Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2518 Manchester Ave San Pablo, CA 94806-2848

    • Apartment buildings
    • 6,925 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Jul 27, 2025
    $1,840,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0203660
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2518 Manchester Ave

    Year built
    1965
    Lot size
    0.20 lot acres
    Property size
    6,925 SF
    Property type
    Apartment buildings
    APN
    412-041-002-4
    APU
    4120410024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Pablo
    County
    Contra Costa
    State
    California
    Longitude
    -122.353
    Latitude
    37.9685
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $25,311
    $547,105
    $836,344
    $1,383,449
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $370,000
      14,400 SF

      1318 Bush Ave

      APARTMENT HOUSE (5+ UNITS) • 14,400 SF
      1318 Bush Ave, San Pablo, CA 94806-4655
      View Details
    • Value Estimation
      $770,000
      35,577 SF

      2645 Church Ln

      APARTMENT HOUSE (5+ UNITS) • 35,577 SF
      2645 Church Ln, San Pablo, CA 94806-3265
      View Details
    • Value Estimation
      $310,000
      3,444 SF

      1717 Market Ave

      APARTMENT HOUSE (5+ UNITS) • 3,444 SF
      1717 Market Ave, San Pablo, CA 94806-4471
      View Details
    • Value Estimation
      $285,000
      3,100 SF

      1729 Market Ave

      APARTMENT HOUSE (5+ UNITS) • 3,100 SF
      1729 Market Ave, San Pablo, CA 94806-4472
      View Details
    • Value Estimation
      $315,000
      4,440 SF

      1828 Powell St

      APARTMENT HOUSE (5+ UNITS) • 4,440 SF
      1828 Powell St, San Pablo, CA 94806-4849
      View Details
    • Value Estimation
      $320,000
      4,518 SF

      1937 Powell St

      APARTMENT HOUSE (5+ UNITS) • 4,518 SF
      1937 Powell St, San Pablo, CA 94806-3660
      View Details

    Similar Nearby for Sale

    • $1,475,000
      3,426 SF

      San Pablo 5-Unit Apartment Building

      Five-unit apartment building, excellent location
      1100 Amador St, San Pablo, CA 94806
      View Details
    • $639,500
      1,776 SF

      San Pablo Duplex Opportunity

      Duplex in San Pablo with income potential.
      1617 17Th St, San Pablo, CA 94806
      View Details
    • $103,888

      San Pablo Mobile Home

      Affordable mobile home near shopping, schools, and public transport.
      1153 Rumrill Blvd, San Pablo, CA 94806
      View Details
    • $650,000

      San Pablo Duplex Investment Opportunity

      Duplex in San Pablo with recent improvements, great investment.
      2143 Sanford Ave, San Pablo, CA 94806
      View Details
    • $220,000

      San Pablo Dam Road Land

      Land suitable for telecommunication, utilities, and community facilities.
      2700 San Pablo Dam Rd, Richmond, CA 94806
      View Details
    • $129,999

      Turnkey Cajun Seafood Restaurant

      Profitable, established Cajun seafood restaurant in San Pablo, California.
      2300 El Portal Dr, Richmond, CA 94806
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr

      Hilltop Mall Fitness Center Space

      1710 sq ft Retail Fitness Space in Richmond
      2126 Hilltop Mall Rd, Richmond, CA 94806
      View Details
    • Contact for pricing

      Richmond Truck Terminal Yard Space

      2.5 acre paved, secure yard in Pinole Point.
      2900 Atlas Rd, Richmond, CA 94806
      View Details
    • Contact for pricing
      4,290 SF

      San Pablo Office Space Available

      Office space for rent in high-traffic area, San Pablo.
      3223 Blume Dr, San Pablo, CA 94806
      View Details
    • $700 /Mo
      983 SF

      Professional Office Space Available

      Professional office space suitable for various administrative services.
      Vale Rd, San Pablo, CA 94806
      View Details
    • Contact for pricing

      Modern Retail Space in Richmond

      Prime retail location with high visibility and accessibility.
      3190 Klose Way, Richmond, CA 94806
      View Details
    • $700 /Mo

      Professional Office Space Available

      Professional office space suitable for various administrative services.
      2089 Vale Rd, San Pablo, CA 94806
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2518 Manchester Ave
    San Pablo, CA 94806-2848
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.