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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Warehouses
2614 Seminary Ave Oakland, CA 94605-1570
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8142265
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1922
Construction
TILT-UP CONCRETE
Total area
5,092 SF
Lot
0.12 ac (5,125 SF)
APN
38-3192-16
UPID
US09-8142265
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
-
Oakland Car Accident Lawyers Law Firm
-
Henry & Henry Adult Day Care II Adult Day Care
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.46M
Owner & transaction history
Henry Allen JR · 5 yrs held
Henry Allen JR
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+123.2%
Restaurant
$1.8M
+89.1%
Medical building
$1.7M
+76.6%
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 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
$1,390,000
ML approach
$1,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$970,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,165,000
Change: +123% · Conversion: Moderate
RESTAURANT
$1,835,000
Change: +89% · Conversion: Difficult
MEDICAL BUILDING
$1,710,000
Change: +77% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,470,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$1,225,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,210,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,010,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.55M (Jan 28 2021)
Last sale anchor
$1.55M
Jan 28 2021
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
$286 / 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
$16,147
Tax year 2024
Assessed value
$1,114,260
Assessed 2024
Previous assessed
$1,114,260
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$265,300
Assessed improvement
$848,960
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1922
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
5,092 SF
Lot
0.12 ac (5,125 SF)
APN
38-3192-16
UPID
US09-8142265
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
WAREHOUSE, STORAGE Current
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1922
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Henry Allen JR
Individual
Mailing address
4022 MALCOLM AVE, OAKLAND, CA 94605-5455
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2021
$1,550,000
Henry Allen JR
Jean M Jackson
Grant Deed
$796,500 · Private Business Capital
Jan 18, 2017
—
Beverly J M Jackson
—
Grant Deed
related
$1,182,442
Dec 29, 2009
—
Jean M Jackson
Jackson,jean
Quit Claim Deed
related
$669,000 · Onecalifornia Bank Fsb
Jul 21, 2000
$350,000
Jackson,jean
Cecelia E Hunt Trustee
Trustees Deed
$200,000 · Seller
Jul 21, 2000
—
Cecilia E Hunt Trustee
Hines,eileen
Trustees Deed
related
—
Jul 30, 1992
—
Eileen Hines
Semave Associate
Grant Deed
related
—
Oct 12, 1984
$53,000
Eileen Hines
—
Grant Deed
related
$60,000
—
—
Jean Jackson
—
Deed Of Trust
related
$23,500 · Hrf Mortgage
—
—
Jean Jackson
—
Deed Of Trust
related
$14,000 · Dorcia A
—
—
Jean M Jackson
—
Deed Of Trust
related
$35,000 · Walter Humphrey
—
—
Jean Jackson
—
Deed Of Trust
related
$485,000 · Interest Income Partners
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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