Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6602 Owens Dr Pleasanton, CA 94588-3310

    • Office Properties & Spaces
    • 7,195 SF
    OFF-MARKET
    Last Sale
    May 10, 2021
    $2,650,000
    Value Estimations
    $2,685,000
    Show details
    Cap Rate Potential
    6.1%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US09-7787872
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pleasanton Valley Insurance / Insurance Agency
    • Social Vocational Services / Social Services Organization
    • Coastal Brokers Insurance Services Inc / Insurance Agency
    • Regal Law Pleasanton / Personal Injury Attorney
    • Cho Jenny CPA / Accountant

    Property Details for 6602 Owens Dr

    Year built
    1982
    Construction
    TILT-UP CONCRETE
    Property size
    7,195 SF
    Property type
    Office Properties & Spaces
    APN
    941-1301-89
    APU
    941130189

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,545,000
      ML approach
      $2,440,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,585,000
      6.5%
      $2,385,000
      7%
      $2,215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,827,000
      Market price range: $2.21M - $3.83M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,995,000
      Current use
      RESTAURANT
      $3,620,000
      Change: +21% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $3,055,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $2,845,000
      Change: -5% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pleasanton
    County
    Alameda
    State
    California
    Longitude
    -121.907
    Latitude
    37.6968
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,778
    $742,840
    $2,069,340
    $2,812,180
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      4471 Stoneridge Dr

      CONDOMINIUM OFFICES • 0.11 Acres
      4471 Stoneridge Dr, Pleasanton, CA 94588-8404
      View Details
    • Value Estimation
      $560,000
      953 SF

      5890 Stoneridge Dr

      CONDOMINIUM OFFICES • 953 SF
      5890 Stoneridge Dr, Pleasanton, CA 94588-5818
      View Details
    • Value Estimation
      $565,000
      7,626 SF

      6602 Owens Dr

      CONDOMINIUM OFFICES • 7,626 SF
      6602 Owens Dr, Pleasanton, CA 94588-3310
      View Details
    • Value Estimation
      $250,000
      1,985 SF

      4430 Willow Rd Ste F

      CONDOMINIUM OFFICES • 1,985 SF
      4430 Willow Rd Ste F, Pleasanton, CA 94588-8576
      View Details
    • Value Estimation
      $240,000
      2,095 SF

      4430 Willow Rd Ste G

      CONDOMINIUM OFFICES • 2,095 SF
      4430 Willow Rd Ste G, Pleasanton, CA 94588-8576
      View Details
    • Value Estimation
      $235,000
      1,600 SF

      4430 Willow Rd Ste B

      CONDOMINIUM OFFICES • 1,600 SF
      4430 Willow Rd Ste B, Pleasanton, CA 94588-8576
      View Details

    Similar Nearby for Sale

    • $3,299,000
      7 SF

      Freestanding Office Building Near Hospital

      Single-story office building suitable for medical or general office use.
      4495 Stoneridge Dr | Pleasanton, Pleasanton, CA 94588
      View Details
    • Contact for pricing
      7,766 SF

      Pleasanton Office Building For Sale

      Office building with excellent parking, near BART, furniture included.
      5139-5145 Johnson Dr, Pleasanton, CA 94588
      View Details
    • $2,400,000
      5,292 SF

      Pleasanton 6-Unit Condominium Complex

      Prime Pleasanton 6-unit condominium complex in a desirable neighborhood.
      Fairlands Dr, Pleasanton, CA 94588
      View Details
    • Contact for pricing
      1,435.00 Acres

      Tassajara Ranch Estate Land

      1435 Acres, Buildable Lots, Private Reserve
      6401 Camino Tassajara, Pleasanton, CA 94588
      View Details
    • $3,150,000
      7,306 SF

      Pleasanton Flex/Industrial Space Available

      7,306 SF flex/industrial property in Pleasanton, California for sale.
      6602 Owens Dr, Pleasanton, CA 94588
      View Details
    • $2,400,000
      Pending

      80-Acre Land Investment Opportunity

      Expansive land parcel with income-generating cell tower in Pleasanton.
      3984 Foothill Rd, Pleasanton, CA 94588
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      3,017 SF

      Pleasanton Executive Office Suite

      3,017 SF Office Space Available
      5115 Johnson Dr, Pleasanton, CA 94588
      View Details
    • Contact for pricing

      Prime Office Space in Pleasanton

      Prestigious property with modern design, top-tier amenities, and strategic location.
      Pleasanton, CA 94588
      View Details
    • $2 SF/Yr
      1,686 SF

      Pleasanton Office Space For Lease

      Office space available for lease in a prime Pleasanton location.
      5776 Stoneridge Mall Rd, Pleasanton, CA 94588
      View Details
    • $2 SF/Yr
      1,235 SF

      Pleasanton Office Space For Rent

      Office space with excellent access and parking in Pleasanton, CA.
      6601 Owens Dr, Pleasanton, CA 94588
      View Details
    • Contact for pricing
      7,839 SF

      Pleasanton Office Space with Mezzanine

      Office space featuring a mezzanine, private offices, and lab areas.
      5700 Stoneridge Mall Rd, Pleasanton, CA 94588
      View Details
    • $1.75 SF/Yr
      15,026 SF

      Renovated Office Space Available

      Newly renovated office space with modern amenities and easy access.
      5000 Franklin Dr, Pleasanton, CA 94588
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6602 Owens Dr
    Pleasanton, CA 94588-3310
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.