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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Turn key restaurants
4006 Macarthur Blvd Oakland, CA 94619-1904
Entity Owned
1-yr Hold
Free & Clear
Property ID
US09-7237287
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1929
Construction
WOOD
Total area
1,500 SF
Lot
0.06 ac (2,766 SF)
APN
30-1981-92
UPID
US09-7237287
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
-
Bay View Glass & Mirror Inc Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$590k
Owner & transaction history
Pas Papa LLC · 1 yrs held
Pas Papa LLC
since 2024
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$635,000
+18.0%
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
$445,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$540,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$505,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $800k (Jul 31 2024)
Last sale anchor
$800k
Jul 31 2024
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
$393 / 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
$13,184
Tax year 2023
Assessed value
$773,603
Assessed 2024
Previous assessed
$758,435
+2.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$95,652
Assessed improvement
$677,951
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1929
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
1,500 SF
Lot
0.06 ac (2,766 SF)
APN
30-1981-92
UPID
US09-7237287
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
RESTAURANT Current
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
MEDICAL BUILDING
Est. value
$505,000
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1929
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Pas Papa LLC
Entity
Free & Clear · 1 yrs held
Mailing address
379 GRENADINE WAY, HERCULES, CA 94547-2049
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
$800,000
Pas Papa LLC
Alex Daniel Chow
Grant Deed
—
Oct 25, 2024
—
Alex Daniel Chow
Chhuong Chow
Deed
related
—
Mar 20, 2023
—
Chhuong Chow
Chhuong Chow
Intrafamily Transfer
related
—
Nov 29, 2006
—
Chhuong Chow
Chow,chhuong & Sarah S
Quit Claim Deed
related
$520,000 · Tamalpais Bank
Jul 30, 2004
$520,000
Chhuong Chow
Boraas,edward
Grant Deed
$364,000 · Tamalpais Bank
Oct 16, 2003
$78,357
Edward Boraas
Penn,brian D
Trustees Deed
—
Apr 10, 2002
—
Brian D Penn
Penn,tammy L
Quit Claim Deed
related
—
Apr 10, 2002
$284,000
Serge Bellin
Penn,brian D
Grant Deed
$95,957 · Brian D Penn
Nov 16, 1999
$85,000
Brian D Penn
Schiff,henry C & Nancey K
Grant Deed
$75,000 · Seller
Jan 26, 1999
$63,000
Henry C Schiff
Pines Trust
Grant Deed
—
Apr 12, 1995
—
Pines Trust
Pines,deborah R
Quit Claim Deed
related
—
Dec 30, 1993
$200,000
Deborah Pines
Schoner Family T
Grant Deed
$180,000 · Seller
—
—
Henry C Schiff
—
Deed Of Trust
related
$12,564 · Individual
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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