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Property profile & analytics
OFF-MARKET
Estimated value
$11,880,000
Warehouses
2933 Alvarado St, San Leandro, CA 94577-5705
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8268820
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
TILT-UP CONCRETE
Total area
53,805 SF
Lot
2.26 ac (98,365 SF)
APN
77B-1201-21
UPID
US09-8268820
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
$8.12M
CAP Approach
CAP
$12.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.88M
Owner & transaction history
Cref3 Alvarado Owner LLC · 3 yrs held
Cref3 Alvarado Owner LLC
since 2022
Last sale
$12.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.9M
+57.0%
Auto repair, garage
$17.8M
+56.3%
Apartment house (5+ units)
$15.7M
+38.2%
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
$10,395,000
ML approach
$8,115,000
CAP Approach
CAP Return
Estimation
6%
$13,685,000
6.5%
$12,630,000
7%
$11,730,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,380,000
Current use
OFFICE BUILDING
$17,865,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,780,000
Change: +56% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$15,720,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,610,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$11.88M
Range $10.69M – $13.07M · ±10% · vs last sale $12.25M (Sep 2 2022)
Last sale anchor
$12.25M
Sep 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
$221 / 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
$154,153
Tax year 2024
Assessed value
$12,495,000
Assessed 2024
Previous assessed
$12,495,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$5,100,000
Assessed improvement
$7,395,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
4
Bathrooms
4
Total area
53,805 SF
Lot
2.26 ac (98,365 SF)
APN
77B-1201-21
UPID
US09-8268820
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
$11.4M
OFFICE BUILDING
Est. value
$17.9M
AUTO REPAIR, GARAGE
Est. value
$17.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.7M
COMMERCIAL (GENERAL)
Est. value
$15.6M
WAREHOUSE, STORAGE Current
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
4
Bathrooms
4
Lot
2.26 ac
Current owner
From public records · entity-resolved
Cref3 Alvarado Owner LLC
Entity
Mailing address
11611 N SAN VICENTE BLVD FL #10, LOS ANGELES, CA 90049-6515
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
Sep 16, 2025
—
Cref3 Alvarado Owner LLC
—
Deed
related
$141,220,000 · Sumitomo Mitsui Banking Corp
Sep 2, 2022
$12,250,000
Cref3 Alvarado Owner LLC
Alvarado Street LLC
Grant Deed
$200,000,000 · Deutsche Bank National Trust Co
Jul 24, 1997
—
Levin Trust
Levin Trust
Quit Claim Deed
related
—
Jul 24, 1997
$77,345
Alvarado Street LLC
Levin Trust
Trustees Deed
—
—
—
Alvarado Street LLC
—
Deed Of Trust
related
$750,000 · Comerica Bank
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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