Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    83 Wright Brothers Ave Livermore, CA 94551-9473
    Back to Search
    Property profile & analytics

    83 Wright Brothers Ave, Livermore, CA 94551-9473

    View on Map
    • Flex space
    • 10,575 SF
    • 0.55 lot acres
    Off-Market
    Last Sale Jan 4, 2021
    $3,250,000
    Property ID
    US09-7908176
    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.
    Value Estimations
    $3,155,000
    Show details
    Cap Rate Potential
    4.3%
    Flex space
    Location Intelligence

    Current Use by Public Records

    • LVKitchen / Take-out & Catering
    • CTKempanadas / Restaurant
    • Speakeasy Pizza Livermore / Take-out & Catering
    • Charming Fig / Cafe & Coffee Shop
    • Postres Macarons / Bakery / Specialty Food Shop

    Property Details for 83 Wright Brothers Ave

    Year built
    1999
    Construction
    TILT-UP CONCRETE
    Lot size
    0.55 lot acres
    Property type
    Flex space
    APN
    99-1342-23-2
    APU
    991342232

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 7, 2022 — River Town LLC — Deed · related $2.4M · Heritage Bank Of Commerce
    Jan 4, 2021 $3,250,000 River Town LLC Checkers Grill Grant Deed $2M · Checkers Grill
    Jun 8, 2004 — Checkers Grill — Trustees Deed · related $240k · Wells Fargo Bank
    Oct 10, 2003 $1,377,000 Checkers Grill Patmont,tr Grant Deed $1.2M · Wells Fargo Bank
    Dec 27, 1999 $905,500 Steven J Patmont Airport Business Center Prop Grant Deed $815k · Seller

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,910,000
      ML approach
      $2,880,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,110,000
      6.5%
      $1,945,000
      7%
      $1,810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,477,000
      Market price range: $1.93M - $3.48M
      AI Estimate
      $1,901,000
      Market price range: $425k - $1.90M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,685,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,495,000
      Change: +67% Conversion: Difficult
      MEDICAL BUILDING
      $4,180,000
      Change: +56% Conversion: Difficult
      OFFICE BUILDING
      $3,585,000
      Change: +34% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,405,000
      Change: +27% Conversion: Easy
      RETAIL STORES
      $3,000,000
      Change: +12% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,960,000
      Change: +10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Livermore
    County
    Alameda
    State
    California
    Longitude
    -121.803
    Latitude
    37.6895
    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
    2024
    $40,759
    $636,720
    $2,812,180
    $3,448,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,620,000
      26,144 SF

      6600 Preston Ave

      LIGHT INDUSTRIAL
      6600 Preston Ave, Livermore, CA 94551-5132
      View Details
    • Value Estimation
      $1,230,000
      9,200 SF

      387 Wright Brothers Ave

      LIGHT INDUSTRIAL
      387 Wright Brothers Ave, Livermore, CA 94551-9323
      View Details
    • Value Estimation
      $4,190,000
      36,561 SF

      550 Canyons Pkwy

      LIGHT INDUSTRIAL
      550 Canyons Pkwy, Livermore, CA 94551-9472
      View Details
    • Value Estimation
      $4,265,000
      40,144 SF

      396 Earhart Way

      LIGHT INDUSTRIAL
      396 Earhart Way, Livermore, CA 94551-9309
      View Details
    • Value Estimation
      $9,780,000
      93,120 SF

      6645 Las Positas Rd

      LIGHT INDUSTRIAL
      6645 Las Positas Rd, Livermore, CA 94551-5107
      View Details
    • Value Estimation
      $11,450,000
      63,460 SF

      5700 Las Positas Rd

      LIGHT INDUSTRIAL
      5700 Las Positas Rd, Livermore, CA 94551-7806
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,230 SF

      Flex Condo Near I-580

      Flex condominium unit with easy access to I-580.
      410-446 Preston Ct, Livermore, CA 94551
      View Details
    • $1,400,000

      Corner Unit with Valley Views

      Flex/industrial/office space with warehouse and valley views for sale/lease.
      3163 Independence Dr, Livermore, CA 94551
      View Details
    • Contact for pricing
      1,342 SF

      Industrial Condo Near I-580

      Industrial condo with office space and easy highway access.
      326-386 Preston Ct, Livermore, CA 94551
      View Details
    • Contact for pricing
      1,500 SF

      Las Positas Business Park Condo

      Two-story office condo in Livermore's Las Positas Business Park.
      6551-6589 Las Positas Rd, Livermore, CA 94551
      View Details
    • Contact for pricing
      5,440 SF

      Livermore Light Industrial Condo

      Light industrial condo available for sale in Livermore, California.
      5902 Las Positas Rd, Livermore, CA 94551
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,360 SF

      Lindbergh Avenue Flex Space Available

      8,360 RSF flex space available through May 2028.
      208-336 Lindbergh Ave, Livermore, CA 94551
      View Details
    • Contact for pricing
      1,452 SF

      Light Industrial Space For Lease

      Light industrial space with 15% office buildout available for lease.
      6776 Preston Ave, Livermore, CA 94551
      View Details
    • Contact for pricing
      5,482 SF

      New Industrial Business Center Space

      Newly developed industrial space with excellent freeway access and amenities.
      7651 Longard Rd, Livermore, CA 94551
      View Details
    • Contact for pricing
      572 SF

      Functional Warehouse Space Available

      572 SF warehouse space with office and HVAC.
      2432-2478 Armstrong St, Livermore, CA 94551
      View Details
    • Contact for pricing
      9,000 SF

      Versatile Industrial Building with Office

      34,880± SF industrial building with two-story office space.
      350 Sonic Ave, Livermore, CA 94551
      View Details
    • Contact for pricing
      2,593 SF

      Livermore Flex Space For Rent

      Flex space available for rent in Livermore, California.
      3555 Old 1St St, Livermore, CA 94551
      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.
    83 Wright Brothers Ave
    Livermore, CA 94551-9473
    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

    Thank You for Inquiry
    83 Wright Brothers Ave, Livermore, CA, 94551
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!