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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Medical Office Space
2976 Smt St Oakland, CA 94609-3405
Entity Owned
11-yr Hold
Free & Clear
Property ID
US09-8407505
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1926
Construction
WOOD
Total area
2,736 SF
Lot
0.1 ac (4,250 SF)
APN
9-700-17
UPID
US09-8407505
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
-
Daniel Nam, DDS & Associates Dental Office
-
Carol A. Wada, DDS Dental Office
-
Christina Chen Dental Office
-
Amy Blake Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Uni Summit LLC · 11 yrs held
Uni Summit LLC
since 2015
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%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$920,000
Current use
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$214 / 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
$15,463
Tax year 2023
Assessed value
$1,046,654
Assessed 2024
Previous assessed
$985,246
+6.2% YoY
Effective rate
1.48%
On assessed value
Assessed land
$374,683
Assessed improvement
$671,971
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
1926
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Total area
2,736 SF
Lot
0.1 ac (4,250 SF)
APN
9-700-17
UPID
US09-8407505
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
MEDICAL BUILDING Current
Est. value
$920,000
MEDICAL BUILDING Current
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
1926
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Uni Summit LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2976 SMT ST #201, OAKLAND, CA 94609-3405
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Daniel S Nam Dos INC
—
Deed
related
$2,000,000 · United States Small Business Admin
Dec 31, 2018
—
Daniel S Nam Dds INC
—
Deed
related
$705,000 · Bank Of The West
Mar 10, 2015
$700,000
Uni Summit LLC
Stephan Paul E
Grant Deed
—
Nov 6, 1997
—
Paul E Stephan
Stephan,carol H
Quit Claim Deed
related
—
Jan 18, 1996
—
Carol H Stephan
Reis Trust
Quit Claim Deed
related
—
Apr 5, 1993
—
Brian,henry Stephan Trust
Peis Trust
Quit Claim Deed
related
—
Dec 31, 1992
—
George Stephan
Reis Angel Tr Et
Quit Claim Deed
related
—
—
—
Daniel S Nam Dds INC
—
Deed Of Trust
related
$705,000 · Bank Of The West
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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