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Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Retail space
2661 Ocean Ave 2675 San Francisco, CA 94132-1615
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-6150948
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1949
Construction
WOOD
Total area
6,852 SF
Lot
0.14 ac (6,107 SF)
Zoning code
NC1
APN
7226 -017
UPID
US09-6150948
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
-
Lakeside Shoe Repair (Bike/Boat/Book/etc) Store
-
Fidelity National Title Title Company Escrow Service
-
Clare Lau Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
Wong Raymond
Wong Raymond
since 2026
7 recorded transactions
Zoning & alternative use
NC1 · San Francisco, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 San Francisco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Francisco 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,495,000
Current use
OFFICE BUILDING
$3,285,000
Change: -6% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,930,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±10%
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
$340 / 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
$40,351
Tax year 2024
Assessed value
$3,377,219
Assessed 2024
Previous assessed
$3,377,219
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,026,333
Assessed improvement
$1,350,886
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
NONE
Stories
2
Units
3
Rooms
19
Bathrooms
3
Total area
6,852 SF
Lot
0.14 ac (6,107 SF)
Zoning code
NC1
APN
7226 -017
UPID
US09-6150948
Jurisdiction
SAN FRANCISCO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
NC1 · San Francisco, CA
Zoning NC1 · permitted uses
NC1 · San Francisco, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Francisco. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES Current
OFFICE BUILDING
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
1949
Construction
WOOD
Heating
NONE
Stories
2
Units
3
Rooms
19
Bathrooms
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Wong Raymond
Individual
Mailing address
2112 LK ST, SAN FRANCISCO, CA 94121-1212
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
May 4, 2026
$3,500,000
Wong Raymond
Yee Pearl
Grant Deed
—
May 9, 2017
—
Yee,p & Wong D 2013 Trust
—
Deed
related
$2,000,000 · First Nat'l Bk/nthrn Ca
May 21, 2013
—
Wong,d F 2013 Trust
Yee,pearl
Quit Claim Deed
related
—
Jan 30, 2009
$2,675,000
Douglas Wong
Fathy Real Estate Ptrnrs
Grant Deed
$1,458,000 · East West Bank
Jul 28, 2008
—
Ehikian Richard G Tr
Ehikian,dorothy
Affidavit Of Death
related
—
Dec 20, 2007
—
Ehikian Bradley R 2001 Trust
Ehikian Richard G & D
Quit Claim Deed
related
—
Aug 18, 2000
—
Richard G Ehikian Trustee
Ehikian,dorothy
Quit Claim Deed
related
—
Feb 1, 1996
—
Fathy Real Estate Partners
Fathy,alice
Quit Claim Deed
related
—
May 20, 1992
—
Alice Fathy
Ohikian,n./fathy
Quit Claim Deed
related
—
—
—
Douglas Wong
—
Deed Of Trust
related
$1,450,000 · Bank Of The West
—
—
Yee,p & Wong D 2013 Trust
—
Deed Of Trust
related
$2,000,000 · First Nat'l Bk/nthrn Ca
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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