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

    688 San Leandro Blvd San Leandro, CA 94577-1558

    • Apartment buildings
    • 4,466 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    May 27, 2025
    $1,280,000
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    6.3%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-8477431
    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

    • Apartment buildings

    Property Details for 688 San Leandro Blvd

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    4,466 SF
    Property type
    Apartment buildings
    APN
    75-182-8-6
    APU
    7518286

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,020,000
      ML approach
      $1,070,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,080,000
      6.5%
      $995,000
      7%
      $925,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,305,000
      Current use
      OFFICE BUILDING
      $1,485,000
      Change: +14% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,475,000
      Change: +13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,295,000
      Change: -1% Conversion: Moderate
      RETAIL STORES
      $1,205,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Leandro
    County
    Alameda
    State
    California
    Longitude
    -122.164
    Latitude
    37.7281
    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
    $23,433
    $349,328
    $1,044,504
    $1,393,832
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $820,000
      32,070 SF

      1600 Grand Ave

      APARTMENT HOUSE (5+ UNITS) • 32,070 SF
      1600 Grand Ave, San Leandro, CA 94577-5370
      View Details
    • Value Estimation
      $430,000
      40,493 SF

      155 Haas Ave

      APARTMENT HOUSE (5+ UNITS) • 40,493 SF
      155 Haas Ave, San Leandro, CA 94577-3717
      View Details
    • Value Estimation
      $985,000
      57,775 SF

      1691 Hays St

      APARTMENT HOUSE (5+ UNITS) • 57,775 SF
      1691 Hays St, San Leandro, CA 94577
      View Details
    • Value Estimation
      $290,000
      5,644 SF

      2801 Marina Blvd

      APARTMENT HOUSE (5+ UNITS) • 5,644 SF
      2801 Marina Blvd, San Leandro, CA 94577-4042
      View Details
    • Value Estimation
      $855,000
      25,504 SF

      2705 Marina Blvd

      APARTMENT HOUSE (5+ UNITS) • 25,504 SF
      2705 Marina Blvd, San Leandro, CA 94577-4055
      View Details
    • Value Estimation
      $375,000
      6,798 SF

      520 Bancroft Ave

      APARTMENT HOUSE (5+ UNITS) • 6,798 SF
      520 Bancroft Ave, San Leandro, CA 94577-2044
      View Details

    Similar Nearby for Sale

    • $8,250,000
      0.99 Acres

      Newport Apartments: San Leandro Multifamily

      28-unit apartment building, prime San Leandro location.
      2615 Marina Blvd, 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
      View Details
    • $999,888

      Triplex on Large Lot

      Triplex with development potential on a large lot.
      235 Bancroft Ave, San Leandro, CA 94577
      View Details
    • $1,198,000

      San Leandro Four-Unit Multifamily Property

      Four-unit property in San Leandro with spacious one-bedroom apartments.
      400 Joaquin Ave, San Leandro, CA 94577
      View Details
    • $849,000
      1,468 SF

      San Leandro Duplex with ADU Potential

      Vacant duplex in San Leandro with ADU potential on large lot.
      2062 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

    Similar Nearby for Lease

    • $21 SF/Yr
      4,800 SF

      San Leandro Mixed-Use Building

      Two-story mixed-use building with retail and residential units for rent.
      1680 E 14Th St, San Leandro, CA 94577
      View Details
    • $21 SF/Yr
      5,240 SF

      San Leandro Industrial Flex Space

      Multi-tenant light industrial space available for rent in San Leandro.
      2014-2020 Farallon Dr, San Leandro, CA 94577
      View Details
    • $1.55 SF/Yr
      3,566 SF

      San Leandro Flex/Industrial Space

      Flex/industrial space with easy access to transportation and amenities.
      1645-1655 Alvarado St, San Leandro, CA 94577
      View Details
    • $1.05 SF/Yr
      11,600 SF

      San Leandro Warehouse Space Available

      Warehouse space for lease, close to Marina Boulevard exit.
      1613 Abram Ct, San Leandro, CA 94577
      View Details
    • $2 SF/Yr
      2,161 SF

      Downtown San Leandro Office Space

      Multi-tenant office building in the heart of San Leandro.
      101 Callan Ave, San Leandro, CA 94577
      View Details
    • Contact for pricing
      8,220 SF

      San Leandro Office Space Available

      Renovated office space near BART and freeways.
      1290 E 14Th St, San Leandro, CA 94577
      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.
    688 San Leandro Blvd
    San Leandro, CA 94577-1558
    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.