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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Investment properties
478 Lk Park Ave Oakland, CA 94610-2730
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US09-7855670
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1924
Construction
WOOD
Total area
4,538 SF
Lot
0.11 ac (4,849 SF)
APN
11-837-90
UPID
US09-7855670
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
-
Gelato Firenze Grocery & Convenience Store Specialty Food Shop
-
QTea Bar Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$635k
Owner & transaction history
Thang Nguyen Long · 12 yrs held
Thang Nguyen Long
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,000,000
Current use
WAREHOUSE, STORAGE
$865,000
Change: -14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$855,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$140 / 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
$15,792
Tax year 2023
Assessed value
$739,094
Assessed 2024
Previous assessed
$724,605
+2.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$360,534
Assessed improvement
$378,560
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
1924
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
5
Total area
4,538 SF
Lot
0.11 ac (4,849 SF)
APN
11-837-90
UPID
US09-7855670
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
$1.0M
WAREHOUSE, STORAGE
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$855,000
COMMERCIAL (GENERAL) Current
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
1924
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
5
Lot
0.11 ac
Current owner
From public records · entity-resolved
Thang Nguyen Long
Individual
Mailing address
997 VERMONT ST, OAKLAND, CA 94610-1662
Ownership since
2013
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
Aug 20, 2013
$615,000
Thang Nguyen Long
Bac Nguyen Vuong
Grant Deed
$690,000 · Industrial & Commercial Bank Of Chi
Nov 21, 2006
—
Vuong B Nguyen
Owner,record
Grant Deed
related
—
Nov 7, 2003
—
Bac,nguyen Tr
Bac Nguyen,vuong
Quit Claim Deed
related
—
Oct 4, 2002
$700,000
Vuong B Nguyen
Phillip,tr
Grant Deed
$455,000 · Tamalpais Bank
Oct 4, 2002
—
Voung B Nguyen
Tran,nguyet
Quit Claim Deed
related
—
Aug 3, 2001
—
Kavich Trust
Kavich Trust
Quit Claim Deed
related
—
May 12, 1998
—
Kavich Trust
Kavich,philip J
Quit Claim Deed
related
—
—
—
Long T Nguyen
—
Deed Of Trust
related
$685,100 · Bank Of The West
Jun 25, 1962
—
—
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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