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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Turn key restaurants
5897 College Ave Oakland, CA 94618-1602
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8577290
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Construction
WOOD
Total area
2,454 SF
Lot
0.12 ac (5,083 SF)
APN
14-1269-1
UPID
US09-8577290
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
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.80M
Owner & transaction history
Kibret Zenebech · 1 yrs held
Kibret Zenebech
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,800,000
ML approach
$1,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.80M (Jul 31 2024)
Last sale anchor
$1.80M
Jul 31 2024
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
$733 / 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
$45,612
Tax year 2023
Assessed value
$2,639,743
Assessed 2024
Previous assessed
$2,639,743
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$521,510
Assessed improvement
$2,118,233
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
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
2,454 SF
Lot
0.12 ac (5,083 SF)
APN
14-1269-1
UPID
US09-8577290
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
Building & site characteristics
From public records
Year built
1930
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Kibret Zenebech
Individual
Mailing address
357 GRAND AVE, OAKLAND, CA 94610-4827
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jul 31, 2024
$1,800,000
Kibret Zenebech
Edward S L Chu
Grant Deed
—
Jun 8, 2018
—
Monique Festinese
Festinese,giuseppe
Affidavit Of Death
related
$760,881 · East West Bk
Nov 2, 2007
—
Edward S L Chu
Chan,elaine S
Grant Deed
$950,000 · East West Bank
Apr 20, 2007
—
Elaine S Chan
Chan Wayne C & E S Trust
Quit Claim Deed
related
—
Jun 4, 1993
$452,500
Wayne Chan
Nelson,h.
Grant Deed
—
Apr 9, 1993
$350,000
Sara Drapkin
Friedman,r.&m.
Grant Deed
$250,000 · Bank Of America
Oct 4, 1983
$188,000
—
—
Grant Deed
related
—
—
—
Wayne&elaine,wayne Trust
—
Deed Of Trust
related
—
—
—
Harold G Nelson
—
Deed Of Trust
related
$400,000 · Coker Pump & Equ
—
—
Edward S L Chu
—
Deed Of Trust
related
$150,000 · Joseph & Monique Festinese
—
—
Edward S L Chu
—
Loan Modification
related
$760,881 · East West Bk
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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