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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Investment properties
3700 12th St Oakland, CA 94601-4058
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-8021288
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
WOOD
Total area
8,608 SF
Lot
0.1 ac (4,360 SF)
APN
33-2158-17-2
UPID
US09-8021288
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
-
I&T Solutions Building Supply
-
Oakland Kids First Charitable Organization Social Service Agency
-
Exoticcloset Clothing Store
-
Californians For Justice Charitable Organization Social Service Agency
-
Assetou African Hair Braiding Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.16M
Owner & transaction history
Lannedy Properties LLC · 3 yrs held
Lannedy Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+73.9%
Warehouse, storage
$1.7M
+71.5%
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
COMMERCIAL (GENERAL)
$975,000
Current use
RETAIL STORES
$1,695,000
Change: +74% · Conversion: Easy
WAREHOUSE, STORAGE
$1,670,000
Change: +71% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$135 / 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
$22,075
Tax year 2023
Assessed value
$1,419,665
Assessed 2024
Previous assessed
$1,391,832
+2.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$594,410
Assessed improvement
$825,255
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
1920
Construction
WOOD
Heating
NONE
Buildings
1
Stories
3
Total area
8,608 SF
Lot
0.1 ac (4,360 SF)
APN
33-2158-17-2
UPID
US09-8021288
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
$975,000
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1920
Construction
WOOD
Heating
NONE
Stories
3
Buildings
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Lannedy Properties LLC
Entity
Mailing address
1 BLACKFIELD DR #412, TIBURON, CA 94920-2053
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
—
Lannedy Properties LLC
—
Deed
related
$1,485,743 · Bmo Harris Bank NA
Sep 16, 2022
—
Lannedy Properties LLC
Fruitvale Tower LP
Grant Deed
—
Mar 30, 2018
—
Fruitvale Tower LP
—
Deed
related
$1,599,900 · Bank Of The West
Mar 28, 2017
—
Fruitvale Tower LP
—
Trustees Deed
related
$1,600,000 · Ablp Reit LLC
Dec 18, 2013
—
Fruitvale Tower LP
Kawahata,heide M
Quit Claim Deed
related
—
Mar 9, 2007
—
Fruitvale Tower
—
Trustees Deed
related
$1,300,000 · First Republic Bank
Jun 9, 2005
—
Fruitvale Tower
Kawahata,heide M
Grant Deed
—
May 26, 2005
$1,025,000
Heide M Kawahata
Martin Family Trust
Grant Deed
—
May 26, 2005
—
Robert Hernandez
Hernandez,nadejda
Quit Claim Deed
related
—
Mar 21, 2003
—
Martin,tr
Martin,tr
Quit Claim Deed
related
—
Sep 24, 1984
—
Gary A Martin
—
Grant Deed
related
—
—
—
Fruitvale Tower LP
—
Deed Of Trust
related
$1,500,000 · Asset-backed Lndg Ptrs
—
—
Fruitvale Tower LP
—
Deed Of Trust
related
$1,175,000 · Bleecker Family Trust
—
—
Fruitvale Tower LP
—
Deed Of Trust
related
$1,599,900 · Bank Of The West
—
—
Fruitvale Towers
—
Deed Of Trust
related
$500,000 · Taylor Lyman W & J M Trust
—
—
Fruitvale Towers
—
Deed Of Trust
related
$500,000 · Riverfield INC
Jul 1, 1965
—
—
—
Grant Deed
related
—
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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