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Property profile & analytics
OFF-MARKET
Estimated value
$21,060,000
Office buildings
6425 Christie Ave, Emeryville, CA 94608-1091
Entity Owned
19-yr Hold
Free & Clear
Property ID
US09-9018863
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
126,087 SF
Lot
2.82 ac (122,839 SF)
APN
49-1491-7
UPID
US09-9018863
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
by Request
CAP Approach
CAP
$27.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.06M
Owner & transaction history
Bay Center Investors LLC · 19 yrs held
Bay Center Investors LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$32.1M
+5.7%
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 Emeryville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Emeryville 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%
$30,050,000
6.5%
$27,740,000
7%
$25,760,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$30,385,000
Current use
INDUSTRIAL (GENERAL)
$32,105,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$29,980,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$21.06M
Range $18.95M – $23.17M · ±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
$167 / 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
$236,096
Tax year 2023
Assessed value
$56,871,086
Assessed 2024
Previous assessed
$55,756,111
+2.0% YoY
Effective rate
0.42%
On assessed value
Assessed land
$16,155,066
Assessed improvement
$40,716,020
Applied tax rate
14.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
5
Total area
126,087 SF
Lot
2.82 ac (122,839 SF)
APN
49-1491-7
UPID
US09-9018863
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
OFFICE BUILDING Current
Est. value
$30.4M
INDUSTRIAL (GENERAL)
Est. value
$32.1M
RETAIL STORES
Est. value
$30.0M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1988
Construction
STEEL FRAME
Heating
NONE
Stories
5
Buildings
1
Lot
2.82 ac
Current owner
From public records · entity-resolved
Bay Center Investors LLC
Entity
Free & Clear · 19 yrs held
Mailing address
180 GRAND AVE STE #1400, OAKLAND, CA 94612-3752
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
—
Bay Center Investor LLC
—
Deed
related
$65,000,000 · Miscellaneous Ins Co
Nov 29, 2017
—
Bay Center Investor LLC
—
Deed
related
$57,453,265 · Miscellaneous Ins Co
Sep 12, 2012
—
Bay Center Investor LLC
—
Deed Of Trust
related
$60,000,000 · New York Life Insurance
Jun 1, 2007
—
Bay Center Investors LLC
Bay Center Office LLC
Grant Deed
—
Jun 28, 2004
—
Bay Center Office LLC
Bay Center Associates
Quit Claim Deed
related
$34,000,000 · Comerica Bank
—
—
Bay Center Investor LLC
—
Loan Modification
related
$57,453,265 · Miscellaneous Ins Co
—
—
Bay Center Investor LLC
—
Loan Modification
related
$65,000,000 · Miscellaneous Ins Co
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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