Lakeview Business Plaza LLC
—
Deed Of Trust
related
$420,000 · Heritage Bank Of Commerce
—
—
Lakeview Business Plaza LLC
—
Deed Of Trust
related
$3,000,000 · Washington Mutual Fsb
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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