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Property profile & analytics
FOR LEASE
Industrial properties
4072 Watts St Emeryville, CA 94608
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8414172
For Lease
1 / 2
$2,080,000
4072 Watts St, Emeryville, CA 94608
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1951
Construction
TILT-UP CONCRETE
Total area
7,228 SF
Lot
0.17 ac (7,228 SF)
APN
49-618-55
UPID
US09-8414172
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.92M
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$2.08M
Owner & transaction history
Eville Enterprises LLC · 4 yrs held
Eville Enterprises LLC
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+85.4%
Neighborhood: shopping center
$3.1M
+66.8%
Restaurant
$2.6M
+41.4%
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 Emeryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emeryville 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
$1,885,000
ML approach
$1,920,000
CAP Approach
CAP Return
Estimation
6%
$1,475,000
6.5%
$1,360,000
7%
$1,265,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,840,000
Current use
COMMERCIAL (GENERAL)
$3,410,000
Change: +85% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,070,000
Change: +67% · Conversion: Difficult
RESTAURANT
$2,600,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$2,430,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,740,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$1,720,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $2.18M (Jun 10 2022)
Last sale anchor
$2.18M
Jun 10 2022
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
$288 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$29,050
Tax year 2024
Assessed value
$2,262,870
Assessed 2024
Previous assessed
$2,262,870
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$572,220
Assessed improvement
$1,690,650
Applied tax rate
14.0000
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
CONDOMINIUMS (INDUSTRIAL)
Status
For Lease
Year built
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
7,228 SF
Lot
0.17 ac (7,228 SF)
APN
49-618-55
UPID
US09-8414172
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
RESTAURANT
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1951
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Eville Enterprises LLC
Entity
Mailing address
4062 WATTS ST, EMERYVILLE, CA 94608-3654
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Aug 26, 2022
—
Eville Enterprises LLC
—
Deed
related
$1,500,000 · Bank Of America NA
Jun 10, 2022
$2,175,000
Eville Enterprises LLC
Ravins Fair INC
Deed
—
Jan 4, 2021
—
Ravins Fair INC
—
Deed
related
$160,000 · Tmpf LLC
Apr 16, 2019
—
Ravins Fair INC
—
Deed
related
$1,000,000 · Hall Mortgage Fund LP
Aug 8, 2018
—
Ravins Fair INC
—
Deed
related
$650,000 · Lone Oak Fund
Feb 14, 2018
—
Ravins Fair INC
Ravins Fair INC
Quit Claim Deed
related
$500,000 · Other Institutional Lenders
Jun 17, 2014
—
Ravins Fair INC
Fairley,angelina M
Quit Claim Deed
—
Jun 28, 2011
—
Angelina M Fairley
Fairley,dennis P
Quit Claim Deed
related
—
Sep 15, 1995
—
Dennis P Fairley
Fairley,sheila L
Quit Claim Deed
related
$937,500 · Wells Fargo Bank
—
—
Dennis P Fairley
—
Deed Of Trust
related
$1,000,000 · Bank Of The West
—
—
Dennis P Fairley
—
Deed Of Trust
related
$215,000 · Individual
—
—
Ravins Fair INC
—
Deed Of Trust
related
$650,000 · Lone Oak Fund
—
—
Ravins Fair INC
—
Deed Of Trust
related
$160,000 · Tmpf LLC
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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