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Property profile & analytics
OFF-MARKET
Estimated value
$7,555,000
Medical Office Space
3451 12th St Oakland, CA 94601-3463
Entity Owned
Free & Clear
Property ID
US09-7373978
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
TILT-UP CONCRETE
Total area
38,780 SF
Lot
0.37 ac (16,245 SF)
APN
33-2196-24
UPID
US09-7373978
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
-
Clinica de La Raza Dental Office
-
La Clinica De La Raza: Macvane-Pearso Monica G DDS Dental Office
-
Serena M. Allen, NPF Dental Office
-
La Clinica Fruitvale Village Medical Clinic
-
La Clinica De La Raza: Kasberger Kate E MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.56M
Owner & transaction history
La Clinica De La Raza INC
La Clinica De La Raza INC
since 2026
5 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%
$9,955,000
6.5%
$9,190,000
7%
$8,530,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,525,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$7.56M
Range $6.80M – $8.31M · ±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
$195 / 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
$5,575
Tax year 2023
Assessed value
$16,134,482
Assessed 2024
Previous assessed
$15,818,125
+2.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$651,708
Assessed improvement
$15,482,774
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
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
3
Total area
38,780 SF
Lot
0.37 ac (16,245 SF)
APN
33-2196-24
UPID
US09-7373978
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
INDUSTRIAL (GENERAL)
Est. value
$11.5M
INDUSTRIAL (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
2003
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Buildings
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
La Clinica De La Raza INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 22210, OAKLAND, CA 94623-2210
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
La Clinica De La Raza INC
La Clinica De La Raza INC
Grant Deed
related
—
Sep 9, 2019
—
La Clinica De La Raza INC
—
Deed
related
$4,103,362 · Us Bank NA
Dec 19, 2001
—
La Clinica De La Raza-friutval
Fruitvale Development Corp
Trustees Deed
related
$5,800,000 · Oakland Joint Powers Financial
—
—
La Clinica De La Raza INC
—
Deed Of Trust
related
$12,500 · Wells Fargo Bank
—
—
La Clinica De La Raza INC
—
Deed Of Trust
related
$12,500 · Wells Fargo 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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