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Property profile & analytics
FOR LEASE
Office buildings
268 Grand Ave Oakland, CA 94610
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-8364485
For Lease
1 / 2
$5,395,000
268 Grand Ave, Oakland, CA 94610
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
TILT-UP CONCRETE
Total area
14,700 SF
Lot
0.24 ac (10,395 SF)
APN
10-771-18
UPID
US09-8364485
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
-
America`s Job Center of California - Oakland Career Center by the Lake Employment Agency
-
Green Cooperatives Centers Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.20M
Blend (final)
Blend
$5.40M
Owner & transaction history
Schmidt Lithograh Holding Company L · 4 yrs held
Schmidt Lithograh Holding Company L
since 2022
Last sale
$6.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.2M
+76.3%
Restaurant
$5.3M
+49.4%
Medical building
$4.9M
+39.5%
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
$5,065,000
ML approach
$5,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,540,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,245,000
Change: +76% · Conversion: Difficult
RESTAURANT
$5,295,000
Change: +49% · Conversion: Moderate
MEDICAL BUILDING
$4,940,000
Change: +39% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,245,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$3,495,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,240,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$5.40M
Range $4.86M – $5.93M · ±10% · vs last sale $6.85M (May 2 2022)
Last sale anchor
$6.85M
May 2 2022
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
$367 / 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
$100,625
Tax year 2023
Assessed value
$7,126,740
Assessed 2024
Previous assessed
$6,987,000
+2.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$2,861,100
Assessed improvement
$4,265,640
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Bathrooms
2
Total area
14,700 SF
Lot
0.24 ac (10,395 SF)
APN
10-771-18
UPID
US09-8364485
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
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.2M
RESTAURANT
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
RETAIL STORES
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Bathrooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Schmidt Lithograh Holding Company L
Entity
Mailing address
400 CONTINENTAL BLVD STE #250, EL SEGUNDO, CA 90245-5089
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
$6,850,000
Schmidt Lithograh Holding Company L
Rosewood Enterprises LLC
Grant Deed
$3,425,000 · City National Bank
May 2, 2022
—
Schmidt Lithograph Holding Company
—
Deed
related
$2,816,000 · California Statewide Certified Developme
Jan 6, 2017
—
Rosewood Ents LLC
—
Deed
related
$2,250,000 · First Republic Bk
Jan 3, 2017
$4,500,000
Rosewood Enterprises LLC
Cfph Associates LLC
Grant Deed
$2,250,000 · First Republic Bank
Sep 1, 2004
$975,000
Cfph Associates LLC
American Baptist Churches Of West
Grant Deed
—
Sep 24, 1999
$975,000
Cfph Associates LLC
American Baptist Church
Grant Deed
$735,000 · Summit Bank
Jul 30, 1992
—
American Baptist Churches Of Nor
—
Quit Claim Deed
related
$1,025,000 · American Bank
—
—
American Baptist Churches Of Nor
—
Deed Of Trust
related
$863,000 · Wells Fargo Bank
—
—
Rosewood Ents LLC
—
Deed Of Trust
related
$2,250,000 · First Republic Bk
—
—
American Baptist Churches
—
Deed Of Trust
related
$1,100,000 · American Baptist Cu
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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