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Property profile & analytics
FOR LEASE
Retail space
579 18th St Oakland, CA 94612-1546
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-6544174
For Lease
1 / 2
Contact for pricing
579 18th St, Oakland, CA 94612-1546
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1905
Construction
WOOD
Total area
13,080 SF
Lot
0.25 ac (10,800 SF)
APN
3-63-4
UPID
US09-6544174
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
$5.19M
CAP Approach
CAP
$3.90M
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$5.50M
Owner & transaction history
Oakland Square LLC · 6 yrs held
Oakland Square LLC
since 2020
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.6M
+78.7%
Commercial (general)
$5.0M
+61.3%
Restaurant
$4.7M
+51.4%
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
$5,495,000
ML approach
$5,185,000
CAP Approach
CAP Return
Estimation
6%
$4,225,000
6.5%
$3,900,000
7%
$3,625,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,110,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,555,000
Change: +79% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,015,000
Change: +61% · Conversion: Easy
RESTAURANT
$4,710,000
Change: +51% · Conversion: Easy
MEDICAL BUILDING
$4,395,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,775,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$3,150,000
Change: +1% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,035,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$5.50M
Range $4.95M – $6.04M · ±10% · vs last sale $4.70M (Feb 26 2020)
Last sale anchor
$4.70M
Feb 26 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
$420 / 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
$58,546
Tax year 2023
Assessed value
$3,750,000
Assessed 2024
Previous assessed
$4,703,985
-20.3% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,600,000
Assessed improvement
$2,150,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1905
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
5
Bathrooms
4
Total area
13,080 SF
Lot
0.25 ac (10,800 SF)
APN
3-63-4
UPID
US09-6544174
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
RETAIL STORES Current
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.0M
RESTAURANT
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1905
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
5
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Oakland Square LLC
Entity
Mailing address
620 RIGHTERS FRY RD, BALA CYNWYD, PA 19004-1347
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
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2020
$4,700,000
Oakland Square LLC
Peg Telegraph LLC
Grant Deed
—
Jun 1, 2016
$2,000,000
Peg Telegraph LLC
Parish Property Group LLC
Grant Deed
$2,100,000 · Trust Deed Inv
Sep 12, 2012
—
Parish Property Group LLC
Brick Town Property Group LLC
Grant Deed
—
Sep 6, 2012
$869,500
Parish Property Group LLC
Loanvest I LLC
Grant Deed
$850,000 · Travers Charles N & E H Trust
Jun 22, 2012
—
Loanvest I LLC
Brick Town Property Group LLC
Grant Deed
related
—
May 4, 2012
$869,077
Loanvest I LP
Old Republic Title Co
Trustees Deed
related
—
Sep 16, 2009
—
Record Owner
Post Construction Services
Grant Deed
related
—
Jul 14, 2009
$482,000
Brick Town Property Group LLC
Loanvest I LLC
Grant Deed
—
Jun 29, 2009
$482,000
Brick Town Property Group LLC
Loanvest I LLC
Grant Deed
$853,000 · Lcgi Mortgage Fund LLC
Jan 16, 2008
$100,000
Loanvest I LLC
Standard Trust Deed Service
Trustees Deed
related
—
May 24, 2006
$2,217,818
577-579 18th Street Ptrs LLC
577-579 18th Street Ptrs LLC
Grant Deed
related
—
Apr 6, 2006
$3,000,000
577-579 18th Street Ptrs LLC
Jimmies Limousine Service INC
Grant Deed
$1,700,000 · Leo H Boger Dds INC Pension
Feb 14, 1995
$288,000
Jimmies Limousine Service INC
Ward,jimmie L
Grant Deed
related
$657,000 · Truckee River Bank
Jul 24, 1990
$480,000
Jimmie Ward
Lerman,a.
Grant Deed
related
—
Jul 23, 1990
$357,500
A. Lerman
The Middleton Tr
Grant Deed
related
—
—
—
Post Construction Services
—
Deed Of Trust
related
$100,000 · Lcgi Mortgage Fund LLC
—
—
Post Construction Services
—
Deed Of Trust
related
$675,000 · Loanvest I LLC
—
—
Cocktail Lounge Jimmies
—
Deed Of Trust
related
$50,000 · Oakland City (ca)
—
—
Gary Rosenquist
—
Deed Of Trust
related
$255,000 · Individual
—
—
Jimmies Limousine Service INC
—
Deed Of Trust
related
$250,000 · Edward J Gonsalves
—
—
Jimmie L Ward
—
Deed Of Trust
related
$50,000 · Individual
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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