Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5505 Springhouse Dr Pleasanton, CA 94588-4038

    • Apartment buildings
    • 249,319 SF
    • 14.71 lot acres
    OFF-MARKET
    Last Sale
    Nov 12, 2021
    $86,041,755
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9054259
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Avana Stoneridge Apartments / Apartment Rental Agency / Apartment Complex

    Property Details for 5505 Springhouse Dr

    Year built
    1992
    Construction
    WOOD
    Lot size
    14.71 lot acres
    Property size
    249,319 SF
    Property type
    Apartment buildings
    APN
    941-2764-12-1
    APU
    9412764121

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pleasanton
    County
    Alameda
    State
    California
    Longitude
    -121.883
    Latitude
    37.6891
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,088,986
    $44,196,192
    $134,862,345
    $179,058,537
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,205,000
      155,318 SF

      4930 Owens Dr

      APARTMENT HOUSE (5+ UNITS) • 155,318 SF
      4930 Owens Dr, Pleasanton, CA 94588-4510
      View Details
    • Value Estimation
      $1,550,000
      306,815 SF

      4863 Willow Rd

      APARTMENT HOUSE (5+ UNITS) • 306,815 SF
      4863 Willow Rd, Pleasanton, CA 94588-4483
      View Details
    • Value Estimation
      $345,000
      5,418 SF

      4421 Fairlands Dr

      APARTMENT HOUSE (5+ UNITS) • 5,418 SF
      4421 Fairlands Dr, Pleasanton, CA 94588-3441
      View Details
    • Value Estimation
      $1,555,000
      335,523 SF

      5789 Gibraltar Dr

      APARTMENT HOUSE (5+ UNITS) • 335,523 SF
      5789 Gibraltar Dr, Pleasanton, CA 94588-4776
      View Details
    • Value Estimation
      $1,280,000
      366,452 SF

      3410 Andrews Dr

      APARTMENT HOUSE (5+ UNITS) • 366,452 SF
      3410 Andrews Dr, Pleasanton, CA 94588-3047
      View Details
    • Value Estimation
      $320,000
      5,418 SF

      4343 Fairlands Dr

      APARTMENT HOUSE (5+ UNITS) • 5,418 SF
      4343 Fairlands Dr, Pleasanton, CA 94588-3446
      View Details

    Similar Nearby for Sale

    • $2,400,000
      5,292 SF

      Pleasanton 6-Unit Condominium Complex

      Prime Pleasanton 6-unit condominium complex in a desirable neighborhood.
      Fairlands Dr, Pleasanton, CA 94588
      View Details
    • $3,299,000
      7 SF

      Freestanding Office Building Near Hospital

      Single-story office building suitable for medical or general office use.
      4495 Stoneridge Dr | Pleasanton, Pleasanton, CA 94588
      View Details
    • Contact for pricing
      7,766 SF

      Pleasanton Office Building For Sale

      Office building with excellent parking, near BART, furniture included.
      5139-5145 Johnson Dr, Pleasanton, CA 94588
      View Details
    • Contact for pricing
      1,435.00 Acres

      Tassajara Ranch Estate Land

      1435 Acres, Buildable Lots, Private Reserve
      6401 Camino Tassajara, Pleasanton, CA 94588
      View Details
    • $3,150,000
      7,306 SF

      Pleasanton Flex/Industrial Space Available

      7,306 SF flex/industrial property in Pleasanton, California for sale.
      6602 Owens Dr, Pleasanton, CA 94588
      View Details
    • $2,400,000
      Pending

      80-Acre Land Investment Opportunity

      Expansive land parcel with income-generating cell tower in Pleasanton.
      3984 Foothill Rd, Pleasanton, CA 94588
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      19,846 SF

      Regus Pleasanton Office Space

      Premium Pleasanton office suites, flexible options.
      6200 Stoneridge Mall Rd, Pleasanton, CA 94588
      View Details
    • $54 SF/Yr
      9,961 SF

      Hopyard Road Retail & Restaurant Space

      Prime Pleasanton location, flexible space available.
      5321 Hopyard Rd, Pleasanton, CA 94588
      View Details
    • $25 SF/Yr
      3,017 SF

      Pleasanton Executive Office Suite

      3,017 SF Office Space Available
      5115 Johnson Dr, Pleasanton, CA 94588
      View Details
    • Contact for pricing
      69,900 SF

      Pleasanton Medical Office Space

      Class A medical suites, prime location.
      5860 Owens Dr, Pleasanton, CA 94588
      View Details
    • Contact for pricing
      31,747 SF

      Hacienda Plaza Retail Space For Lease

      Prime Pleasanton Retail Opportunity
      5696-5698 Gibraltar Dr, Pleasanton, CA 94588
      View Details
    • Contact for pricing

      Pleasanton Office Space For Rent

      Newly renovated office space with on-site amenities and freeway visibility.
      5880-5890 Owens Dr, Pleasanton, CA 94588
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5505 Springhouse Dr
    Pleasanton, CA 94588-4038
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.