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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Medical Office Space
363 15th St, Oakland, CA 94612-3303
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-8407471
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1932
Construction
TILT-UP CONCRETE
Total area
2,800 SF
Lot
0.05 ac (2,107 SF)
APN
8-624-34
UPID
US09-8407471
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
-
Total Health Dental Care Dental Office
-
Lavorini Dental Care Dental Office
-
Ernie Lavorini, DDS Dental Office
-
Gloria W. Fong, DDS Dental Office
-
Dr. Jessica Ngo Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$715k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
363 15th Street LLC · 7 yrs held
363 15th Street LLC
since 2018
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%
$775,000
6.5%
$715,000
7%
$660,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$940,000
Current use
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$225 / 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
$22,017
Tax year 2023
Assessed value
$1,421,719
Assessed 2024
Previous assessed
$1,393,847
+2.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$546,815
Assessed improvement
$874,904
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
1932
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
2,800 SF
Lot
0.05 ac (2,107 SF)
APN
8-624-34
UPID
US09-8407471
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
$940,000
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
1932
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
363 15th Street LLC
Entity
Mailing address
2938 WEBSTER ST #100, OAKLAND, CA 94609-3407
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2018
—
363 15th Street LLC
—
Deed
related
$655,125 · Zions First Nat'l Bk
Dec 21, 2018
$1,300,000
363 15th Street LLC
Lavorini Properties LLC
Grant Deed
$655,125 · Zb NA
May 21, 2003
—
Lavorini Properties LLC
Lavorini,ernie S & Elizabeth D
Quit Claim Deed
related
—
Sep 20, 2001
$350,000
Ernie S Lavorini
Hallam,james D & Kathleen
Grant Deed
$250,000 · Yosemite Mortgage Fund LLC
May 3, 2000
$177,000
James D Hallam
Itzkowich,carla
Grant Deed
$132,750 · Wells Fargo Bank
Dec 23, 1998
—
Carla Itzkowich
Bank Of America
Grant Deed
$300,000 · United Labor Bank
—
—
363 15th Street LLC
—
Deed Of Trust
related
$655,125 · Zions First Nat'l Bk
—
—
Lavorini Properties LLC
—
Deed Of Trust
related
$480,000 · Bank Of The West
—
—
Elizabeth Doyle
—
Deed Of Trust
related
$540,000 · 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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