Thanks for the replies, however, as far as I understand, the realtime database itself can't be emulated locally (which would be a local server, local address, emulating the realtime database locally)
Coming from App Engine, this was a huge bummer, as you can replace almost all of App Engine's services locally
I assumed it was already available, spent 1-2 days seeking how it could be done, only to painfully discover it's not there