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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Office buildings
3168 Constitution Dr Livermore, CA 94551-7570
Entity Owned
5-yr Hold
Free & Clear
Property ID
US09-8402085
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
CONCRETE
Total area
9,600 SF
Lot
0.56 ac (24,207 SF)
APN
905-18-11
UPID
US09-8402085
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
-
Tasteocracy Corporate Office
-
Tasteocracy by The National Food Lab Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
$3.19M
Comparable Approach
Comparable
$4.31M
Blend (final)
Blend
$3.19M
Owner & transaction history
Lreh California LLC · 5 yrs held
Lreh California LLC
since 2020
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+48.4%
Neighborhood: shopping center
$4.1M
+25.3%
Medical building
$3.8M
+16.6%
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
$3,210,000
ML approach
$3,295,000
CAP Approach
CAP Return
Estimation
6%
$3,450,000
6.5%
$3,185,000
7%
$2,955,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,255,000
Current use
RESTAURANT
$4,835,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,080,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$3,795,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,090,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$2,725,000
Change: -16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,690,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10% · vs last sale $3.12M (Oct 8 2020)
Last sale anchor
$3.12M
Oct 8 2020
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
$332 / 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
$41,638
Tax year 2023
Assessed value
$3,345,232
Assessed 2024
Previous assessed
$3,279,649
+2.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$804,142
Assessed improvement
$2,541,090
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
2
Total area
9,600 SF
Lot
0.56 ac (24,207 SF)
APN
905-18-11
UPID
US09-8402085
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
OFFICE BUILDING Current
Est. value
$3.3M
RESTAURANT
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.7M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
2008
Construction
CONCRETE
Heating
NONE
Stories
2
Buildings
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Lreh California LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 2910, LIVERMORE, CA 94551-2910
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
—
Lreh California LLC
Lstc California LLC
Quit Claim Deed
related
—
Sep 19, 2019
$3,120,000
Lstc California LLC
Redwood Prop Invtrs III LLC
Grant Deed
—
Aug 1, 2019
$18,500,000
Redwood Prop Invtrs III LLC
Montevina I Holdings LLC
Grant Deed
$13,964,000 · Housing Cap
May 30, 2018
$15,500,000
Montevina I Holdings LLC
Chicago Title Co|montevina Phase I LLC
Trustees Deed
related
—
—
—
Livermore Valley Charter Sch
—
Deed Of Trust
related
—
—
—
Livermore Valley Charter Sch
—
Deed Of Trust
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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