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Property profile & analytics
OFF-MARKET
Estimated value
$360,000
Industrial properties
388 9th St Ste 183 Oakland, CA 94607-4292
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-8088486
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Total area
408 SF
Lot
2.25 ac (98,093 SF)
APN
2-60-362
UPID
US09-8088486
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
-
Le Sanctum Beauty Spa Medical Clinic Skin Care Clinic
-
Oakland Dental Group Dental Office
-
Clark S Tsai, M.D. Eye Care Center Medical Clinic Ophthalmologist
-
Dr. Xiaoguang X. Huang, MD Physician
-
East Bay Vision Center Optometry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$360k
Owner & transaction history
Montclair Acquisition Fund LLC · 5 yrs held
Montclair Acquisition Fund LLC
since 2020
Last sale
$449,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$360,000
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$360k
Range $324k – $396k · ±10% · vs last sale $449k (Aug 12 2020)
Last sale anchor
$449k
Aug 12 2020
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
$882 / 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
$7,677
Tax year 2023
Assessed value
$476,266
Assessed 2024
Previous assessed
$466,930
+2.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$238,133
Assessed improvement
$238,133
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Heating
NONE
Buildings
1
Total area
408 SF
Lot
2.25 ac (98,093 SF)
APN
2-60-362
UPID
US09-8088486
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
Building & site characteristics
From public records
Heating
NONE
Buildings
1
Lot
2.25 ac
Current owner
From public records · entity-resolved
Montclair Acquisition Fund LLC
Entity
Mailing address
6400 MORAGA AVE, PIEDMONT, CA 94611-2818
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2020
$449,000
Montclair Acquisition Fund LLC
Holy Ground Church Theological Semi
Grant Deed
$300,000 · Gateway Bank Fsb
Nov 21, 2016
$428,000
Holy Ground Ch Theological Sem
Montclair Acquisition Fund LLC
Grant Deed
$257,000 · Bank Of The West
Jul 30, 2012
—
Montclair Acquisition Fund LLC
—
Deed Of Trust
related
$14,000,000 · East West Bank
—
—
Montclair Acquisition Fund LLC
—
Deed Of Trust
related
$11,092,541 · East West Bk
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
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