Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$38,750,000
Flex space
860 81st Ave Oakland, CA 94621-2510
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7999429
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1958
Construction
TILT-UP CONCRETE
Total area
129,726 SF
Lot
5.38 ac (234,353 SF)
APN
41-4207-1
UPID
US09-7999429
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
-
Envision Cold Storage Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$38.75M
CAP Approach
CAP
$24.42M
Comparable Approach
Comparable
$43.50M
Blend (final)
Blend
$38.75M
Owner & transaction history
Ecs-norcal Propco LLC · 2 yrs held
Ecs-norcal Propco LLC
since 2024
Last sale
$38.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$55.1M
+33.3%
Restaurant
$46.7M
+12.9%
Medical building
$43.6M
+5.4%
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
$38,750,000
ML approach
$38,750,000
CAP Approach
CAP Return
Estimation
6%
$26,450,000
6.5%
$24,415,000
7%
$22,675,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$41,360,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$55,115,000
Change: +33% · Conversion: Difficult
RESTAURANT
$46,705,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$43,600,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$38.75M
Range $34.88M – $42.63M · ±10% · vs last sale $38.75M (Jun 27 2024)
Last sale anchor
$38.75M
Jun 27 2024
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
$299 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$298,422
Tax year 2024
Assessed value
$21,754,600
Assessed 2024
Previous assessed
$21,754,600
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$4,987,640
Assessed improvement
$16,766,960
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Stories
1
Total area
129,726 SF
Lot
5.38 ac (234,353 SF)
APN
41-4207-1
UPID
US09-7999429
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
INDUSTRIAL (GENERAL) Current
Est. value
$41.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$55.1M
RESTAURANT
Est. value
$46.7M
MEDICAL BUILDING
Est. value
$43.6M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
MEDICAL BUILDING
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
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
4
Lot
5.38 ac
Current owner
From public records · entity-resolved
Ecs-norcal Propco LLC
Entity
Mailing address
1776 PEACHTREE ST NW405S, ATLANTA, GA 30309-2307
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
$38,750,000
Ecs-norcal Propco LLC
Hp-a Oakland LLC
Grant Deed
—
Jan 3, 2023
—
Hp A Oakland LLC
—
Deed
related
$22,750,000 · Comerica Bank
Aug 18, 2020
$26,150,000
Hp A Oakland LLC
Agro Merchants Oakland LLC
Grant Deed
$20,041,000 · Comerica Bank
Apr 16, 2018
—
Agro Merchants Oakland LLC
—
Deed
related
—
Oct 15, 2014
—
Agro Mechants Oakland LLC
860 81st Associates LLC
Grant Deed
$5,000,000 · Wells Fargo Bank NA
Jun 29, 2012
—
860 81st Associates LLC
—
Trustees Deed
related
$8,200,000 · Comerica Bank
Aug 23, 2011
$3,450,000
860 81st Associates LLC
Miller Land Cattle & Wine 2
Grant Deed
—
Dec 20, 1996
$1,200,000
Land Cattle Miller
Saumura,shoichi & Mieko
Grant Deed
$1,400,000 · Comerica Bank California
Mar 25, 1996
$1,200,000
Land Cattle Miller
Samura,shoichi & Mieko
Grant Deed
—
—
—
Land Cattle Miller
—
Deed Of Trust
related
$850,000 · Comerica Bank California
—
—
Agro Merchants Oakland LLC
—
Deed Of Trust
related
$144,000,000 · Cortland Capital Market Services LLC Cortland Capital Market Services LLC
—
—
Land Cattle Miller
—
Deed Of Trust
related
—
—
—
Land Cattle Miller
—
Deed Of Trust
related
—
—
—
Agro Merchants Oakland LLC
—
Loan Modification
related
—
—
—
Land Cattle Miller
—
Deed Of Trust
related
—
—
—
Land Cattle Miller
—
Deed Of Trust
related
$850,000 · Comerica Bank California
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 860 81st Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
