Three-Building Office and Retail
For Sale
Contact for pricing
43433 Mission Blvd, Fremont, CA 94539
Multi-tenant office and retail complex on a single parcel, zoned TC-P (HOD)(H)(I) across from Ohlone College.
Property Size13,029 SF
Price / SF$475.01
Days on Market130
Property Features for 43433 Mission Blvd
General Information
Standard status
Active
Size
13,029 SF
Property subtype
OFFICE
Zoning
TC-P (HOD)(H)(I)
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
The Ivy Group
(510) 213-8883
Listed By:
Tim Vi Tran
(408) 799-5290
Source:
Moodyscre
Added: May 11
Changed: Sep 8
Last Checked: Sep 16 at 2:24PM
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 The Ivy Group
Investment Insights
Based on property information with market context.
43433–43417 Mission Boulevard in Fremont, CA is a multi-tenant Old Mission Courtyard retail/office complex comprising three standalone buildings on a single parcel.
The property is positioned in the Mission District, directly across from Ohlone College. It offers strong exposure along Mission Boulevard with easy access to I-680 and I-880 and nearby major employment centers.
Zoned TC-P (HOD)(H)(I), Old Mission Courtyard supports a wide range of uses, including education, retail, medical, and professional office, providing flexibility for occupancy or future repositioning. The total property size is 13,029 SF.
The property is positioned in the Mission District, directly across from Ohlone College. It offers strong exposure along Mission Boulevard with easy access to I-680 and I-880 and nearby major employment centers.
Zoned TC-P (HOD)(H)(I), Old Mission Courtyard supports a wide range of uses, including education, retail, medical, and professional office, providing flexibility for occupancy or future repositioning. The total property size is 13,029 SF.
Key Highlights
- Three standalone buildings on a single parcel at 43433–43417 Mission Boulevard
- Old Mission Courtyard retail/office complex
- Zoned TC‑P (HOD)(H)(I) supporting education, retail, medical, and professional office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$476,634
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,532,680
$9.5M
Cap Rate 7%
$6,809,057
$6.8M
Cap Rate 9%
$5,295,933
$5.3M
Market Conditions
NOI Build-Up for 13,029 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$736.4K $56.52/SF
− Vacancy
−$100.9K −$7.74/SF
EGI
$635.5K $48.78/SF
− OpEx
−$158.9K −$12.19/SF
NOI
$476.6K $36.58/SF
Area
Fremont, CA
Vacancy
13.70%
Lease Rate
$56.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,532,680
Cap Rate 7%
$6,809,057
Cap Rate 9%
$5,295,933
Alternative Uses
Best Use
Office B
$6.81M
$5.96M – $7.94M
NOI $476,634 @ 7.0% cap · market cap 7.70%
Second Best
Retail
$2.21M
$1.94M – $2.58M
NOI $154,908 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$8.06M
$7.06M – $9.41M
NOI $564,540 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 94539, CA
54,026
Population
17,669
Households
3.1
Avg Household Size
42
Median Age
79%
College-Educated
96%
High-School Grad
25.1 sq mi
ZIP Area
2,152
Density / Sq Mi
$235,399
Median Household Income
$123,587
Median Earnings
$3,183
Median Rent
$1,878,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office and retail complex on a single parcel, zoned TC-P (HOD)(H)(I) across from Ohlone College.
Where is this office building located?
The property is located at 43433 Mission Blvd Fremont, CA.
What is the asking price?
The asking price for this property is $6,188,888.
What are key features of this property?
This property features: Three standalone buildings on a single parcel at 43433–43417 Mission Boulevard; Old Mission Courtyard retail/office complex; Zoned TC‑P (HOD)(H)(I) supporting education, retail, medical, and professional office
