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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Manufacturing properties
5299 Neroly Rd Oakley, CA 94561-2902
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1424499
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1951
Total area
11,126 SF
Lot
0.94 ac (40,946 SF)
Zoning code
LI
APN
051-220-029-6
UPID
US09-1424499
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
$2.25M
CAP Approach
CAP
$2.54M
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.21M
Owner & transaction history
K & B Properties LLC · 5 yrs held
K & B Properties LLC
since 2020
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
LI · Oakley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.0M
+54.0%
Auto repair, garage
$3.0M
+49.6%
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 Oakley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakley 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
$2,320,000
ML approach
$2,250,000
CAP Approach
CAP Return
Estimation
6%
$2,750,000
6.5%
$2,540,000
7%
$2,360,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,970,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,040,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,950,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±10% · vs last sale $1.95M (Jul 30 2020)
Last sale anchor
$1.95M
Jul 30 2020
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
$198 / 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
$23,762
Tax year 2024
Assessed value
$2,069,354
Assessed 2024
Previous assessed
$2,069,354
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$636,724
Assessed improvement
$1,432,630
Applied tax rate
19.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1951
Heating
NONE
Buildings
3
Stories
1
Units
5
Rooms
6
Bathrooms
1
Total area
11,126 SF
Lot
0.94 ac (40,946 SF)
Zoning code
LI
APN
051-220-029-6
UPID
US09-1424499
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
LI · Oakley, CA
Zoning LI · permitted uses
LI · Oakley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1951
Heating
NONE
Stories
1
Buildings
3
Units
5
Rooms
6
Bathrooms
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
K & B Properties LLC
Entity
Mailing address
302 CHARDONNAY CIR, CLAYTON, CA 94517-1403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2020
—
K & B Properties LLC
—
Deed
related
$975,000 · Community Bk/the Bay
Jul 30, 2020
$1,950,000
K & B Properties LLC
Gravelle G & M F/tr
Grant Deed
$975,000 · Community Bk/the Bay
Jan 6, 2009
—
Gravelle G & M Family Trust
Gravelle,gordon
Quit Claim Deed
related
—
Feb 4, 2004
—
Gordon Gravelle
Gravelle,mary
Quit Claim Deed
related
—
Mar 28, 2003
$950,000
Gordon Gravelle
Deornellas,tr
Grant Deed
—
Jan 24, 2003
—
Deornellas,tr
Deornellas,dalton & Debra D
Quit Claim Deed
related
—
Nov 30, 2001
$785,000
Dalton E Deornellas
Franco,dennis E & Burl J
Grant Deed
$731,200 · Sonoma National Bank
Nov 28, 1988
$175,000
Dennis Franco
Sholly,c.&d./sic
Grant Deed
$140,000 · Individual
—
—
K & B Properties LLC
—
Deed Of Trust
related
$804,000 · Bay Area Employment Dev
—
—
Gordon Gravelle
—
Deed Of Trust
related
$672,000 · Central California Bank
—
—
K & B Properties LLC
—
Deed Of Trust
related
$975,000 · Community Bk/the Bay
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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