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Property profile & analytics
OFF-MARKET
Estimated value
$41,085,000
Outlet malls
8400 Edgewater Dr Oakland, CA 94621-1468
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6696133
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2005
Construction
TILT-UP CONCRETE
Total area
148,380 SF
Lot
11.38 ac (495,512 SF)
APN
42-4425-29
UPID
US09-6696133
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
Current use
Occupant on record · Public records
-
Carrefour Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$44.26M
Comparable Approach
Comparable
$54.81M
Blend (final)
Blend
$41.09M
Owner & transaction history
Raising Canes Restaurants LLC · 3 yrs held
Raising Canes Restaurants LLC
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$63.0M
+78.7%
Restaurant
$53.4M
+51.4%
Medical building
$49.9M
+41.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$47,950,000
6.5%
$44,260,000
7%
$41,100,000
Alternative Use
Use
Estimation
RETAIL STORES
$35,285,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$63,040,000
Change: +79% · Conversion: Moderate
RESTAURANT
$53,425,000
Change: +51% · Conversion: Easy
MEDICAL BUILDING
$49,870,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$47,305,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$35,755,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$32,705,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$41.09M
Range $36.98M – $45.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$277 / 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
$118,041
Tax year 2023
Assessed value
$30,243,815
Assessed 2024
Previous assessed
$33,735,100
-10.3% YoY
Effective rate
0.39%
On assessed value
Assessed land
$15,422,302
Assessed improvement
$14,821,513
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
148,380 SF
Lot
11.38 ac (495,512 SF)
APN
42-4425-29
UPID
US09-6696133
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$35.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$63.0M
RESTAURANT
Est. value
$53.4M
MEDICAL BUILDING
Est. value
$49.9M
INDUSTRIAL (GENERAL)
Est. value
$47.3M
OFFICE BUILDING
Est. value
$35.8M
COMMERCIAL (GENERAL)
Est. value
$32.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
11.38 ac
Current owner
From public records · entity-resolved
Raising Canes Restaurants LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1840 SAN MIGUEL DR STE #206, WALNUT CREEK, CA 94596-4912
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
—
Raising Canes Restaurants LLC
8400 Edge Water LLC
Lease
—
Nov 8, 2022
—
8400 Edgewater LLC
8400 Edgewater LLC
Grant Deed
related
—
Jul 10, 2019
—
Pueblo Uno Partners LP
Koll Pueblo Uno Associates LP
Quit Claim Deed
—
Jul 10, 2019
$26,000,000
8400 Edgewater LLC
Koll Pueblo Uno Associates LP
Grant Deed
$16,500,000 · First Republic Bank
Mar 17, 2005
—
Koll Pueblo Uno Associates
Kpua Oakland LLC
Grant Deed
—
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.
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