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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Flex space
2650 Magnolia St Oakland, CA 94607-2400
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8114235
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1925
Construction
TILT-UP CONCRETE
Total area
11,394 SF
Lot
0.55 ac (24,076 SF)
APN
5-446-7
UPID
US09-8114235
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
by Request
CAP Approach
CAP
$2.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.31M
Owner & transaction history
Cuong Do
Cuong Do
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.8M
+1.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,325,000
6.5%
$2,145,000
7%
$1,990,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,780,000
Current use
MEDICAL BUILDING
$3,830,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±10% · vs last sale $2.90M (Jun 23 2025)
Last sale anchor
$2.90M
Jun 23 2025
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
$203 / 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
$28,021
Tax year 2024
Assessed value
$1,833,684
Assessed 2024
Previous assessed
$1,833,684
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$928,448
Assessed improvement
$905,236
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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
11,394 SF
Lot
0.55 ac (24,076 SF)
APN
5-446-7
UPID
US09-8114235
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
$3.8M
MEDICAL BUILDING
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Cuong Do
Individual
Mailing address
7617 OUTLOOK AVE, OAKLAND, CA 94605-2925
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2025
$2,900,000
Cuong Do
Laher Spring Properties LLC
Grant Deed
$2,500,000 · Laher Spring Properties LLC
Sep 23, 2025
—
Cuong Do
Wei Cai
Deed
related
—
Mar 4, 2022
—
Laher Spring Properties LLC
—
Deed
related
$1,600,000 · East West Bank
Jul 20, 2018
—
Laher Spring Properties LLC
—
Deed
related
$250,000 · Bay Commercial Bank
Aug 14, 2015
$1,580,000
Laher Spring Properties LLC
Tommy Chang
Grant Deed
$1,572,900 · Seacoast Commerce Bank
Jan 8, 2008
$1,180,000
Tommy Chang
Linford-magnolia Properties
Grant Deed
$944,000 · Linford-magnolia Properties
Dec 17, 1980
—
Linfordmagnolia Properties
—
Grant Deed
related
—
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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