Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,910,000
Outlet malls
3700 Mandela Pkwy Oakland, CA 94608-3566
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8803637
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Construction
TILT-UP CONCRETE
Total area
45,000 SF
Lot
4.94 ac (215,192 SF)
APN
7-617-47-2
UPID
US09-8803637
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
-
Best Buy Electronics & Wireless Store
-
Geek Squad Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.43M
Comparable Approach
Comparable
$16.62M
Blend (final)
Blend
$12.91M
Owner & transaction history
Lenawee (bb) LLC · 23 yrs held
Lenawee (bb) LLC
since 2002
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.2M
+98.5%
Neighborhood: shopping center
$19.1M
+78.7%
Restaurant
$16.2M
+51.4%
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%
$14,540,000
6.5%
$13,425,000
7%
$12,465,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,700,000
Current use
COMMERCIAL (GENERAL)
$21,240,000
Change: +98% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$19,120,000
Change: +79% · Conversion: Moderate
RESTAURANT
$16,200,000
Change: +51% · Conversion: Easy
MEDICAL BUILDING
$15,125,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,460,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$10,845,000
Change: +1% · Conversion: Easy
WAREHOUSE, STORAGE
$8,565,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$12.91M
Range $11.62M – $14.20M · ±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
$287 / 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
$323,371
Tax year 2023
Assessed value
$21,911,217
Assessed 2024
Previous assessed
$21,481,731
+2.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$11,976,097
Assessed improvement
$9,935,120
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
45,000 SF
Lot
4.94 ac (215,192 SF)
APN
7-617-47-2
UPID
US09-8803637
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
RETAIL STORES Current
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$21.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.1M
RESTAURANT
Est. value
$16.2M
MEDICAL BUILDING
Est. value
$15.1M
INDUSTRIAL (GENERAL)
Est. value
$11.5M
OFFICE BUILDING
Est. value
$10.8M
WAREHOUSE, STORAGE
Est. value
$8.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
4.94 ac
Current owner
From public records · entity-resolved
Lenawee (bb) LLC
Entity
Mailing address
11911 SAN VICENTE BLVD STE #310, LOS ANGELES, CA 90049-6635
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2020
—
Lenawee Bb LLC
—
Deed
related
$6,600,000 · City National Bank
Oct 24, 2002
—
Lenawee (bb) LLC
Horowitz,tr
Grant Deed
related
$11,574,312 · Wachovia Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3700 Mandela Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
