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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Flex space
963 87th Ave Oakland, CA 94621-1645
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8617329
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1925
Construction
TILT-UP CONCRETE
Total area
1,500 SF
Lot
0.06 ac (2,500 SF)
APN
42-4283-8-2
UPID
US09-8617329
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
-
Silva Associated Roofing Inc Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$794k
Blend (final)
Blend
$745k
Owner & transaction history
Marco A Ramirez Nuno · 1 yrs held
Marco A Ramirez Nuno
since 2025
Last sale
$690,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$635,000
+33.3%
Medical building
$505,000
+5.4%
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
$930,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$480,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$505,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $690k (Feb 15 2025)
Last sale anchor
$690k
Feb 15 2025
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
$497 / 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
$7,532
Tax year 2024
Assessed value
$479,400
Assessed 2024
Previous assessed
$479,400
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$153,000
Assessed improvement
$326,400
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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
1,500 SF
Lot
0.06 ac (2,500 SF)
APN
42-4283-8-2
UPID
US09-8617329
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
INDUSTRIAL (GENERAL) Current
Est. value
$480,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
MEDICAL BUILDING
Est. value
$505,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Marco A Ramirez Nuno
Individual
Mailing address
1229 UNDERWOOD AVE, SAN FRANCISCO, CA 94124-3353
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 15, 2025
$690,000
Marco A Ramirez Nuno
Abigail Badillo
Grant Deed
$586,500 · Harvest Small Business Finance LLC
May 15, 2025
—
Marco A Ramirez Nuno
Laura Gomez Mendoza
Deed
related
—
Aug 8, 2022
$940,000
Abigail Fuentes
87th Avenue LLC
Grant Deed
$658,000 · Baggin Management Company INC
Sep 14, 2018
$610,000
87th Avenue LLC
Silva Associated Roofing Co
Grant Deed
$235,000 · Silva Associated Roofing Co
May 27, 2004
$305,000
Silvia Associated Roofing Co
Hovsepian,tr
Quit Claim Deed
related
$99,500 · Hovsepian Trust
Dec 21, 1999
—
Demirjian Trust
Demirjian Trust
Quit Claim Deed
related
—
—
—
Laverne A Mainer
—
Deed Of Trust
related
$50,000 · Robert A Goodman
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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