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Property profile & analytics
OFF-MARKET
Estimated value
$15,485,000
Super regional malls
867 Is Dr Alameda, CA 94502-6751
Entity Owned
25-yr Hold
~
Est. High Equity
Property ID
US09-8217617
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1979
Construction
WOOD
Total area
114,782 SF
Lot
9.59 ac (417,915 SF)
APN
74-1045-10-2
UPID
US09-8217617
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
-
OnTrac Drop Box Shipping Company Freight Service
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Safeway Photo Center (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
Jolene L. Chan, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.96M
Blend (final)
Blend
$15.49M
Owner & transaction history
Harbor Bay Landing LLC · 25 yrs held
Harbor Bay Landing LLC
since 2001
6 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 Alameda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alameda 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.49M
Range $13.94M – $17.03M · ±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
$135 / 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
$289,393
Tax year 2023
Assessed value
$20,337,507
Assessed 2024
Previous assessed
$19,938,795
+2.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$7,716,692
Assessed improvement
$12,620,815
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Buildings
9
Stories
1
Total area
114,782 SF
Lot
9.59 ac (417,915 SF)
APN
74-1045-10-2
UPID
US09-8217617
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
1979
Construction
WOOD
Heating
NONE
Stories
1
Buildings
9
Lot
9.59 ac
Current owner
From public records · entity-resolved
Harbor Bay Landing LLC
Entity
Mailing address
PO BOX 117610, BURLINGAME, CA 94011-7610
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2001
—
Harbor Bay Landing LLC
Chang,michael C & Sandy H
Grant Deed
related
—
Aug 26, 1994
—
Bb Landing
Bedford,peter B
Grant Deed
related
—
—
—
Harbor Bay Landing LLC
—
Deed Of Trust
related
$15,700,000 · Guardian Life Insurance Co
—
—
Bedford Peter B
—
Deed Of Trust
related
$146,000 · Fkla Realty Corp
—
—
Bedford Peter B
—
Deed Of Trust
related
$2,097,000 · Dynamo Financial
—
—
Peter B Bedford
—
Deed Of Trust
related
$2,000,000 · Butterfield Financial
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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