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Property profile & analytics
OFF-MARKET
Estimated value
$4,210,000
Warehouses
486 Lesser St, Oakland, CA 94601-4902
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-8235164
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Construction
TILT-UP CONCRETE
Total area
36,550 SF
Lot
1.06 ac (46,250 SF)
APN
34-2304-13-1
UPID
US09-8235164
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
-
Design Workshops General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.21M
Owner & transaction history
486 Lesser Street LLC · 19 yrs held
486 Lesser Street LLC
since 2007
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
AUTO REPAIR, GARAGE
$6,870,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$4.21M
Range $3.79M – $4.63M · ±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
$115 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$53,053
Tax year 2024
Assessed value
$3,677,181
Assessed 2024
Previous assessed
$3,677,181
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,103,141
Assessed improvement
$2,574,040
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
36,550 SF
Lot
1.06 ac (46,250 SF)
APN
34-2304-13-1
UPID
US09-8235164
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
AUTO REPAIR, GARAGE
Est. value
$6.9M
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
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
486 Lesser Street LLC
Entity
Mailing address
486 LESSER ST, OAKLAND, CA 94601-4902
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
—
486 Lesser Street LLC
—
Deed
related
$2,935,400 · Tad Beach
Aug 8, 2024
—
Lesser Street LLC
—
Deed
related
$1,400,000 · California Bank Of Commerce
Jan 15, 2021
—
486 Lesser Street LLC
—
Deed
related
$521,600 · Ron A Beach
Mar 1, 2019
—
486 Lesser Street LLC
—
Deed
related
—
Jan 12, 2018
—
486 Lesser Street LLC
—
Deed
related
$232,000 · Randy Robinson
Jul 22, 2016
—
486 Lesser Street LLC
—
Deed
related
$1,597,674 · Bourdon R & J Fam Trust (pt)
Feb 1, 2007
$1,765,000
486 Lesser Street LLC
Gerson A N & A Trust
Grant Deed
$2,000,000 · Comerica Bank
Dec 10, 1999
—
Gerson Trust
—
Deed Of Trust
related
$2,583,835 · Civicbank Of Commerce
Mar 5, 1999
$1,510,000
Gerson Trust
Grover Trust
Grant Deed
$2,300,000 · Civicbank Of Commerce
Jul 21, 1997
—
Grover Trust
Grover,richard A & Margaret W
Quit Claim Deed
related
—
Feb 18, 1997
$41,000
Richard A Grover
Gibbert,gregory C & Rebecca R
Grant Deed
related
$20,000 · Seller
—
—
486 Lesser Street LLC
—
Loan Modification
related
—
—
—
486 Lesser Street LLC
—
Loan Modification
related
—
—
—
Bourdon R G & J L Living Trust
—
Deed Of Trust
related
$1,250,000 · Gerson A N & A Living Trust
—
—
486 Lesser Street LLC
—
Deed Of Trust
related
$1,597,674 · Bourdon R & J Fam Trust (pt)
—
—
486 Lesser Street LLC
—
Deed Of Trust
related
$232,000 · Randy Robinson
—
—
486 Lesser Street LLC
—
Deed Of Trust
related
$521,600 · Ron A Beach
—
—
486 Lesser Street 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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