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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Investment properties
3649 Martin Luther King Jr Way Oakland, CA 94609-2347
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-9217759
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1902
Construction
WOOD
Total area
5,173 SF
Lot
0.11 ac (5,000 SF)
APN
12-947-1
UPID
US09-9217759
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.22M
Owner & transaction history
3649 Mlk Way LLC · 1 yrs held
3649 Mlk Way LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+58.6%
Medical building
$1.7M
+48.0%
Industrial (general)
$1.5M
+27.2%
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
$1,220,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
$1,310,000
6.5%
$1,210,000
7%
$1,120,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,175,000
Current use
RESTAURANT
$1,860,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$1,740,000
Change: +48% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,495,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$1,245,000
Change: +6% · Conversion: Easy
RETAIL STORES
$1,230,000
Change: +5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,115,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10% · vs last sale $1.22M (Dec 20 2024)
Last sale anchor
$1.22M
Dec 20 2024
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
$236 / 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
$19,972
Tax year 2023
Assessed value
$1,273,153
Assessed 2024
Previous assessed
$1,246,190
+2.2% YoY
Effective rate
1.57%
On assessed value
Assessed land
$568,905
Assessed improvement
$704,248
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1902
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Rooms
10
Bathrooms
4
Total area
5,173 SF
Lot
0.11 ac (5,000 SF)
APN
12-947-1
UPID
US09-9217759
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
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1902
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Rooms
10
Bathrooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
3649 Mlk Way LLC
Entity
Mailing address
3649 MARTIN LUTHER KING JR WAY STE #300, OAKLAND, CA 94609-2347
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
$1,217,500
3649 Mlk Way LLC
Edr Holding LLC
Grant Deed
$796,250 · Citizens Equity First Cu
May 24, 2017
—
Edr Holding LLC
—
Deed
related
$780,000 · First Republic Bank
Dec 2, 2016
$980,000
Edr Holding LLC
Chan,ka K & Jane F
Grant Deed
—
Jul 1, 2005
$679,000
Ka K Chan
Crest Investments LLC
Grant Deed
$400,000 · Han Jung
Jan 14, 2005
$481,070
Crest Investments LLC
Alliance Title Co
Trustees Deed
related
—
Jan 14, 2005
$68,682
Jwi Investment Corp
Alliance Title Co
Trustees Deed
related
—
Sep 18, 2003
$555,000
Michael Marks
Safford,curtis D & Lavida W
Grant Deed
$425,750 · Hrf Mortgage
Jan 13, 1978
$37,500
Curtis D Safford
—
Grant Deed
related
—
—
—
Curtis D Safford
—
Deed Of Trust
related
$18,000 · La Jolla Lending
—
—
Curtis D Safford
—
Deed Of Trust
related
$43,000 · Individual
—
—
Curtis D Safford
—
Deed Of Trust
related
$40,000 · Individual
—
—
Ka K Chan
—
Deed Of Trust
related
$470,000 · Greenpoint Mortgage Funding
—
—
Curtis D Safford
—
Deed Of Trust
related
$25,450 · Individual
—
—
Curtis D Safford
—
Deed Of Trust
related
$31,000 · Mabunga Trust
—
—
Michael Marks
—
Deed Of Trust
related
$40,000 · Harry Taylor
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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