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Property profile & analytics
OFF-MARKET
Auto shops
480 24th St Oakland, CA 94612-2407
Entity Owned
15-yr Hold
Free & Clear
Property ID
US09-9326058
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1924
Construction
TILT-UP CONCRETE
Total area
5,950 SF
Lot
0.18 ac (7,735 SF)
APN
8-674-16
UPID
US09-9326058
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Koreana Dev Associates LLC · 15 yrs held
Koreana Dev Associates LLC
since 2011
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,936
Tax year 2023
Assessed value
$1,096,218
Assessed 2024
Previous assessed
$1,075,720
+1.9% YoY
Effective rate
1.73%
On assessed value
Assessed land
$340,373
Assessed improvement
$755,845
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
5,950 SF
Lot
0.18 ac (7,735 SF)
APN
8-674-16
UPID
US09-9326058
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
Building & site characteristics
From public records
Year built
1924
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Koreana Dev Associates LLC
Entity
Free & Clear · 15 yrs held
Mailing address
2370 TELEGRAPH AVE, OAKLAND, CA 94612-2421
Ownership since
2011
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
May 28, 2019
—
Koreana Dev Associates LLC
—
Deed
related
$1,900,000 · Bank Of America
Apr 18, 2018
—
Koreana Dev Associates LLC
—
Deed
related
$523,749 · Bank Of America
Mar 10, 2011
$815,000
Koreana Dev Associates LLC
Marshall,brad F & Laura L
Grant Deed
—
Sep 1, 1999
—
Martha Co
Lloyds Automotive
Quit Claim Deed
related
—
Sep 1, 1999
$300,000
Marshall,brad F & Laura L
Martha Co
Trustees Deed
$217,500 · Wells Fargo Bank
—
—
Koreana Dev Associates LLC
—
Deed Of Trust
related
$1,900,000 · Bank Of America
—
—
Koreana Dev Associates LLC
—
Deed Of Trust
related
$523,749 · Bank Of America
—
—
Koreana Dev Associates LLC
—
Deed Of Trust
related
$604,000 · Bank Of America
Mar 4, 1964
—
—
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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