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Property profile & analytics
OFF-MARKET
Estimated value
$3,110,000
Industrial properties
449 23rd Ave Oakland, CA 94606-5304
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-6648161
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2008
Construction
TILT-UP CONCRETE
Total area
17,109 SF
Lot
1.13 ac (49,012 SF)
APN
8-715-1
UPID
US09-6648161
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
by Request
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
$3.44M
Blend (final)
Blend
$3.11M
Owner & transaction history
Broadway Grand Retail Investor · 12 yrs held
Broadway Grand Retail Investor
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.9M
+102.7%
Office building
$4.1M
+69.2%
Retail stores
$4.1M
+67.0%
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%
$4,235,000
6.5%
$3,910,000
7%
$3,630,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,435,000
Current use
INDUSTRIAL (GENERAL)
$4,940,000
Change: +103% · Conversion: Moderate
OFFICE BUILDING
$4,125,000
Change: +69% · Conversion: Easy
RETAIL STORES
$4,070,000
Change: +67% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,215,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$3.11M
Range $2.80M – $3.42M · ±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
$182 / 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
$109,337
Tax year 2023
Assessed value
$7,889,093
Assessed 2024
Previous assessed
$7,400,376
+6.6% YoY
Effective rate
1.39%
On assessed value
Assessed land
$2,403,560
Assessed improvement
$5,485,533
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
6
Total area
17,109 SF
Lot
1.13 ac (49,012 SF)
APN
8-715-1
UPID
US09-6648161
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
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
6
Lot
1.13 ac
Current owner
From public records · entity-resolved
Broadway Grand Retail Investor
Individual
Mailing address
335 15TH ST STE #200, SAN DIEGO, CA 92101-7532
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2014
$2,200,000
Broadway Grand Retail Investor
Broadway Grand I Retail LLC
Grant Deed
$1,800,000 · Guardian Investment Cap LLC
Feb 9, 2011
—
Broadway Grand I Retail LLC
Signature Of Broadway Grand LLC
Quit Claim Deed
—
Jun 4, 2008
—
Signature Of Broadway Grand LLC
—
Deed Of Trust
related
$57,417,284 · Wells Fargo Bank
Apr 7, 2005
—
Signature Of Broadway Grand LLC
Hunt,tyler R
Grant Deed
related
—
Apr 3, 1973
—
Tyler R Hunt
—
Grant Deed
related
—
—
—
Signature Of Broadway Grand LLC
—
Deed Of Trust
related
—
—
—
Signature Ofe Broadway Grand LLC
—
Deed Of Trust
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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