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Property profile & analytics
FOR LEASE
Banks
4054 Macarthur Blvd Oakland, CA 94619-1904
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-9040874
For Lease
Contact for pricing
4054 Macarthur Blvd, Oakland, CA 94619-1904
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1950
Construction
TILT-UP CONCRETE
Total area
8,360 SF
Lot
0.17 ac (7,622 SF)
APN
30-1981-97
UPID
US09-9040874
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
-
Bank of America ATM Atm
-
Bank of America Financial Center Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$383k
Blend (final)
Blend
$635k
Owner & transaction history
Boris Teksler · 1 yrs held
Boris Teksler
since 2025
Last sale
$589,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$960,000
+136.9%
Commercial (general)
$880,000
+117.9%
Auto repair, garage
$845,000
+108.8%
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
$635,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$405,000
Current use
RETAIL STORES
$960,000
Change: +137% · Conversion: Difficult
COMMERCIAL (GENERAL)
$880,000
Change: +118% · Conversion: Difficult
AUTO REPAIR, GARAGE
$845,000
Change: +109% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$830,000
Change: +105% · Conversion: Difficult
MEDICAL BUILDING
$630,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $589k (Feb 26 2025)
Last sale anchor
$589k
Feb 26 2025
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
$76 / 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
$50,636
Tax year 2023
Assessed value
$3,157,599
Assessed 2024
Previous assessed
$3,095,695
+2.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$643,314
Assessed improvement
$2,514,285
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
8,360 SF
Lot
0.17 ac (7,622 SF)
APN
30-1981-97
UPID
US09-9040874
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
FINANCIAL BUILDING Current
Est. value
$405,000
RETAIL STORES
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$845,000
INDUSTRIAL (GENERAL)
Est. value
$830,000
MEDICAL BUILDING
Est. value
$630,000
FINANCIAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1950
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Boris Teksler
Individual
Free & Clear · 1 yrs held
Mailing address
2743 WEMBERLY DR, BELMONT, CA 94002-2959
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
$589,000
Boris Teksler
Rachel Hava Woldeselasie
Grant Deed
—
Oct 8, 2020
—
Woldeselasie Family Trust
Rachel Woldeselasie
Quit Claim Deed
related
—
May 13, 2020
$2,945,000
Boris Teksler
H Michael Kurzman
Grant Deed
$1,000,000 · First Republic Bank
May 23, 2007
—
Kurzman H Michael Trust
Kurzman Joshua A Trust B
Quit Claim Deed
related
—
Dec 14, 2006
—
Kurzman Marjorie L Trust
Kurzman,marjorie
Quit Claim Deed
related
—
Jan 18, 2002
—
Kurzman,tr
Kurzman,joshua A Est
Quit Claim Deed
related
—
Sep 29, 2000
—
Marjorie Kurzman
Joshua A Kurzman Estate
Quit Claim Deed
related
—
Jul 30, 1976
—
Bank Of America N T & S A& Kurzm Trust
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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