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Property profile & analytics
OFF-MARKET
Estimated value
$6,875,000
Office buildings
401 Grand Ave Oakland, CA 94610-5054
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8357693
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Construction
CONCRETE
Total area
36,748 SF
Lot
0.46 ac (19,931 SF)
APN
10-765-1-1
UPID
US09-8357693
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
-
Alameda Pediatric Dentistry & Orthodontics Dental Office
-
East Bay Intimacy & Sex Therapy Center Psychotherapist Mental Health Clinic
-
Paradise Coaching Employment Agency Tutoring Service
-
MNS Engineers, Inc. Construction Company
-
The Marsh Clinics Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.88M
CAP Approach
CAP
$8.09M
Comparable Approach
Comparable
$9.62M
Blend (final)
Blend
$6.88M
Owner & transaction history
Felton Institute · 1 yrs held
Felton Institute
since 2024
Last sale
$6.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$10.6M
+19.8%
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
$6,875,000
ML approach
$6,875,000
CAP Approach
CAP Return
Estimation
6%
$8,760,000
6.5%
$8,085,000
7%
$7,505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,855,000
Current use
INDUSTRIAL (GENERAL)
$10,610,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$8,740,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,100,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,605,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$6.88M
Range $6.19M – $7.56M · ±10% · vs last sale $6.88M (Aug 21 2024)
Last sale anchor
$6.88M
Aug 21 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
$187 / 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
$140,250
Tax year 2023
Assessed value
$9,884,588
Assessed 2024
Previous assessed
$9,884,588
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$4,551,240
Assessed improvement
$5,333,348
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1963
Construction
CONCRETE
Heating
NONE
Buildings
1
Stories
5
Units
12
Bathrooms
5
Total area
36,748 SF
Lot
0.46 ac (19,931 SF)
APN
10-765-1-1
UPID
US09-8357693
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
OFFICE BUILDING Current
Est. value
$8.9M
INDUSTRIAL (GENERAL)
Est. value
$10.6M
RETAIL STORES
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.6M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1963
Construction
CONCRETE
Heating
NONE
Stories
5
Buildings
1
Units
12
Bathrooms
5
Lot
0.46 ac
Current owner
From public records · entity-resolved
Felton Institute
Individual
Mailing address
1005 ATLANTIC AVE, ALAMEDA, CA 94501-1148
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2025
—
Ld Telecom Assetco LLC
—
Deed
related
—
Aug 21, 2024
$6,875,000
Felton Institute
Fwl Grand LLC
Grant Deed
$5,156,250 · Western Alliance Bank
Dec 19, 2022
—
First Republic Bank
Fwl Grand LLC
Assignment Of Lease (leasehold Sale)
$6,250,000 · First Republic Bank
Nov 16, 2020
—
Fwl Grand LLC
—
Deed
related
$6,680,000 · East West Bk
Feb 22, 2019
—
Fwl Grand LLC
—
Deed
related
$6,680,000 · East West Bk
Nov 17, 2016
$8,375,000
Fwl Grand LLC
401 Grand Associates LLC
Grant Deed
$6,680,000 · East West Bank
Jun 23, 2016
—
401 Grand Associates LLC
—
Deed
related
$2,800,000 · Jpmorgan Chase Bank NA
Feb 9, 2005
—
401 Grand Associates LLC
Oneill Family Trust
Grant Deed
—
Feb 2, 2004
—
Oneill,tr
Mason Mcduffie Financial Corp
Grant Deed
related
—
Jun 12, 2002
$250,000
Clancy Trust
Libitzky Holdings LP
Grant Deed
—
Apr 3, 2002
$306,500
Clancy Trust
Hall,mark D & Heidi C
Grant Deed
related
—
Sep 14, 2000
$4,150,000
Mason Mcduffie Financial Corp
West Trust
Trustees Deed
related
$2,730,000 · Mechanics Bank
Sep 14, 2000
—
West Trust
World Savings Bank
Trustees Deed
related
—
Feb 26, 1991
—
World Savings
Trans World Fina
Quit Claim Deed
related
—
Jul 20, 1989
$510,000
Paul Lum
401 Associates
Grant Deed
related
—
—
—
401 Grand Associates LLC
—
Deed Of Trust
related
$2,800,000 · Jp Morgan Chase Bk
—
—
Fwl Grand LLC
—
Loan Modification
related
$6,680,000 · East West Bk
—
—
Fwl Grand LLC
—
Loan Modification
related
$6,680,000 · East West Bk
—
—
401 Grand Associates LLC
—
Deed Of Trust
related
$2,650,000 · Washington Mutual Fsb
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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