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Property profile & analytics
OFF-MARKET
Estimated value
$5,950,000
Office buildings
2600 Central Ave Union City, CA 94587-3187
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-6825608
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
TILT-UP CONCRETE
Total area
23,452 SF
Lot
2.28 ac (99,317 SF)
APN
475-147-124
UPID
US09-6825608
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
-
Union City Kitchen & Bathroom Construction Company General Contractor
-
Commercial Collection-America Law Firm
-
J & L Metals Trading LLC Auto Parts Store Waste Management Facility
-
PCOM Property Management Company
-
Regis J Amann Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.89M
CAP Approach
CAP
$7.78M
Comparable Approach
Comparable
$7.38M
Blend (final)
Blend
$5.95M
Owner & transaction history
On Lok Senior Health Services · 3 yrs held
On Lok Senior Health Services
since 2023
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.3M
+16.6%
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 Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City 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
$5,720,000
ML approach
$5,890,000
CAP Approach
CAP Return
Estimation
6%
$8,425,000
6.5%
$7,780,000
7%
$7,220,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,955,000
Current use
MEDICAL BUILDING
$9,270,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,550,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$6,655,000
Change: -16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,565,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$5.95M
Range $5.36M – $6.55M · ±10% · vs last sale $6.10M (Mar 31 2023)
Last sale anchor
$6.10M
Mar 31 2023
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
$254 / 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
$24,593
Tax year 2023
Assessed value
$6,219,450
Assessed 2024
Previous assessed
$1,599,701
+288.8% YoY
Effective rate
0.40%
On assessed value
Assessed land
$4,559,400
Assessed improvement
$1,660,050
Applied tax rate
15.0000
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
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
19
Total area
23,452 SF
Lot
2.28 ac (99,317 SF)
APN
475-147-124
UPID
US09-6825608
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
$8.0M
MEDICAL BUILDING
Est. value
$9.3M
AUTO REPAIR, GARAGE
Est. value
$7.6M
RETAIL STORES
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$6.6M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
19
Lot
2.28 ac
Current owner
From public records · entity-resolved
On Lok Senior Health Services
Individual
Free & Clear · 3 yrs held
Mailing address
1333 BUSH ST, SAN FRANCISCO, CA 94109-5611
Ownership since
2023
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
Mar 31, 2023
$6,098,000
On Lok Senior Health Services
Julius Aires
Grant Deed
—
May 18, 2021
—
Charles Lawrence Marks
Charles Lawrence Marks
Intrafamily Transfer
related
—
Oct 27, 2016
$170,000
Marks 1999 Family Trust
Kaden,robert J & Eleanor R
Grant Deed
—
Feb 24, 2006
—
Aires Julius Trust
Aires,julius & Nina W
Quit Claim Deed
related
—
Oct 28, 2004
—
Marks 1999 Family Trust
Marks,charles L & Gladys H
Quit Claim Deed
related
—
Jul 14, 1997
—
Lithgow Trust
Lithgow,alex R & Karen A
Quit Claim Deed
related
—
Aug 26, 1994
—
Norman M Price
Price,nancy W
Quit Claim Deed
related
—
Feb 23, 1994
$895,000
Julius Aires
First Nationwide
Grant Deed
—
May 4, 1993
—
First Nationwide Bank
Standard Trust D
Trustees Deed
related
—
Apr 7, 1989
$930,000
V Zenklusen
Espicha,r.
Grant Deed
$658,000 · Individual
—
—
Richard Espicha
—
Deed Of Trust
related
$110,000 · Croop Enterprise
—
—
V Zenklusen
—
Deed Of Trust
related
$1,825,000 · First Nationwide Bank
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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