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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Investment properties
920 Central Ave Alameda, CA 94501-3406
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-9373276
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Construction
WOOD
Total area
1,704 SF
Lot
0.08 ac (3,375 SF)
APN
73-398-6
UPID
US09-9373276
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
-
Malaya Tea Room Restaurant Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$795k
Owner & transaction history
Leena Lim Leary · 3 yrs held
Leena Lim Leary
since 2023
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$725,000
+57.2%
Medical building
$675,000
+46.3%
Auto repair, garage
$550,000
+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
$805,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$495,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$725,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$675,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$550,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$485,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $800k (Feb 10 2023)
Last sale anchor
$800k
Feb 10 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
$467 / 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
$14,107
Tax year 2023
Assessed value
$816,000
Assessed 2024
Previous assessed
$974,563
-16.3% YoY
Effective rate
1.73%
On assessed value
Assessed land
$255,000
Assessed improvement
$561,000
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
1910
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
2
Rooms
6
Bathrooms
2
Total area
1,704 SF
Lot
0.08 ac (3,375 SF)
APN
73-398-6
UPID
US09-9373276
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$725,000
MEDICAL BUILDING
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$550,000
RETAIL STORES
Est. value
$485,000
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1910
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
2
Rooms
6
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Leena Lim Leary
Individual
Mailing address
920 CENTRAL AVEB, ALAMEDA, CA 94501-3406
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
$800,000
Leena Lim Leary
Lim5 LLC
Grant Deed
$679,900 · Wells Fargo Bank NA
Mar 19, 2019
—
Lim5 LLC
Lim,heng K
Quit Claim Deed
$150,000 · Velocity Com'l Cap
Sep 20, 2016
$770,000
Heng K Lim
Kin & Lavinia LLC
Grant Deed
$230,000 · Private Individual
Apr 7, 2004
$350,000
Kin & Lavinia LLC
Jin,victor
Grant Deed
$245,000 · Metropolitan Bank
Mar 9, 2000
—
Jin Trust
Jin,victor
Quit Claim Deed
related
—
—
—
Victor Jin
—
Deed Of Trust
related
$44,000 · Moyer Properties
—
—
Victor Jin
—
Deed Of Trust
related
$115,000 · Moyer Properties
—
—
Kin & Lavinia LLC
—
Deed Of Trust
related
$75,000 · Metropolitan Bank
—
—
Victor Jin
—
Deed Of Trust
related
$115,000 · Trans Pacific National Bank
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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