New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Investment properties
918 Central Ave Alameda, CA 94501-6748
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-7083918
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
WOOD
Total area
3,115 SF
Lot
0.12 ac (5,063 SF)
APN
73-398-5
UPID
US09-7083918
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
-
Beaker's Records (Bike/Boat/Book/etc) Store
-
Paulino Building Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$970k
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.06M
Owner & transaction history
918 Central LLC · 5 yrs held
918 Central LLC
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+57.2%
Medical building
$1.2M
+46.3%
Auto repair, garage
$1.0M
+19.1%
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
$935,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
$1,050,000
6.5%
$970,000
7%
$900,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$840,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,325,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$1,230,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,005,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$885,000
Change: +5% · Conversion: Easy
OFFICE BUILDING
$850,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $1.09M (Jun 29 2021)
Last sale anchor
$1.09M
Jun 29 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
$339 / 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
$17,252
Tax year 2023
Assessed value
$1,151,402
Assessed 2024
Previous assessed
$1,128,834
+2.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$350,196
Assessed improvement
$801,206
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 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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
2
Rooms
5
Bathrooms
1
Total area
3,115 SF
Lot
0.12 ac (5,063 SF)
APN
73-398-5
UPID
US09-7083918
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
COMMERCIAL (GENERAL) Current
Est. value
$840,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$885,000
OFFICE BUILDING
Est. value
$850,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE 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
1920
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
2
Rooms
5
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
918 Central LLC
Entity
Mailing address
918 CENTRAL AVE, ALAMEDA, CA 94501-6748
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2021
$1,085,000
918 Central LLC
Linda P Costello
Grant Deed
—
Dec 22, 2020
—
Paulino,leonardo N 2020 Trust
Leonardo N Paulino
Affidavit Of Death
related
—
Jul 8, 2020
—
Paulino,leonardo N 2020 Trust
Leonardo N Paulino
Quit Claim Deed
related
—
Feb 27, 2012
—
Leonardo Paulino
Paulino,maria F
Affidavit Of Death
related
—
Dec 30, 1998
$235,000
Leonard N Paulino
Hofmann,irma
Grant Deed
$201,500 · Seller
—
—
Leonardo N Paulino
—
Deed Of Trust
related
$205,000 · Trans Pacific Bank
—
—
Leonardo N Paulino
—
Deed Of Trust
related
$150,000 · Us Bank NA
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 918 Central 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.
