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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Warehouses
297 Rickenbacker Cir Livermore, CA 94551-7216
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9085128
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
TILT-UP CONCRETE
Total area
6,004 SF
Lot
0.4 ac (17,225 SF)
APN
99-1316-24
UPID
US09-9085128
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
-
Sunny Neon Inc. (Bike/Boat/Book/etc) Store Printing Service
-
SunRise LED Industrial Manufacturer Production Facility
-
Sunrise Led Inc (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Sign Systems (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.83M
Owner & transaction history
William Vanmastigt · 4 yrs held
William Vanmastigt
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+177.5%
Neighborhood: shopping center
$2.6M
+134.2%
Medical building
$2.4M
+117.9%
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 Livermore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Livermore 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
$1,765,000
ML approach
$1,780,000
CAP Approach
CAP Return
Estimation
6%
$1,525,000
6.5%
$1,410,000
7%
$1,310,000
Alternative Use
Use
Estimation
RESTAURANT
$3,020,000
Change: +177% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,550,000
Change: +134% · Conversion: Moderate
MEDICAL BUILDING
$2,375,000
Change: +118% · Conversion: Difficult
OFFICE BUILDING
$2,035,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,935,000
Change: +78% · Conversion: Easy
RETAIL STORES
$1,705,000
Change: +56% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,680,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $2.15M (Jun 23 2022)
Last sale anchor
$2.15M
Jun 23 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
$304 / 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
$25,822
Tax year 2024
Assessed value
$2,236,860
Assessed 2024
Previous assessed
$2,236,860
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$520,200
Assessed improvement
$1,716,660
Applied tax rate
16.0000
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
6,004 SF
Lot
0.4 ac (17,225 SF)
APN
99-1316-24
UPID
US09-9085128
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
RESTAURANT
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
William Vanmastigt
Individual
Mailing address
231 MARKET PL #540, SAN RAMON, CA 94583-4743
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
—
William Vanmastrigt
—
Deed
related
—
Jun 23, 2022
$2,150,000
William Vanmastigt
Versacorp LLC
Grant Deed
$1,075,000 · Mufg Union Bank NA
Jun 23, 2022
—
Advanced Water Heater Services INC
William Vanmastrigt
Lease
$887,000 · Capital Access Group INC
Jul 28, 2017
$1,140,000
Versacorp LLC
Mckenzie L D & S M Trust
Grant Deed
$855,000 · Harvest Small Busn Fin LLC
Feb 14, 2017
—
Mckenzie,leslie D & Susan M Trust
—
Deed
related
$500,000 · Eu Cap Ventures
Feb 22, 2008
—
Mckenzie Leslie D & S M Trust
Mckenzie,leslie D
Quit Claim Deed
related
—
Dec 11, 2006
—
Leslie D Mckenzie
Sunset Landscape & Design
Quit Claim Deed
related
—
Dec 5, 2006
—
Utsurogi Family 2005 Trust
Utsurogi Family 2005 Trust
Quit Claim Deed
related
$500,000 · Union Bank Of California
Nov 7, 2005
—
Utsurogi Family 2005 Trust
Utsurogi,hajime L
Quit Claim Deed
related
—
Jan 2, 1997
—
Leslie D Mckenzie
Mckenzie,susan M
Quit Claim Deed
related
$143,000 · Bay Area Emp Development
Jan 2, 1997
$344,000
Utsurogi,hajime L
Industrial Properties Associat
Trustees Deed
$159,000 · Sumitomo Bank Of California
—
—
Hajlme L Utsurogi
—
Deed Of Trust
related
$320,000 · Union Bank Of California
—
—
Mckenzie,leslie D & Susan M Trust
—
Deed Of Trust
related
$500,000 · Eu Cap Ventures
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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