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Property profile & analytics
OFF-MARKET
Estimated value
$5,045,000
Investment properties
478 9th St Oakland, CA 94607
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8351042
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1877
Construction
TILT-UP CONCRETE
Total area
21,183 SF
Lot
0.17 ac (7,583 SF)
APN
2-47-9
UPID
US09-8351042
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
$4.95M
Comparable Approach
Comparable
$5.01M
Blend (final)
Blend
$5.05M
Owner & transaction history
11 West Ninth Street Property · 10 yrs held
11 West Ninth Street Property
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.6M
+40.3%
Medical building
$7.1M
+31.0%
Industrial (general)
$7.0M
+29.3%
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%
$5,360,000
6.5%
$4,945,000
7%
$4,595,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,435,000
Current use
RESTAURANT
$7,625,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$7,120,000
Change: +31% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,025,000
Change: +29% · Conversion: Moderate
OFFICE BUILDING
$5,480,000
Change: +1% · Conversion: Easy
RETAIL STORES
$5,035,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$5.05M
Range $4.54M – $5.55M · ±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
$238 / 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
$88,332
Tax year 2023
Assessed value
$5,956,378
Assessed 2024
Previous assessed
$5,839,617
+2.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,419,364
Assessed improvement
$4,537,014
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1877
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
4
Total area
21,183 SF
Lot
0.17 ac (7,583 SF)
APN
2-47-9
UPID
US09-8351042
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
$5.4M
RESTAURANT
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$7.1M
INDUSTRIAL (GENERAL)
Est. value
$7.0M
OFFICE BUILDING
Est. value
$5.5M
RETAIL STORES
Est. value
$5.0M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1877
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
4
Buildings
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
11 West Ninth Street Property
Entity
Free & Clear · 10 yrs held
Mailing address
11 9TH STGP, SAN FRANCISCO, CA 94103-1401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Jan 4, 2022
—
11 West Eighth Street Property Owne
—
Deed
related
$58,000,000 · 9th & Washington LLC
Oct 30, 2015
—
11 West Ninth Street Property
11 West Ninth Street Property
Quit Claim Deed
related
—
Sep 30, 2015
$44,402,000
11 West Ninth Street Owner LP
Psai Old Oakland Associates
Trustees Deed
$31,500,000 · Bank Of America
Jan 9, 2003
—
Psai Old Oakland Associates
—
Deed Of Trust
related
$20,500,000 · Bear Stearns Commercial Mtg
Dec 7, 2001
—
Psai Old Oakland Associates
Oakland Victorians Realty INC
Quit Claim Deed
related
$22,675,000 · Capital Source Finance Ttee
Aug 19, 1983
—
—
—
Grant Deed
related
—
—
—
Psai Old Oakland Assocs 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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