Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    37396-37400 Niles Blvd Fremont, CA 94536

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Redevelopment opportunity in historic Downtown Niles, Fremont.

    We can help!

    Listing Contact
    Fernando Cuebas
    Fernando Cuebas
    Source: Corfac

    Listing Agent: Fernando Cuebas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Redevelopment Site in Downtown Niles

    This redevelopment site, encompassing approximately 2,550 square feet, is located in Downtown Niles, one of the five districts of Fremont. Originally constructed in 1924, the site presents a redevelopment or renovation opportunity. Architectural drawings are available for a future structure, with a design previously purposed for a restaurant. The design includes an estimated 860 square feet of patio space. The property is situated adjacent to the historic Niles Train Depot and across from the Essanay Film Museum, offering views of the Vargas Plateau and the hills of the Dry Creek Pioneer Park.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fremont
    County
    Alameda
    State
    California
    Longitude
    -121.979776
    Latitude
    37.577198

    Nearby Similar for Sale

    • $649,900
      1,441 SF

      Fremont Office/Flex Space Available

      Turn-key office/flex space in Fremont's Warm Springs Innovation District.
      943 Corporate Way, Fremont, CA 94539
      View Details
    • $1,299,000
      1,035 SF

      Remodeled Cottage in Niles District

      Charming, remodeled 3-bedroom home in desirable Niles District.
      38016 Vallejo St, Fremont, CA 94536
      View Details
    • $1,688,888
      2,285 SF

      Dental Space in Fremont, CA

      Dental space for sale near Fremont BART and Kaiser.
      1895 Mowry Ave, Fremont, CA 94538
      View Details
    • Contact for pricing
      1,284 SF

      Fremont Flexible Commercial Space

      Adaptable 1,300 sq ft space near I-880 & I-680.
      44848 S Grimmer Blvd, Fremont, CA 94538
      View Details
    • Contact for pricing
      2,550 SF

      Redevelopment Site in Downtown Niles

      Redevelopment opportunity in Downtown Niles near historic landmarks.
      37396-37400 Niles Blvd, Fremont, CA 94536
      View Details
    • Contact for pricing
      10,000 SF

      Mixed-Use Retail/Medical/Office Building

      Mixed-use building suitable for retail, medical, or office tenants.
      3780 Bonde Way, Fremont, CA 94536
      View Details
    • Contact for pricing
      20,027 SF

      Fremont Redevelopment Opportunity

      20,027 SF property suitable for redevelopment or private school.
      38891 Mission Blvd, Fremont, CA 94536
      View Details
    • Contact for pricing
      3,007 SF

      Fremont Warehouse in Bayside Park

      Warehouse in Class A Bayside Business Park with I-880 exposure.
      47665 Lakeview Blvd, Fremont, CA 94538
      View Details
    • Contact for pricing
      2,912 SF

      Fremont Industrial Property Near I-880

      Industrial property available in Fremont, close to I-880.
      2734 Bayview Dr, Fremont, CA 94538
      View Details
    • Contact for pricing
      2,912 SF

      Fremont Light Industrial Corner Unit

      2,912± SF light industrial/R&D space with mezzanine and parking.
      2720-2734 Bayview Dr, Fremont, CA 94538
      View Details
    • $1,650,000
      4,176 SF

      Fremont Flex Space For Sale

      Flex space with convenient access to freeways and public transportation.
      4416-4468 Technology Dr, Fremont, CA 94538
      View Details
    • Contact for pricing
      7,150 SF

      Fremont Flex Space Available

      Flex space available in Warm Springs Business Park.
      44255 Old Warm Springs Blvd, Fremont, CA 94538
      View Details

    FAQs

    What type of property is this?
    Commercial land - Redevelopment opportunity in historic Downtown Niles, Fremont.
    Where is this commercial land located?
    The property is located at 37396-37400 Niles Blvd Fremont, CA.
    What are key features of this property?
    This property features: - ±2,550 SF Redevelopment Opportunity in Downtown Niles; - Adjacent to the historic Niles Train Depot; - Across from the Essanay Film Museum
    (510) 468-3189
    Request Owner's contact information
    37396-37400 Niles Blvd Fremont, CA 94536
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    37396-37400 Niles Blvd
    Fremont, CA 94536
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    37396-37400 Niles Blvd Fremont, CA 94536
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Fernando Cuebas
    Fernando Cuebas
    Real Estate License ID: 01168597
    (510) 468-3189 (925) 296-3300 (925) 296-3315
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!