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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office Spaces
428 Alice St 231 Oakland, CA 94607-4341
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-7553531
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2006
Construction
WOOD
Total area
1,993 SF
Lot
0.71 ac (30,767 SF)
APN
1-155-109
UPID
US09-7553531
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
-
Urban Design Consulting Engineers, Civil Engineer General Contractor
-
HealthCare Appraisers Consultant
-
Wolfsdorf Rosenthal LLP Law Firm
-
Mighty Massage Alternative Medicine Practice Spa & Massage Center
-
428 Alice Owners Association Homeowners' Association
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$570k
Owner & transaction history
Cpg Immigration Law Group · 9 yrs held
Cpg Immigration Law Group
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$845,000
+64.2%
Medical building
$670,000
+29.9%
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%
$475,000
6.5%
$440,000
7%
$405,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$515,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$510,000
Change: -1% · Conversion: Easy
RETAIL STORES
$475,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$286 / 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
$13,794
Tax year 2023
Assessed value
$887,491
Assessed 2024
Previous assessed
$870,090
+2.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$266,247
Assessed improvement
$621,244
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2006
Construction
WOOD
Heating
NONE
Buildings
1
Stories
8
Units
97
Rooms
1
Bathrooms
1
Total area
1,993 SF
Lot
0.71 ac (30,767 SF)
APN
1-155-109
UPID
US09-7553531
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
OFFICE BUILDING Current
Est. value
$515,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$845,000
MEDICAL BUILDING
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$510,000
RETAIL STORES
Est. value
$475,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2006
Construction
WOOD
Heating
NONE
Stories
8
Buildings
1
Units
97
Rooms
1
Bathrooms
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Cpg Immigration Law Group
Entity
Mailing address
11 CAVANAUGH CT, PIEDMONT, CA 94610-1824
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2017
$780,000
Cpg Immigration Law Group
Patricia Marrone Bennett
Grant Deed
$546,000 · Trans Pacific National Bank
Jun 30, 2017
—
Patricia M Bennett
Bennett,robert W
Affidavit Of Death
related
—
Apr 11, 2014
—
Bennett Family Trust
Bennett,patricia M & Robert W
Quit Claim Deed
related
—
Oct 30, 2009
$243,500
Robert W Bennett
Pulte Hm Corp
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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