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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Auto shops
8914 Macarthur Blvd Oakland, CA 94605-4029
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-8364690
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1961
Construction
TILT-UP CONCRETE
Total area
9,360 SF
Lot
0.3 ac (13,000 SF)
APN
43A-4638-23-1
UPID
US09-8364690
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
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.31M
Owner & transaction history
8914 Macarthur LLC · 2 yrs held
8914 Macarthur LLC
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+5.3%
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
$1,110,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,760,000
Current use
COMMERCIAL (GENERAL)
$1,855,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±10% · vs last sale $1.30M (Aug 31 2023)
Last sale anchor
$1.30M
Aug 31 2023
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
$139 / 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
$32,660
Tax year 2023
Assessed value
$1,300,000
Assessed 2024
Previous assessed
$2,101,200
-38.1% YoY
Effective rate
2.51%
On assessed value
Assessed land
$750,000
Assessed improvement
$550,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Bathrooms
2
Total area
9,360 SF
Lot
0.3 ac (13,000 SF)
APN
43A-4638-23-1
UPID
US09-8364690
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
AUTO REPAIR, GARAGE Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE Current
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
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Bathrooms
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
8914 Macarthur LLC
Entity
Mailing address
1731 ADRIAN RD STE #12, BURLINGAME, CA 94010-2108
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$1,300,000
8914 Macarthur LLC
David Min Hang Chan
Grant Deed
—
Aug 31, 2023
—
David Min Hang Chan
Nicolette Leanne Nagy Chan
Intrafamily Transfer
related
—
Apr 26, 2022
—
Nicolette Leanne Nagy Chan
David Min Hang Chan
Intrafamily Transfer
related
—
Mar 6, 2020
$1,450,000
David M H Chan
Aegis Dev Holdings LLC
Grant Deed
$760,000 · Benjamin E Lesin
Mar 6, 2020
—
David M H Chan
Suzanne Nagy
Quit Claim Deed
related
$760,000 · Aegis Dev Hldgs LLC
Sep 15, 2017
—
Aegis Dev Holdings LLC
—
Deed
related
$500,000 · Preferred Bk
Mar 15, 2017
—
Aegis Dev Holdings LLC
—
Deed
related
$650,000 · Tri-valley Bk
Jun 17, 2016
—
Aegis Dev Holdings LLC
—
Deed
related
$425,000 · Other Institutional Lenders
Mar 31, 2016
—
Aegis Dev Holdings LLC
—
Trustees Deed
related
$425,000 · Other Institutional Lenders
Jun 4, 2015
$431,500
Aegis Dev Holdings LLC
Seneca Leandro View LLC
Grant Deed
$425,000 · Bh Lenders LLC
May 6, 2013
$83,000
Seneca Leandro View LLC
Taylor Rosalie G
Grant Deed
—
May 6, 2011
—
Rosalie G Taylor
Taylor,dennis J
Affidavit Of Death
related
—
—
—
Dennis J Taylor
—
Deed Of Trust
related
$7,372 · David & Elaine Albright
—
—
Aegis Dev Holdings LLC
—
Loan Modification
related
$425,000 · Other Institutional Lenders
—
—
Aegis Dev Holdings LLC
—
Deed Of Trust
related
$650,000 · Tri-valley Bk
—
—
Aegis Dev Holdings LLC
—
Deed Of Trust
related
$500,000 · Preferred Bk
—
—
Dennis J Taylor
—
Deed Of Trust
related
$30,000 · Hansen Trust
Jan 1, 1964
—
—
—
Grant Deed
related
—
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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