Mixed-Use Building with
New
For Sale
$3,500,000
37501 Niles Blvd, Fremont, CA 94536
COMM RI MULTI-UNITS 5+, Fremont, CA
Property Size9,306 SF
Lot Size0.17 Acres
Price / SF$376.10
Days on Market4
Property Features for 37501 Niles Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Offsite
Interior features
Updated Kitchen
Appliances
Dryer, Washer
Subdivision
NILES BLVD.
Lot features
Level, Premium Lot, Rectangular Lot, Paved, Street Light(s)
View
Hills, City
Standard status
Active
APN
5072951
Size
9,306 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
solar array
Building Details
Year built
1906
Flooring type
Wood, Hardwood, Carpet
Building materials
Metal, Wood Siding
Listing Agency:
KW Advisors East Bay · Keller Williams Realty
(510) 775-1079
Listed By:
Gaylen Roberts · License #01885597
(510) 761-9536
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 11 at 6:06PM
MLS# 41150738
Copyright © 2026 bridgeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 9,306-square-foot mixed-use property combines ground-floor commercial space with 10 residential apartments above. The building dates to 1906 and occupies a 0.1722-acre parcel. Thyme for Tea & Co. operates the café on the ground floor. Building improvements include seismic retrofitting, and an owned, operating solar array serves the property.
Located at 37501 Niles Blvd in Fremont’s Niles District, the property is less than 3 miles from the Fremont BART Station. Public water and sewer serve the building.
Located at 37501 Niles Blvd in Fremont’s Niles District, the property is less than 3 miles from the Fremont BART Station. Public water and sewer serve the building.
Key Highlights
- 10 residential units above ground‑floor commercial space
- 9,306‑square‑foot building on a 0.1722‑acre parcel
- Thyme for Tea & Co. occupies the ground‑floor café space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,169
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,323,380
$3.3M
Cap Rate 7%
$2,373,843
$2.4M
Cap Rate 9%
$1,846,322
$1.8M
Market Conditions
NOI Build-Up for 9,306 SF
Gross rent
$316.0K $33.96/SF
− Vacancy
−$13.9K −$1.49/SF
EGI
$302.1K $32.47/SF
− OpEx
−$136.0K −$14.61/SF
NOI
$166.2K $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%
$3,323,380
Cap Rate 7%
$2,373,843
Cap Rate 9%
$1,846,322
Alternative Uses
Best Use
Apartment 5plus
$2.37M
$2.08M – $2.77M
NOI $166,169 @ 7.0% cap · market cap 4.75%
Second Best
Mixed Use
$1.83M
$1.61M – $2.14M
NOI $128,423 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$5.76M
$5.04M – $6.72M
NOI $403,224 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor café space is paired with 10 residential units in a single property.
Where is this mixed-use property located?
The property is located at 37501 Niles Blvd Fremont, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 10 residential units above ground‑floor commercial space; 9,306‑square‑foot building on a 0.1722‑acre parcel; Thyme for Tea & Co. occupies the ground‑floor café space
