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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Retail space
9000 Macarthur Blvd Oakland, CA 94605
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-8055156
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Construction
TILT-UP CONCRETE
Total area
2,940 SF
Lot
0.06 ac (2,447 SF)
APN
48-5600-1
UPID
US09-8055156
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
$650k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$424k
Blend (final)
Blend
$695k
Owner & transaction history
Iruma Investments Corp · 4 yrs held
Iruma Investments Corp
since 2021
Last sale
$735,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$990,000
+41.3%
Office building
$710,000
+1.3%
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
$710,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$585,000
Alternative Use
Use
Estimation
RETAIL STORES
$700,000
Current use
MEDICAL BUILDING
$990,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$710,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$580,000
Change: -17% · Conversion: Easy
WAREHOUSE, STORAGE
$560,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $735k (Aug 18 2021)
Last sale anchor
$735k
Aug 18 2021
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
$236 / 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
$16,076
Tax year 2023
Assessed value
$896,929
Assessed 2024
Previous assessed
$877,407
+2.2% YoY
Effective rate
1.79%
On assessed value
Assessed land
$260,100
Assessed improvement
$636,829
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
2,940 SF
Lot
0.06 ac (2,447 SF)
APN
48-5600-1
UPID
US09-8055156
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
$700,000
MEDICAL BUILDING
Est. value
$990,000
OFFICE BUILDING
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$580,000
WAREHOUSE, STORAGE
Est. value
$560,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1969
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Iruma Investments Corp
Entity
Free & Clear · 4 yrs held
Mailing address
62 N SIERRA MADRE ST, MOUNTAIN HOUSE, CA 95391-1151
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2021
$735,000
Iruma Investments Corp
Christine Vee
Grant Deed
—
May 8, 2012
—
Harry Soo-hoo
Soo-hoo,del M
Affidavit Of Death
related
—
Jan 17, 1986
—
Soohoo,harry C|soohoo,d M Tr
—
Warranty Deed
related
—
Oct 5, 1967
—
—
—
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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