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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Investment properties
2531 Santa Clara Ave Alameda, CA 94501-4633
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8578612
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1926
Construction
WOOD
Total area
2,901 SF
Lot
0.1 ac (4,373 SF)
APN
70-169-25
UPID
US09-8578612
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
$1.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.53M
Owner & transaction history
Aaron Michael Chang · 1 yrs held
Aaron Michael Chang
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+57.2%
Medical building
$1.1M
+46.3%
Auto repair, garage
$935,000
+19.1%
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
$1,530,000
ML approach
$1,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,230,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$1,145,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$935,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±10% · vs last sale $1.53M (May 24 2024)
Last sale anchor
$1.53M
May 24 2024
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
$527 / 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
$14,837
Tax year 2023
Assessed value
$868,115
Assessed 2024
Previous assessed
$851,096
+2.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$270,901
Assessed improvement
$597,214
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1926
Construction
WOOD
Heating
NONE
Buildings
3
Stories
2
Units
4
Rooms
11
Bathrooms
3
Total area
2,901 SF
Lot
0.1 ac (4,373 SF)
APN
70-169-25
UPID
US09-8578612
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$935,000
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1926
Construction
WOOD
Heating
NONE
Stories
2
Buildings
3
Units
4
Rooms
11
Bathrooms
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Aaron Michael Chang
Individual
Mailing address
525 S 34TH AVE, SAN FRANCISCO, CA 94121-2705
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
—
Aaron Michael Chang
Aaron Michael Chang
Deed
related
—
May 24, 2024
$1,528,000
Hsuan Chang Kuo
Daniel B Mitchell
Grant Deed
—
May 24, 2024
—
Hsuan Chang Kuo
Chih Yuan Chiao
Intrafamily Transfer
related
—
Jun 14, 2023
—
Daniel B Mitchell
Daniel B Mitchell
Intrafamily Transfer
related
—
Jul 7, 2011
$705,000
Daniel B Mitchell
Curby G & M Family Trust
Grant Deed
—
Jul 7, 2011
—
Daniel B Mitchell
Mitchell,mary A
Quit Claim Deed
related
$458,250 · Mid Valley Services INC
Aug 6, 2010
—
Matthew Vaughn
Curby,george H & Margaret A
Affidavit Of Death
related
—
Dec 28, 2000
—
Curby Trust
Curby,george H & Margaret A
Quit Claim Deed
related
—
May 6, 1976
—
George H Curby
—
Grant Deed
related
—
—
—
Daniel B Mitchell
—
Deed Of Trust
related
$465,000 · Fresno First Bk
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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