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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Assisted living facilities
510 Central Ave Alameda, CA 94501-3725
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-7787834
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1902
Construction
WOOD
Total area
4,693 SF
Lot
0.28 ac (12,350 SF)
APN
74-1305-12-1
UPID
US09-7787834
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
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$2.23M
Owner & transaction history
Marsglade LLC · 4 yrs held
Marsglade LLC
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+44.1%
Medical building
$1.9M
+34.1%
Auto repair, garage
$1.5M
+9.2%
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 Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda 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
$2,160,000
ML approach
$2,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,385,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,995,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$1,855,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,510,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±10% · vs last sale $2.25M (Nov 15 2021)
Last sale anchor
$2.25M
Nov 15 2021
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
$475 / 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
$31,760
Tax year 2023
Assessed value
$2,338,819
Assessed 2024
Previous assessed
$2,292,960
+2.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$884,340
Assessed improvement
$1,454,479
Applied tax rate
21.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1902
Construction
WOOD
Heating
NONE
Buildings
2
Stories
3
Units
2
Rooms
15
Bathrooms
4
Total area
4,693 SF
Lot
0.28 ac (12,350 SF)
APN
74-1305-12-1
UPID
US09-7787834
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1902
Construction
WOOD
Heating
NONE
Stories
3
Buildings
2
Units
2
Rooms
15
Bathrooms
4
Lot
0.28 ac
Current owner
From public records · entity-resolved
Marsglade LLC
Entity
Mailing address
510 CENTRAL AVE, ALAMEDA, CA 94501-3725
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2021
$2,250,000
Marsglade LLC
Campbell Johnson Investments LLC
Grant Deed
—
Jun 4, 2020
—
Campbell Johnson Invs LLC
—
Deed
related
$843,000 · Private Busn Cap
Jun 2, 2020
—
Campbell Johnson Investments LLC
—
Deed
related
$606,000 · The Mortgage Capital Development Corp
Oct 29, 2019
$1,500,000
Campbell Johnson Investments LLC
Matthew J Duncan
Grant Deed
$843,000 · Pprivate Busines Capital
Oct 29, 2019
—
Daniela Rivas
Miguel Rivas
Quit Claim Deed
related
—
May 12, 2017
—
Groff,glenn W Living Trust
Groff Glenn W 1999 Trust
Quit Claim Deed
related
—
May 10, 2017
—
Matthew J Duncan
Groff,glenn W
Affidavit Of Death
related
—
Aug 31, 2015
—
Groff,glenn W Living Trust
Groff,glenn
Quit Claim Deed
related
—
May 9, 2001
—
Glenn Groff
Groff,glenn W
Quit Claim Deed
related
$550,000 · Metropolitan Bank
Jul 10, 1997
—
Kent Kibbe
Kibbe,kent & Gertrude M
Quit Claim Deed
related
—
Oct 8, 1996
—
Kent Kibbe
Groff,glenn
Grant Deed
related
—
May 25, 1993
—
Kent Kibbe
Kibbe,kent&gertr
Quit Claim Deed
related
—
—
—
Glenn Groff
—
Deed Of Trust
related
$50,000 · Metropolitan Bank
—
—
Glenn Groff
—
Deed Of Trust
related
$770,000 · Metropolitan Bank
—
—
Glenn Groff
—
Deed Of Trust
related
$675,000 · Metropolitan Bank
—
—
Glenn Groff
—
Deed Of Trust
related
$500,000 · Metropolitan Bank
—
—
Kent Kibbe
—
Deed Of Trust
related
$298,500 · Mortgage Magic
—
—
Kent Kibbe
—
Deed Of Trust
related
$28,500 · Title West Mortgage INC
—
—
Kent Kibbe
—
Deed Of Trust
related
$329,700 · Parkside Financial
—
—
Campbell Johnson Invs LLC
—
Deed Of Trust
related
$606,000 · Mortgage Cap Dev
—
—
Kent Kibbe
—
Deed Of Trust
related
$150,000 · Mls Funding Group
—
—
Campbell Johnson Invs LLC
—
Deed Of Trust
related
$843,000 · Private Busn Cap
—
—
Glenn Groff
—
Deed Of Trust
related
$900,000 · World Savings
—
—
Glenn Groff
—
Deed Of Trust
related
$40,000 · Metropolitan Bank
—
—
Kent Kibbe
—
Deed Of Trust
related
$50,000 · Headlands Mortgage
—
—
Kent Kibbe
—
Deed Of Trust
related
$35,000 · Alameda City (ca)
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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