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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Flex space
2607 38th Ave Oakland, CA 94619-1003
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-8163450
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1932
Construction
WOOD
Total area
2,678 SF
Lot
0.07 ac (3,128 SF)
APN
32-2064-12
UPID
US09-8163450
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
$775k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$775k
Owner & transaction history
Trevor Stafford · 2 yrs held
Trevor Stafford
since 2024
Last sale
$775,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+47.1%
Medical building
$900,000
+16.4%
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 Oakland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakland 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
$775,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$775,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,140,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$900,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$645,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$635,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $775k (Apr 8 2024)
Last sale anchor
$775k
Apr 8 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
$289 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$5,052
Tax year 2024
Assessed value
$261,468
Assessed 2024
Previous assessed
$261,468
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$65,143
Assessed improvement
$196,325
Applied tax rate
17.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1932
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,678 SF
Lot
0.07 ac (3,128 SF)
APN
32-2064-12
UPID
US09-8163450
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
INDUSTRIAL (GENERAL) Current
Est. value
$775,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$900,000
OFFICE BUILDING
Est. value
$645,000
RETAIL STORES
Est. value
$635,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1932
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Trevor Stafford
Individual
Mailing address
2607 38TH AVE, OAKLAND, CA 94619-1003
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Apr 8, 2024
$775,000
Trevor Stafford
Michael S Falk
Grant Deed
$575,000 · Tanenbaum Adams Family Trust
Dec 13, 2018
—
Carol S Tanenbaum
Tanenbaum-adams Fam L/tr
Quit Claim Deed
related
—
Jul 19, 2007
—
John R Adams
Adams,john
Quit Claim Deed
related
—
May 28, 1996
$98,000
Michael S Falk
Lawson,james M & Edna L
Grant Deed
$141,800 · Wausau Mortgage Corp
Jan 12, 1990
$140,000
James Lawson
Pratt,b.&m.
Grant Deed
$105,000 · Individual
—
—
James Lawson
—
Deed Of Trust
related
$1,000 · Chrysler First Fin'l Services
—
—
James Lawson
—
Deed Of Trust
related
$165,000 · Chrysler First Fin'l Services
—
—
James Lawson
—
Deed Of Trust
related
$284,000 · Union Bank
—
—
Michael S Falk
—
Deed Of Trust
related
$146,000 · Lalime Trust
—
—
Bruce Pratt
—
Deed Of Trust
related
$71,000 · Bank Of San Francisco
—
—
James Lawson
—
Deed Of Trust
related
$105,000 · Chrysler First Fin'l Services
—
—
Michael S Falk
—
Deed Of Trust
related
$138,344 · Pacific Guarantee Mortgage
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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