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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Medical Office Space
2940 Smt St Oakland, CA 94609-3416
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-7736793
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1936
Construction
WOOD
Total area
10,061 SF
Lot
0.43 ac (18,675 SF)
APN
9-700-15
UPID
US09-7736793
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
-
Barbara Way LPCC Psychotherapist
-
Jessie Holland Acupuncture, Ayurveda, and Yoga in the East Bay Gym & Fitness Center
-
Godfrey Nunoo, DC Alternative Medicine Practice
-
TurnON.love - Dr. Alison Ash Physician
-
Sima Space Coworking & Hybrid Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.16M
Owner & transaction history
2940 Summit St LLC · 1 yrs held
2940 Summit St LLC
since 2024
7 recorded transactions
Zoning & alternative use
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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$115 / 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
$14,883
Tax year 2023
Assessed value
$781,722
Assessed 2024
Previous assessed
$766,396
+2.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$547,206
Assessed improvement
$234,516
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1936
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
6
Total area
10,061 SF
Lot
0.43 ac (18,675 SF)
APN
9-700-15
UPID
US09-7736793
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
Building & site characteristics
From public records
Year built
1936
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
6
Lot
0.43 ac
Current owner
From public records · entity-resolved
2940 Summit St LLC
Entity
Mailing address
15 SANTA LUCIA RD, ORINDA, CA 94563-1730
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
—
2940 Summit St LLC
Edward M Belfanti
Grant Deed
—
Dec 27, 2024
—
David Brian Holmes
David Brian Holmes
Deed
related
—
Aug 14, 2023
—
David Brian Holmes
Mary Laub Holmes
Intrafamily Transfer
related
—
Mar 31, 2016
—
Edward M Balfanti
Belfanti,elmer A
Affidavit Of Death
—
Mar 31, 2008
—
Glenn W Beaubelle
Beaubelle,edythe
Quit Claim Deed
related
—
Jun 24, 2003
—
Holmes,tr
Holmes,tr
Quit Claim Deed
related
—
Sep 12, 2002
—
Holmes,tr
Holmes,david B
Quit Claim Deed
related
—
Apr 19, 1995
$385,000
Bay View Federal Bank
Pellegrino,enrico & Anna
Trustees Deed
related
—
Jan 5, 1990
$679,000
Frank Yee-litt
Exchange Facilit
Grant Deed
related
—
—
—
Glenn W Beaubelle
—
Deed Of Trust
related
$288,000 · Annette M Orosco
—
—
Glenn W Beaubelle
—
Deed Of Trust
related
$160,000 · Kessler Trust
—
—
Glenn W Beaubelle
—
Deed Of Trust
related
$331,844 · Washington Mutual Fsb
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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