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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Flex space
945 11th St Oakland, CA 94606-3719
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8538345
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1948
Construction
TILT-UP CONCRETE
Total area
4,000 SF
Lot
0.09 ac (4,000 SF)
APN
19-17-5-1
UPID
US09-8538345
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
$600k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$473k
Blend (final)
Blend
$600k
Owner & transaction history
Christine Le · 1 yrs held
Christine Le
since 2024
Last sale
$600,000
7 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 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$965,000
Change: -17% · Conversion: Difficult
RETAIL STORES
$950,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Sep 9 2024)
Last sale anchor
$600k
Sep 9 2024
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
$150 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$25,281
Tax year 2024
Assessed value
$1,392,478
Assessed 2024
Previous assessed
$1,392,478
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$178,480
Assessed improvement
$1,213,998
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
4,000 SF
Lot
0.09 ac (4,000 SF)
APN
19-17-5-1
UPID
US09-8538345
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
OFFICE BUILDING
Est. value
$965,000
RETAIL STORES
Est. value
$950,000
OFFICE BUILDING
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
1948
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Christine Le
Individual
Mailing address
945 E 11TH ST STE #200, OAKLAND, CA 94606-3719
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 9, 2024
$600,000
Christine Le
Charford INC
Deed
$360,000 · Sequoia Loan Servicing INC
Jul 10, 2024
—
Charford INC
Enterprise Bank & Trust
Gift Deed
related
—
Feb 21, 2024
$850,000
Enterprise Bank & Trust
Raul Inderkumer LLC
Trustees Deed
related
—
Jun 1, 2018
$1,248,500
Raul Inderkumer LLC
Xin Li Run
Grant Deed
$1,116,000 · Seacoast Commerce Bank
Jun 1, 2018
—
Strong,g H & Ruth E Trust
Strong,g H
Affidavit Of Death
related
—
Jun 12, 2007
$640,000
Run X Li
Strong G H & Ruth E Trust
Grant Deed
$576,000 · Strong G H & Ruth E Trust
Mar 1, 2005
—
Strong G H & Ruth E Trust
Strong,gardner & Ruth E
Quit Claim Deed
related
—
Mar 15, 2000
$112,000
Gardner Strong
Ayers Trust
Grant Deed
—
Apr 14, 1994
—
Ayers Trust
Ayers,bruce M &
Quit Claim 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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