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    3388 Piedmont Ave Oakland, CA 94611-5734
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    Property profile & analytics

    3388 Piedmont Ave, Oakland, CA 94611-5734

    View on Map
    • Investment properties
    • 4,019 SF
    • 0.05 lot acres
    Off-Market
    Property ID
    US09-8357456
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wei's Health Center / Spa & Massage Center
    • Wei's Health Center Massage Spa Oakland / Alternative Medicine Practice / Spa & Massage Center
    • De Lugach & De Lugach Inc / Tax Preparation

    Property Details for 3388 Piedmont Ave

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    9-731-1
    APU
    97311

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 30, 2025 — Kim L Marienthal Kim L Marienthal Deed · related $500k · Citizens Bank NA
    Jan 23, 2015 $940,000 Kim L Marienthal Tp Partners LLC Grant Deed $611k · First Republic Bank
    Aug 29, 2014 $759,500 Tp Partners LLC Clyde D Batavia Grant Deed $456k · First Republic Bank
    Aug 20, 2009 — Delugach S F & L B Trust Delugach,sanford F & Leslie B Quit Claim Deed · related —
    Jan 23, 2007 — Wayne E Batavia Batavia,wayne E & Melissa K Quit Claim Deed · related —
    Dec 28, 2006 — Clyde D Batavia Clyde D Batavia Intrafamily Transfer · related —
    Oct 28, 2003 — George Batvia Batavia,george & Katherine Grant Deed · related —
    Nov 1, 1996 — Batavia Trust Batavia,clyde D & Gail S Quit Claim Deed · related —
    Jul 29, 1994 $300,000 Sanford F Delugach Parker,noreen D Grant Deed $225k · Seller

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $436,000
      Market price range: $224k - $639k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $885,000
      Current use
      OFFICE BUILDING
      $970,000
      Change: +9% Conversion: Easy
      RETAIL STORES
      $955,000
      Change: +8% Conversion: Easy
      WAREHOUSE, STORAGE
      $765,000
      Change: -14% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $755,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Alameda
    State
    California
    Longitude
    -122.259
    Latitude
    37.8214
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,164
    $353,475
    $754,080
    $1,107,555
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,275,000
      11,984 SF

      6112 La Salle Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      6112 La Salle Ave, Oakland, CA 94611-2826
      View Details
    • Value Estimation
      $1,555,000
      9,620 SF

      4048 Piedmont Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      4048 Piedmont Ave, Oakland, CA 94611-5209
      View Details
    • Value Estimation
      $785,000
      5,833 SF

      4033 Broadway

      OFFICE/RESIDENTIAL (MIXED USE)
      4033 Broadway, Oakland, CA 94611-5617
      View Details
    • Value Estimation
      $1,260,000
      9,539 SF

      4023 Broadway

      OFFICE/RESIDENTIAL (MIXED USE)
      4023 Broadway, Oakland, CA 94611-5636
      View Details
    • Value Estimation
      $1,500,000
      2,850 SF

      3978 Piedmont Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      3978 Piedmont Ave, Oakland, CA 94611-5352
      View Details
    • Value Estimation
      $750,000
      4,776 SF

      4215 Piedmont Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      4215 Piedmont Ave, Oakland, CA 94611-4738
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Four-unit apartment building with live/work space in vibrant Piedmont Avenue.
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    • $3,398,000
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      Mixed-Use Asset in Oakland

      10-unit mixed-use property in a desirable Oakland neighborhood.
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      Oakland Retail Property For Sale

      Oakland retail property available for purchase.
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      Piedmont Pines Vacant Lot

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      2,023 SF

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      Office space available for rent in Oakland, CA.
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      716 SF

      Oakland Retail/Restaurant Space For Rent

      5,000 SF retail/restaurant space in Oakland's Piedmont Avenue neighborhood.
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      3,669 SF

      Oakland Retail Space For Rent

      Retail space available in Oakland with high foot traffic.
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      650 SF

      Oakland Retail Space For Rent

      Retail space available for lease in Oakland, CA.
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    • Contact for pricing
      4,500 SF

      Oakland Retail Space Available

      Retail space available for rent in Oakland, CA.
      6137 La Salle Ave, Oakland, CA 94611
      View Details
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    Oakland, CA 94611-5734
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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