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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Retail space
2491 1st St Livermore, CA 94550-3111
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7911180
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
TILT-UP CONCRETE
Total area
7,150 SF
Lot
0.56 ac (24,266 SF)
APN
97-112-10-1
UPID
US09-7911180
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
-
Bike Rack - 2491 First St Bicycle Rack
-
Sultan's Kebab Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.59M
Owner & transaction history
Serengeti Holdings LLC · 7 yrs held
Serengeti Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+19.5%
Auto repair, garage
$2.3M
+13.5%
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 Livermore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livermore 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
RETAIL STORES
$2,030,000
Current use
OFFICE BUILDING
$2,425,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,305,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,000,000
Change: -1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,745,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±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
$222 / 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
$45,437
Tax year 2023
Assessed value
$3,201,354
Assessed 2024
Previous assessed
$3,138,590
+2.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,154,685
Assessed improvement
$2,046,669
Applied tax rate
16.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Bathrooms
2
Total area
7,150 SF
Lot
0.56 ac (24,266 SF)
APN
97-112-10-1
UPID
US09-7911180
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
RETAIL STORES Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1945
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Bathrooms
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Serengeti Holdings LLC
Entity
Free & Clear · 7 yrs held
Mailing address
8019 JORGENSEN LN, PLEASANTON, CA 94588-8200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2019
—
Serengeti Holdings LLC
Mec Dev LLC
Quit Claim Deed
—
Dec 17, 2014
$2,700,000
Dev LLC|duggal Akhil Mec
Kpo LLC
Grant Deed
—
May 14, 2004
—
Paul O Larson
Larson,bonnie E
Quit Claim Deed
related
—
May 14, 2004
$1,650,000
Kpo LLC
Larson,paul O
Grant Deed
—
Aug 23, 1990
—
Paul O Larson
—
Quit Claim Deed
related
$57,000 · Bay Area Bank
Mar 28, 1983
—
Paul O Larson
—
Grant Deed
related
—
Jun 1, 1981
—
—
—
Grant Deed
related
—
—
—
Paul O Larson
—
Deed Of Trust
related
$89,000 · Individual
—
—
Paul O Larson
—
Deed Of Trust
related
—
—
—
Kpo LLC
—
Deed Of Trust
related
—
—
—
Paul O Larson
—
Deed Of Trust
related
$668,000 · Bay Area Bank
—
—
Paul O Larson
—
Deed Of Trust
related
$150,000 · Bank Of Livermore
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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