Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Commercial land
424 28th St Oakland, CA 94609-3603
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7118760
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1969
Construction
WOOD FRAME
Total area
3,444 SF
Lot
0.23 ac (10,150 SF)
APN
9-688-6
UPID
US09-7118760
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
-
Oakland Medical Group Medical Clinic
-
Kamiyabu Hiromi Employment Agency
-
Smith Christine Medical Clinic
-
Kevin Chen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$489k
Blend (final)
Blend
$650k
Owner & transaction history
Rod W Perry · 9 yrs held
Rod W Perry
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$830,000
+6.1%
Retail stores
$820,000
+4.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$805,000
7%
$745,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$780,000
Current use
OFFICE BUILDING
$830,000
Change: +6% · Conversion: Easy
RETAIL STORES
$820,000
Change: +5% · Conversion: Easy
WAREHOUSE, STORAGE
$655,000
Change: -16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$645,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
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
$189 / 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
$51,554
Tax year 2023
Assessed value
$3,645,446
Assessed 2024
Previous assessed
$3,573,978
+2.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$3,645,446
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
3,444 SF
Lot
0.23 ac (10,150 SF)
APN
9-688-6
UPID
US09-7118760
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
$780,000
OFFICE BUILDING
Est. value
$830,000
RETAIL STORES
Est. value
$820,000
WAREHOUSE, STORAGE
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$645,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1969
Construction
WOOD FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Rod W Perry
Individual
Free & Clear · 9 yrs held
Mailing address
4020 BROADWAY, OAKLAND, CA 94611-5618
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2019
—
Three Steps Prop Three LLC
—
Deed
related
$1,700,000 · Bank Of America
Aug 17, 2016
—
Rod W Perry
Hobson,donnis S
Quit Claim Deed
related
—
Aug 17, 2016
$1,205,000
424 28th Street LLC
James R Saunders
Grant Deed
$718,250 · Summit Bank
Apr 18, 2005
—
Frierson Gordon Trust
Frierson,john G
Quit Claim Deed
related
—
Mar 15, 2002
$90,000
Hiroshi Terashima
Maley,charles G
Grant Deed
—
Aug 30, 2000
—
Ravnik Trust
Ravnik,anthony S
Quit Claim Deed
related
—
Jun 14, 1990
$92,500
J. Frierson
Weaver JR,j.
Grant Deed
$36,000 · Individual
Apr 15, 1983
$277,000
—
—
Grant Deed
related
$221,300
—
—
Three Steps Prop Three LLC
—
Deed Of Trust
related
$1,700,000 · Bank Of America
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 424 28th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
