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Property profile & analytics
OFF-MARKET
Estimated value
$8,435,000
Office buildings
2490 Mariner Sq Loop Alameda, CA 94501-1062
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-8692088
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
TILT-UP CONCRETE
Total area
42,996 SF
Lot
1.94 ac (84,506 SF)
APN
74-905-44
UPID
US09-8692088
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
-
NetSol Technologies North America, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Garcia Hernandez Sawhney LLP Law Firm
-
Financial Wize Mortgage Lenders Alameda CA Nursing Home Retirement Community
-
Center for Independent Living (Alameda Office) Charitable Organization Social Service Agency
-
frank l. kucera & associates, pc. Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.44M
Owner & transaction history
North River Alameda LLC · 7 yrs held
North River Alameda LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.8M
+18.2%
Apartment house (5+ units)
$12.9M
+10.4%
Retail stores
$12.2M
+4.2%
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 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
OFFICE BUILDING
$11,715,000
Current use
AUTO REPAIR, GARAGE
$13,845,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,935,000
Change: +10% · Conversion: Easy
RETAIL STORES
$12,200,000
Change: +4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,620,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$8.44M
Range $7.59M – $9.28M · ±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
$196 / 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
$185,155
Tax year 2023
Assessed value
$14,162,507
Assessed 2024
Previous assessed
$13,884,860
+2.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$3,237,144
Assessed improvement
$10,925,363
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
9
Bathrooms
2
Total area
42,996 SF
Lot
1.94 ac (84,506 SF)
APN
74-905-44
UPID
US09-8692088
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
OFFICE BUILDING Current
Est. value
$11.7M
AUTO REPAIR, GARAGE
Est. value
$13.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.9M
RETAIL STORES
Est. value
$12.2M
COMMERCIAL (GENERAL)
Est. value
$11.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
9
Bathrooms
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
North River Alameda LLC
Entity
Mailing address
610 W 26TH ST #910, NEW YORK, NY 10001-1164
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2018
$44,000,000
North River Alameda LLC
Alameda Center Owner LLC
Trustees Deed
related
$26,500,000 · Miscellaneous Ins Co
Jan 25, 2018
—
Alameda Center Owner LLC
—
Loan Modification
related
$18,220,094 · Wells Fargo Bk
Jul 2, 2015
$19,600,000
Alameda Center Owner LLC
Legacy Partners I Alameda Mariner L
Grant Deed
$15,925,000 · Wells Fargo Bank NA
Apr 14, 2006
—
Partners I Alameda Mari Legacy
Owner,record
Grant Deed
—
—
—
Legacy Partners I Alameda Mari
—
Loan Modification
related
$19,444,331 · Macquarie Bk
—
—
Legacy Ptrs I Alameda Mariner
—
Deed Of Trust
related
$19,444,331 · Societe Generale
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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