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Property profile & analytics
OFF-MARKET
Estimated value
$4,005,000
Medical Office Space
3875 Telegraph Ave Oakland, CA 94609-2428
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-8753728
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
WOOD
Total area
13,052 SF
Lot
0.61 ac (26,440 SF)
APN
12-968-3-1
UPID
US09-8753728
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
-
Dr. Glen B. Gormezano, MD Physician
-
Dr. Allan J. Horn, MD Physician
-
Dr. Laura Woo, MD Physician
-
The Surgery Center of Alta Bates Summit Medical Center Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.86M
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
$5.46M
Blend (final)
Blend
$4.01M
Owner & transaction history
Cyrus G Etemad · 3 yrs held
Cyrus G Etemad
since 2023
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.5M
+26.4%
Restaurant
$4.7M
+7.1%
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
$3,845,000
ML approach
$3,860,000
CAP Approach
CAP Return
Estimation
6%
$3,600,000
6.5%
$3,325,000
7%
$3,090,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,385,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,545,000
Change: +26% · Conversion: Difficult
RESTAURANT
$4,700,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,770,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.01M
Range $3.60M – $4.41M · ±10% · vs last sale $4.50M (Mar 14 2023)
Last sale anchor
$4.50M
Mar 14 2023
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
$307 / 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
$84,006
Tax year 2023
Assessed value
$5,202,000
Assessed 2024
Previous assessed
$5,019,750
+3.6% YoY
Effective rate
1.61%
On assessed value
Assessed land
$3,570,000
Assessed improvement
$1,632,000
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
1986
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Bathrooms
4
Total area
13,052 SF
Lot
0.61 ac (26,440 SF)
APN
12-968-3-1
UPID
US09-8753728
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
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
RESTAURANT
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
INDUSTRIAL (GENERAL)
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
1986
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Bathrooms
4
Lot
0.61 ac
Current owner
From public records · entity-resolved
Cyrus G Etemad
Individual
Free & Clear · 3 yrs held
Mailing address
333 GRANT AVE APT #709, SAN FRANCISCO, CA 94108-3657
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
—
Cyrus G Etemad
—
Deed
related
$2,670,000 · Golden I Credit Union
Mar 14, 2023
—
Cyrus G Etemad
Cyrus G Etemad
Intrafamily Transfer
related
—
Mar 1, 2018
—
Sutter Bay Hospitals
Alta Bates Summit Medical Cent
Quit Claim Deed
—
Jan 31, 2017
$4,500,000
Etemad,galen A Trust
East Bay Outpatient Surgery
Grant Deed
—
Apr 4, 2005
—
Alta Bates Summit Medical Ctr
Ebsc
Grant Deed
—
Oct 7, 1992
$2,872,000
LP Ebsc
East,bay Outpati
Grant Deed
—
Feb 10, 1984
—
—
—
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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