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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Investment properties
423 Bancroft Ave, San Leandro, CA 94577-1919
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-7872090
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1952
Construction
TILT-UP CONCRETE
Total area
3,827 SF
Lot
0.06 ac (2,486 SF)
APN
76-289-12-1
UPID
US09-7872090
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
$1.08M
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.15M
Owner & transaction history
People 1st It INC · 5 yrs held
People 1st It INC
since 2020
Last sale
$830,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+46.4%
Medical building
$1.5M
+36.3%
Office building
$1.3M
+14.4%
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 San Leandro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Leandro 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
$1,145,000
ML approach
$1,080,000
CAP Approach
CAP Return
Estimation
6%
$1,290,000
6.5%
$1,190,000
7%
$1,105,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,110,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,625,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$1,515,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$1,270,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,265,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$1,030,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $830k (Nov 2 2020)
Last sale anchor
$830k
Nov 2 2020
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
$300 / 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
$11,846
Tax year 2023
Assessed value
$880,796
Assessed 2024
Previous assessed
$863,532
+2.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$265,300
Assessed improvement
$615,496
Applied tax rate
10.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
3
Total area
3,827 SF
Lot
0.06 ac (2,486 SF)
APN
76-289-12-1
UPID
US09-7872090
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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
People 1st It INC
Entity
Mailing address
3446 LITTLE LN, LAFAYETTE, CA 94549-4603
Ownership since
2020
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
Nov 2, 2020
$830,000
People 1st It INC
Maletin INC
Grant Deed
$510,000 · American River Bank
Dec 20, 2017
—
Maletin INC
—
Deed
related
$432,500 · Hirsch Kenneth R Tr (pt)
Mar 8, 2017
$145,000
Maletin INC
Tolentino Adela D Trust
Grant Deed
$116,000 · Pkn Invs LLC
Mar 8, 2017
—
Melanie T Lizardo
Tolentino,adela M
Affidavit Of Death
related
—
Jul 22, 2014
—
Tolentino,adela D Trust
Tolentino,adela D
Quit Claim Deed
related
—
—
—
Adela Tolentino
—
Deed Of Trust
related
$21,975 · Colla Juanita Trust
—
—
Maletin INC
—
Deed Of Trust
related
$432,500 · Hirsch Kenneth R Tr (pt)
May 19, 1964
—
—
—
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.
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