Historic Hotel With
For Sale
$5,900,000
36990 Mission Blvd, Fremont, CA 94536
Multiple residential accommodations include a rooming-house configuration and three separate cottages.
Property Size10,729 SF
Price / SF$549.91
Days on Market49
Property Features for 36990 Mission Blvd
General Information
Standard status
Active
Size
10,729 SF
Property subtype
Investment
Building Details
Year Built
1915
Units
4
Listing Agency:
Jitu Choudhury, Broker
Listed By:
Jitu Choudhury · License #01998576
(408) 464-0804
Source:
Elliman
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 26 at 4:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jitu Choudhury, Broker
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Investment Insights
Based on property information with market context.
Built in 1915, the property comprises the historic Belvoir Hotel and three additional cottages across approximately 10,729 square feet. The hotel is arranged as a 20-room rooming house with a mix of private and shared bathrooms. Separate cottage accommodations include one two-bedroom cottage, one three-bedroom cottage, and one four-bedroom cottage.
The property is located at 36990 Mission Blvd in Fremont’s Niles District, along the hillside near Mission Boulevard. Walk Score is 53, Bike Score is 62, and Transit Score is 40, reflecting access to walking, biking, and public transportation options. The combination of multiple structures, varied residential layouts, and an established historic building creates a distinctive hospitality property profile.
The property is located at 36990 Mission Blvd in Fremont’s Niles District, along the hillside near Mission Boulevard. Walk Score is 53, Bike Score is 62, and Transit Score is 40, reflecting access to walking, biking, and public transportation options. The combination of multiple structures, varied residential layouts, and an established historic building creates a distinctive hospitality property profile.
Key Highlights
- 1915 construction with historic Belvoir Hotel structure
- Approximately 10,729 square feet across multiple residential structures
- 20‑room rooming house with private and shared bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,579
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,831,580
$3.8M
Cap Rate 7%
$2,736,843
$2.7M
Cap Rate 9%
$2,128,656
$2.1M
Market Conditions
NOI Build-Up for 10,729 SF
Gross rent
$364.4K $33.96/SF
− Vacancy
−$16.0K −$1.49/SF
EGI
$348.3K $32.47/SF
− OpEx
−$156.7K −$14.61/SF
NOI
$191.6K $17.86/SF
Area
Fremont, CA
Vacancy
4.40%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,831,580
Cap Rate 7%
$2,736,843
Cap Rate 9%
$2,128,656
Alternative Uses
Best Use
Apartment 5plus
$2.74M
$2.39M – $3.19M
NOI $191,579 @ 7.0% cap · market cap 3.25%
Second Best
Hotel Hospitality
$982.9K
$860.0K – $1.15M
NOI $68,800 @ 7.0% cap · market cap 1.17%
Theoretical Best
Office A
$6.64M
$5.81M – $7.75M
NOI $464,882 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
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Business Placement
Demographics for 94536, CA
73,172
Population
26,338
Households
2.8
Avg Household Size
38
Median Age
58%
College-Educated
93%
High-School Grad
14.1 sq mi
ZIP Area
5,190
Density / Sq Mi
$156,672
Median Household Income
$87,943
Median Earnings
$2,835
Median Rent
$1,210,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Multiple residential accommodations include a rooming-house configuration and three separate cottages.
Where is this hotel located?
The property is located at 36990 Mission Blvd Fremont, CA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 1915 construction with historic Belvoir Hotel structure; Approximately 10,729 square feet across multiple residential structures; 20‑room rooming house with private and shared bathrooms
