Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    408 Stannage Ave Albany, CA 94706-1247
    Back to Search
    Property profile & analytics

    408 Stannage Ave, Albany, CA 94706-1247

    View on Map
    • Apartment buildings
    • 5,508 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Dec 1, 2020
    $2,300,000
    Property ID
    US09-7354046
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,250,000
    Show details
    Cap Rate Potential
    5%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 408 Stannage Ave

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property type
    Apartment buildings
    APN
    67-2828-4
    APU
    6728284

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 1, 2020 — Ward,carol S 1987 Trust John E Ward JR. Quit Claim Deed · related —
    Dec 1, 2020 $2,300,000 Amitis LLC Ward Carol S 1987 Trust Grant Deed —
    Aug 19, 2013 — Ward,carol S 1987 Trust Ward,carol S Quit Claim Deed · related —
    Jul 3, 2013 — Dill,franklin A & Lola M Trust Dill F A & L M Trust Quit Claim Deed —
    Nov 2, 2011 — Franklin A Dill JR. Dill,franklin A Affidavit Of Death · related —
    Mar 10, 1994 — Franklin A Dill Trustee Dill,franklin A Quit Claim Deed · related —
    May 6, 1966 — — — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,190,000
      ML approach
      $2,205,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,825,000
      6.5%
      $1,685,000
      7%
      $1,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,444,000
      Market price range: $1.01M - $2.44M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,760,000
      Current use
      MEDICAL BUILDING
      $2,945,000
      Change: +67% Conversion: Moderate
      RESTAURANT
      $2,775,000
      Change: +57% Conversion: Difficult
      OFFICE BUILDING
      $2,660,000
      Change: +51% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,485,000
      Change: +41% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,340,000
      Change: +33% Conversion: Difficult
      RETAIL STORES
      $1,990,000
      Change: +13% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,775,000
      Change: +1% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Alameda
    State
    California
    Longitude
    -122.3
    Latitude
    37.8977
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,456
    $730,105
    $1,706,409
    $2,436,514
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,130,000
      4,947 SF

      986 Kains Ave

      APARTMENT HOUSE (5+ UNITS)
      986 Kains Ave, Albany, CA 94706-2052
      View Details
    • Value Estimation
      $5,870,000
      31,430 SF

      820 Kains Ave

      APARTMENT HOUSE (5+ UNITS)
      820 Kains Ave, Albany, CA 94706-1669
      View Details
    • Value Estimation
      $1,530,000
      7,296 SF

      1009 Kains Ave

      APARTMENT HOUSE (5+ UNITS)
      1009 Kains Ave, Albany, CA 94706-2247
      View Details
    • Value Estimation by Request
      1,320 SF

      1200 San Pablo Ave

      APARTMENT HOUSE (5+ UNITS)
      1200 San Pablo Ave, Berkeley, CA 94706-2218
      View Details
    • Value Estimation
      $970,000
      4,200 SF

      716 Solano Ave

      APARTMENT HOUSE (5+ UNITS)
      716 Solano Ave, Albany, CA 94706-1501
      View Details
    • Value Estimation
      $515,000
      3,282 SF

      845 Adams St

      APARTMENT HOUSE (5+ UNITS)
      845 Adams St, Albany, CA 94706-1756
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,320 SF

      Albany Multifamily Investment Opportunity

      Well-maintained 10-unit apartment building in a desirable location.
      605 San Pablo Ave, Albany, CA 94706
      View Details
    • Contact for pricing
      5,216 SF

      Value-Add Multifamily Property in Berkeley

      14-unit multifamily property in desirable West Berkeley location.
      1213 San Pablo Ave, Berkeley, CA 94706
      View Details
    • $2,100,000
      1,134 SF

      Albany Development Opportunity Near BART

      Prime 40-unit residential development opportunity in Albany's business district.
      545 San Pablo Ave, Albany, CA 94706
      View Details
    • $2,550,000
      5,216 SF

      Berkeley Multifamily Investment Opportunity

      Well-located 14-unit apartment building near amenities and transportation.
      1213 San Pablo Ave, Berkeley, CA 94706
      View Details
    • $2,998,000
      5,216 SF

      Berkeley Multifamily Value-Add Opportunity

      14-unit multifamily property in desirable West Berkeley location.
      San Pablo Ave, Berkeley, CA 94706
      View Details
    • $2,720,000

      Albany Multifamily Asset For Sale

      Well-maintained 10-unit multifamily property in a desirable Albany location.
      605 San Pablo Ave, Albany, CA 94706
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    408 Stannage Ave
    Albany, CA 94706-1247
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    408 Stannage Ave, Albany, CA, 94706
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!