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Property profile & analytics
OFF-MARKET
Estimated value
$37,080,000
Office buildings
Martinez St San Leandro, CA 94577
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-7989777
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
2017
Construction
STEEL FRAME
Total area
120,000 SF
Lot
1.63 ac (71,158 SF)
APN
75-47-62
UPID
US09-7989777
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
by Request
CAP Approach
CAP
$39.80M
Comparable Approach
Comparable
$44.88M
Blend (final)
Blend
$37.08M
Owner & transaction history
Sltc LLC · 8 yrs held
Sltc LLC
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$60.4M
+51.6%
Neighborhood: shopping center
$51.0M
+28.0%
Medical building
$47.4M
+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 San Leandro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Leandro 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$43,115,000
6.5%
$39,795,000
7%
$36,955,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$39,840,000
Current use
RESTAURANT
$60,410,000
Change: +52% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$50,980,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$47,440,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$39,650,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$35,065,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$34,815,000
Change: -13% · Conversion: Easy
RETAIL STORES
$32,315,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$37.08M
Range $33.37M – $40.79M · ±10%
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
$309 / 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
$461,855
Tax year 2023
Assessed value
$36,009,946
Assessed 2024
Previous assessed
$35,303,951
+2.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,544,946
Assessed improvement
$33,465,000
Applied tax rate
10.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
6
Total area
120,000 SF
Lot
1.63 ac (71,158 SF)
APN
75-47-62
UPID
US09-7989777
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 Current
Est. value
$39.8M
RESTAURANT
Est. value
$60.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$51.0M
MEDICAL BUILDING
Est. value
$47.4M
AUTO REPAIR, GARAGE
Est. value
$39.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$35.1M
COMMERCIAL (GENERAL)
Est. value
$34.8M
RETAIL STORES
Est. value
$32.3M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2017
Construction
STEEL FRAME
Heating
NONE
Stories
6
Buildings
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Sltc LLC
Entity
Mailing address
PO BOX 130667, CARLSBAD, CA 92013-0667
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2017
—
Sltc LLC
—
Grant Deed
related
$40,000,000 · City Nat'l Bk
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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