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Property profile & analytics
OFF-MARKET
Estimated value
$38,780,000
Flex space
2701 Merced St, San Leandro, CA 94577-5601
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8278607
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1955
Construction
TILT-UP CONCRETE
Total area
136,618 SF
Lot
6.34 ac (276,170 SF)
APN
77B-853-30
UPID
US09-8278607
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
-
Cultured Marble Products Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.16M
Comparable Approach
Comparable
$46.53M
Blend (final)
Blend
$38.78M
Owner & transaction history
Arow Merced 2701 LLC · 3 yrs held
Arow Merced 2701 LLC
since 2022
Last sale
$42.9M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$58.0M
+105.7%
Medical building
$54.0M
+91.4%
Office building
$45.4M
+60.8%
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 Leandro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Leandro 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
$36,400,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$27,255,000
6.5%
$25,160,000
7%
$23,360,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$28,215,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$58,040,000
Change: +106% · Conversion: Difficult
MEDICAL BUILDING
$54,010,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$45,360,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$45,140,000
Change: +60% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$39,920,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$39,635,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$38.78M
Range $34.90M – $42.66M · ±10% · vs last sale $42.90M (Jul 14 2022)
Last sale anchor
$42.90M
Jul 14 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
$284 / 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
$538,631
Tax year 2024
Assessed value
$43,758,000
Assessed 2024
Previous assessed
$43,758,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$14,076,000
Assessed improvement
$29,682,000
Applied tax rate
10.0000
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
1955
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
5
Bathrooms
7
Total area
136,618 SF
Lot
6.34 ac (276,170 SF)
APN
77B-853-30
UPID
US09-8278607
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
$28.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$58.0M
MEDICAL BUILDING
Est. value
$54.0M
OFFICE BUILDING
Est. value
$45.4M
AUTO REPAIR, GARAGE
Est. value
$45.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$39.9M
COMMERCIAL (GENERAL)
Est. value
$39.6M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1
Buildings
2
Units
5
Bathrooms
7
Lot
6.34 ac
Current owner
From public records · entity-resolved
Arow Merced 2701 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
155 MONTGOMERY ST STE #500, SAN FRANCISCO, CA 94104-4110
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
$42,900,000
Arow Merced 2701 LLC
Mission Taylor Properties
Grant Deed
—
Dec 11, 2000
—
Mission-tayloe Properties
—
Deed Of Trust
related
$1,600,000 · Wells Fargo Bank
Nov 19, 1993
$3,000,000
Mission Taylor Properties LP
Casc Corp
Grant Deed
$1,600,000 · Centennial Bank
Feb 10, 1993
—
Casc Corp
Manufacturers Ba
Grant Deed
related
—
Oct 9, 1992
—
Manufacturers Bank
Bay West San Lea
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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