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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Investment properties
644 40th St Oakland, CA 94609-2304
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-9020335
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2016
Construction
FRAME
Total area
6,115 SF
Lot
0.15 ac (6,498 SF)
APN
12-1012-30-2
UPID
US09-9020335
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
-
Helm Law Office, PC Law Firm
-
Wild Femme Spa & Massage Center Skin Care Clinic
-
I Reunion Church Church
-
Violet Fury Hair Salon
-
watersandstone (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$763k
Blend (final)
Blend
$1.13M
Owner & transaction history
Macarthur Annex LLC · 8 yrs held
Macarthur Annex LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.8M
+27.2%
Office building
$1.5M
+6.1%
Retail stores
$1.5M
+4.7%
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 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%
$1,545,000
6.5%
$1,430,000
7%
$1,325,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,390,000
Current use
INDUSTRIAL (GENERAL)
$1,765,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$1,475,000
Change: +6% · Conversion: Easy
RETAIL STORES
$1,455,000
Change: +5% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,320,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±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
$185 / 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
$24,040
Tax year 2023
Assessed value
$1,526,811
Assessed 2024
Previous assessed
$1,496,876
+2.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$390,578
Assessed improvement
$1,136,233
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
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
NONE
Buildings
2
Stories
3
Units
2
Bathrooms
2
Total area
6,115 SF
Lot
0.15 ac (6,498 SF)
APN
12-1012-30-2
UPID
US09-9020335
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
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2016
Construction
FRAME
Heating
NONE
Stories
3
Buildings
2
Units
2
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Macarthur Annex LLC
Entity
Mailing address
3871 PIEDMONT AVE #301, OAKLAND, CA 94611-5378
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
—
Macarthur Annex LLC
—
Deed
related
$2,400,000 · Fremont Bank
Aug 4, 2017
—
Macarthur Annex LLC
Oakland Point Properties LLC
Grant Deed
—
Feb 15, 2017
—
Oakland Point Properties LLC
—
Deed
related
$2,200,000 · Fremont Bank
May 20, 2014
$575,000
Oakland Point Properties LLC
Apostolic Church Of Deliverance J
Grant Deed
—
Apr 1, 1987
$65,000
Apostolic Church Of Deliveranc
Magee,robert T
Grant Deed
$65,000
Oct 1, 1979
$40,000
Apostolic Church Of Deliverance Jesu
—
Grant Deed
related
—
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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