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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Investment properties
375 40th St Oakland, CA 94609-2608
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-8341305
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1928
Construction
WOOD
Total area
4,077 SF
Lot
0.12 ac (5,044 SF)
APN
12-978-6-3
UPID
US09-8341305
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
-
Kitava Restaurant
-
Roux40 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$415k
Blend (final)
Blend
$680k
Owner & transaction history
375 40th Street LLC · 14 yrs held
375 40th Street LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$980,000
+6.1%
Retail stores
$970,000
+4.7%
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)
$925,000
Current use
OFFICE BUILDING
$980,000
Change: +6% · Conversion: Easy
RETAIL STORES
$970,000
Change: +5% · Conversion: Easy
WAREHOUSE, STORAGE
$775,000
Change: -16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$765,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$167 / 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
$15,719
Tax year 2023
Assessed value
$830,554
Assessed 2024
Previous assessed
$814,271
+2.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$160,078
Assessed improvement
$670,476
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
1928
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Bathrooms
1
Total area
4,077 SF
Lot
0.12 ac (5,044 SF)
APN
12-978-6-3
UPID
US09-8341305
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
$925,000
OFFICE BUILDING
Est. value
$980,000
RETAIL STORES
Est. value
$970,000
WAREHOUSE, STORAGE
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$765,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1928
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
375 40th Street LLC
Entity
Mailing address
580 2ND ST STE #260, OAKLAND, CA 94607-3534
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2012
$552,500
375 40th Street LLC
Comerica Bk
Grant Deed
—
Feb 2, 2012
$336,000
Comerica Bk
Stewart Default Services
Trustees Deed
related
—
Aug 1, 2007
—
Second Half LLC
Winans,paul L JR & Regina A
Quit Claim Deed
related
—
Aug 1, 2007
$825,000
Belk Gary Living Trust
Second Half LLC
Grant Deed
$1,440,000 · Comerica Bank
Apr 10, 2006
—
Second Half LLC
Winans P L JR & R A Trust
Grant Deed
—
Feb 18, 2004
—
Paul L Winans
Winans,tr
Quit Claim Deed
related
$510,000 · Wells Fargo Home Mortgage INC
Feb 7, 2000
—
Winanis Trust
Winanis,paul L & Regina A
Quit Claim Deed
related
—
Aug 27, 1982
—
—
—
Grant Deed
related
—
—
—
375 40th Street LLC
—
Deed Of Trust
related
$500,000 · First Republic Bank
—
—
Wimans Trust
—
Deed Of Trust
related
$310,000 · 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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