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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Grocery and convenience stores
3250 Lakeshore Ave Oakland, CA 94610-2720
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8338293
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1966
Construction
TILT-UP CONCRETE
Total area
14,560 SF
Lot
1.15 ac (50,000 SF)
APN
23-424-22-1
UPID
US09-8338293
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Trader Joe's Grocery & Convenience Store Food Market
-
Walgreens Cosmetic Store
-
Western Union Bank Credit Union
-
Zipcar Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.98M
Owner & transaction history
3250 Lakeshore LP · 7 yrs held
3250 Lakeshore LP
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.9M
+41.3%
Industrial (general)
$4.2M
+21.4%
Office building
$3.5M
+1.3%
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
Alternative Use
Use
Estimation
RETAIL STORES
$3,460,000
Current use
MEDICAL BUILDING
$4,895,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,205,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$3,510,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,210,000
Change: -7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,015,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±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
$204 / 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
$252,750
Tax year 2023
Assessed value
$16,131,042
Assessed 2024
Previous assessed
$15,814,802
+2.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$5,468,150
Assessed improvement
$10,662,892
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
14,560 SF
Lot
1.15 ac (50,000 SF)
APN
23-424-22-1
UPID
US09-8338293
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
RETAIL STORES Current
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
RETAIL STORES Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
3250 Lakeshore LP
Entity
Mailing address
150 POST ST STE #320, SAN FRANCISCO, CA 94108-4707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Aug 21, 2019
—
Lakeshore Lessee LLC
—
Trustees Deed
related
$4,700,000 · 3250 Lakeshore LP
Nov 20, 2018
$15,500,000
3250 Lakeshore LP
Jon Herbert Frudden
Grant Deed
$10,000,000 · First Republic Bank
Nov 16, 2018
—
Kruse Family Living Trust
Kruse,roy H
Affidavit Of Death
related
—
Sep 8, 2010
—
Mook Alana M Trust
Goodlet C R & L K 1978 Trust
Quit Claim Deed
related
—
Apr 29, 2010
—
Alana M Mook
Goodlet,laverne K
Affidavit Of Death
related
—
May 19, 2008
—
Laverne K Goodlet
Goodlet,charles R
Affidavit Of Death
related
—
Aug 14, 2007
—
Frudden Carl R & J M Trust
Frudden C R & J M Trust
Quit Claim Deed
related
—
May 31, 2007
—
Joanne M Frudden
Frudden,carl R
Affidavit Of Death
related
—
Jan 5, 2007
—
Frudden Carl R & J M Trust
Frudden,carl R
Quit Claim Deed
related
—
Dec 1, 1978
$365,000
—
—
Grant Deed
related
—
—
—
3250 Lakeshore LP
—
Loan Modification
related
$13,000,000 · First Republic Bk
—
—
Sansome Lakeshore LLC
—
Deed Of Trust
related
$4,550,000 · Golden Gate 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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