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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    670 Mccormick St San Leandro, CA 94577-1110

    • Office buildings
    • 7,668 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    $1,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6669754
    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

    • D C Optical Laboratory / Wholesaler / Health

    Property Details for 670 Mccormick St

    Year built
    1974
    Construction
    TILT-UP CONCRETE
    Lot size
    0.79 lot acres
    Property size
    7,668 SF
    Property type
    Office buildings
    APN
    77A-743-40
    APU
    77A74340

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,878,000
      Market price range: $1.76M - $3.45M
      AI Estimate
      $1,112,000
      Market price range: $519k - $2.48M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,240,000
      COMMERCIAL (GENERAL)
      $2,225,000
      RETAIL STORES
      $2,065,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Leandro
    County
    Alameda
    State
    California
    Longitude
    -122.188
    Latitude
    37.7241
    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
    $19,093
    $916,334
    $590,794
    $1,507,128
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.45 Acres

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      $805,000
      3,155 SF

      239 Joaquin Ave

      OFFICE BUILDING • 3,155 SF
      239 Joaquin Ave, San Leandro, CA 94577-4709
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    • Value Estimation by Request
      1,354 SF

      1883 14th St

      OFFICE BUILDING • 1,354 SF
      1883 14th St, San Leandro, CA 94577-5020
      View Details
    • Value Estimation
      $46,430,000
      132,018 SF

      1500 Alvarado St

      PROFESSIONAL BUILDING (MULTI-STORY) • 132,018 SF
      1500 Alvarado St, San Leandro, CA 94577-2630
      View Details
    • Value Estimation
      $36,035,000
      142,704 SF

      794 Davis St

      OFFICE BUILDING • 142,704 SF
      794 Davis St, San Leandro, CA 94577-6922
      View Details
    • Value Estimation
      $1,415,000
      6,088 SF

      432 Estudillo Ave

      OFFICE BUILDING • 6,088 SF
      432 Estudillo Ave, San Leandro, CA 94577-4908
      View Details

    Similar Nearby for Sale

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      2,800 SF

      Mixed-Use Buildings Near Downtown

      Two mixed-use buildings located near downtown San Leandro.
      2242 Washington Ave, San Leandro, CA 94577
      View Details
    • $1,200,000
      1,933 SF

      Mixed-Use Property in San Leandro

      Industrial/Residential property with office and residential units, remodeled/upgraded.
      2144 Alvarado St, San Leandro, CA 94577
      View Details
    • $1,200,000
      1,933 SF

      Live-Work Property in San Leandro

      Mixed-use property with residential and office space for sale.
      Alvarado St, San Leandro, CA 94577
      View Details
    • $2,000,000
      4,902 SF

      San Leandro Multifamily Investment Opportunity

      Updated 5-unit apartment building in San Leandro's Assumption Parish.
      1888 Bancroft Ave, San Leandro, CA 94577
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    • $4,250,000
      13,580 SF

      Established Restaurant Site For Sale

      Restaurant site with high visibility and ample parking.
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      San Leandro Leased Investment Opportunity

      Multi-tenant retail property for sale in San Leandro.
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    Similar Nearby for Lease

    • $49 SF/Yr

      New Construction Office Space Available

      Mediterranean-style office building with open-air balconies and on-site parking.
      1100 San Leandro Blvd, San Leandro, CA 94577
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    • Contact for pricing
      4,506 SF

      San Leandro Medical/Professional Office Space

      Medical/Professional Services/Office/Retail space available in San Leandro, CA.
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      View Details
    • $1.15 SF/Yr
      15,000 SF

      San Leandro Office and Warehouse

      Office and warehouse space available for lease in San Leandro.
      1444-1446 Factor Ave, San Leandro, CA 94577
      View Details
    • $1.50 SF/Yr
      4,000 SF

      San Leandro Warehouse with Office

      4,000 SF warehouse with office space available for sublease.
      2082 Edison Ave, San Leandro, CA 94577
      View Details
    • $1.50 SF/Yr
      4,988 SF

      San Leandro Flex Space Available

      Flex space with office, roll-up doors, and corner unit.
      14451-14477 Catalina St, San Leandro, CA 94577
      View Details
    • $5 SF/Yr
      22,000 SF

      San Leandro Office Space Available

      22,000 square foot office space in San Leandro, CA.
      1500 Alvarado St, San Leandro, CA 94577
      View Details
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    670 Mccormick St
    San Leandro, CA 94577-1110
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    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
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