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Property profile & analytics
FOR LEASE
Retail space
5859 Macarthur Blvd Oakland, CA 94605
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US09-9289328
For Lease
1 / 2
$595,000
5859 Macarthur Blvd, Oakland, CA 94605
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1933
Construction
WOOD
Total area
2,870 SF
Lot
0.06 ac (2,813 SF)
APN
37A-2736-21
UPID
US09-9289328
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
-
Oja Osoronga African Goods Store
-
Spiritual Realization Center Gym & Fitness Center Alternative Medicine Practice
-
Cozmo El Jewelry (Bike/Boat/Book/etc) Store
-
The Good Life Market African Goods Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$414k
Blend (final)
Blend
$595k
Owner & transaction history
Constance Codling · 18 yrs held
Constance Codling
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$965,000
+41.3%
Office building
$690,000
+1.3%
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%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
RETAIL STORES
$680,000
Current use
MEDICAL BUILDING
$965,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$690,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$570,000
Change: -17% · Conversion: Easy
WAREHOUSE, STORAGE
$545,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$207 / 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
$10,697
Tax year 2023
Assessed value
$676,031
Assessed 2024
Previous assessed
$662,780
+2.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$148,083
Assessed improvement
$527,948
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
1933
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Total area
2,870 SF
Lot
0.06 ac (2,813 SF)
APN
37A-2736-21
UPID
US09-9289328
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
$680,000
MEDICAL BUILDING
Est. value
$965,000
OFFICE BUILDING
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$570,000
WAREHOUSE, STORAGE
Est. value
$545,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1933
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Constance Codling
Individual
Mailing address
2438 FRANCES ST APT #10, OAKLAND, CA 94601-4852
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2007
$525,000
Constance Codling
Lopez Barbara N
Grant Deed
$420,000 · Integrity Financial
Jul 30, 2004
—
Lopez,barbara N Tr
Lopez,barbara N
Quit Claim Deed
related
—
Jun 22, 2004
—
Barbara M Lopez
Lopez,earl D
Quit Claim Deed
related
—
Dec 16, 1983
—
Earl D Lopez
—
Grant Deed
related
—
Dec 1, 1979
—
—
—
Grant Deed
related
—
—
—
Earl D Lopez
—
Deed Of Trust
related
—
—
—
Lopez Barbara N Tr
—
Deed Of Trust
related
$270,000 · Interbay Funding LLC
—
—
Earl D Lopez
—
Deed Of Trust
related
$143,699 · Beneficial California INC
—
—
Earl D Lopez
—
Deed Of Trust
related
$140,000 · Beneficial California INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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