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Property profile & analytics
FOR LEASE
Super regional malls
8281 Baldwin St Oakland, CA 94621
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-7650651
For Lease
1 / 2
$13,000,000
8281 Baldwin St, Oakland, CA 94621
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1994
Construction
TILT-UP CONCRETE
Total area
70,871 SF
Lot
6.92 ac (301,443 SF)
APN
42-4318-46-1
UPID
US09-7650651
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.00M
Owner & transaction history
640 Hegenberger LLC · 7 yrs held
640 Hegenberger LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$183 / 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
$242,873
Tax year 2023
Assessed value
$14,402,456
Assessed 2024
Previous assessed
$14,120,078
+2.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$8,533,575
Assessed improvement
$5,868,881
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Stories
1
Units
2
Total area
70,871 SF
Lot
6.92 ac (301,443 SF)
APN
42-4318-46-1
UPID
US09-7650651
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
Building & site characteristics
From public records
Year built
1994
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
4
Units
2
Lot
6.92 ac
Current owner
From public records · entity-resolved
640 Hegenberger LLC
Entity
Mailing address
4849 E 12TH ST, OAKLAND, CA 94601-5107
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2021
—
640 Hegenberger LLC
—
Deed
related
$5,000,000 · State Bank Of India California
Jun 10, 2020
—
640 Hegenberger LLC
—
Deed
related
$4,000,000 · Bank Of The Orient
Jul 26, 2019
—
640 Hegenberger LLC
—
Deed
related
$4,000,000 · Bank Of The Orient
May 15, 2019
—
640 Hegenberger LLC
Dodg Corp
Quit Claim Deed
$3,600,000 · Bank Of The Orient
Jun 12, 2017
$9,240,000
Dodg Corp
Gccfc 2005-gg5 Hegenberger Ret
Grant Deed
$5,500,000 · Lone Oak Fund
Mar 25, 2016
$8,983,300
Gccfc 2005-gg5 Hegenberger Ret
First American Title|fre 258 LLC
Trustees Deed
related
—
Jan 28, 2013
—
Dolan Foster Ents LLC
—
Loan Modification
related
$45,000,000 · Bank Of America
Feb 4, 2009
—
Kera Oakland LLC
Fre 258 LLC
Grant Deed
—
Sep 29, 2005
—
Fre 258 LLC
Gms Realty LLC
Grant Deed
$10,500 · Greenwich Capital Fin'l INC
Feb 17, 2004
—
Gms Realty LLC
—
Deed Of Trust
related
$50,000,000 · Wells Fargo Bank Trustee
Jan 15, 2002
—
Gms Realty LLC
640 Hegenberger
Grant Deed
related
—
—
—
640 Hegenberger LLC
—
Deed Of Trust
related
$4,000,000 · Bank Of The Orient
—
—
640 Hegenberger LLC
—
Loan Modification
related
$4,000,000 · Bank Of The Orient
—
—
Fre 258 LLC
—
Deed Of Trust
related
$10,500,000 · Greenwich Cap Com'l 2005-gg5
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.
Try Rey
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