Retail
For Sale
Contact for pricing
44848 S Grimmer BLVD, Fremont, CA 94538
The commercial unit is described as suitable for a range of retail and service applications.
Property Size1,284 SF
Price / SF$2.34
Days on Market237
Property Features for 44848 S Grimmer BLVD
General Information
Standard status
Active
Size
1,284 SF
Building Details
Year Built
1982
Listing Agency:
Compass
Listed By:
Guy Giuffre · License #01393931
(831) 566-5430
Source:
Giuffreproperties
Added: Mar 6
Changed: Oct 28
Last Checked: Oct 28 at 4:49PM
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 Compass
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Investment Insights
Based on property information with market context.
This retail commercial condominium contains 1,284 square feet and was built in 1982. The property information describes zoning that allows a variety of uses, without specifying a zoning designation. Potential applications cited include convenience retail, coffee, water purification, and medical or dental services; prospective users should confirm proposed plans with the City of Fremont.
The unit is surrounded by residential development, placing it within a residential setting. No additional building or site features are specified.
The unit is surrounded by residential development, placing it within a residential setting. No additional building or site features are specified.
Key Highlights
- 1,284‑square‑foot retail condominium
- Built in 1982
- Zoning allows a variety of uses; confirm proposed plans with the City of Fremont
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,266
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,320
$305.3K
Cap Rate 7%
$218,086
$218.1K
Cap Rate 9%
$169,622
$169.6K
Market Conditions
NOI Build-Up for 1,284 SF
Gross rent
$23.7K $18.48/SF
− Vacancy
−$1.9K −$1.50/SF
EGI
$21.8K $16.98/SF
− OpEx
−$6.5K −$5.10/SF
NOI
$15.3K $11.89/SF
Area
Fremont, CA
Vacancy
8.09%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,320
Cap Rate 7%
$218,086
Cap Rate 9%
$169,622
Alternative Uses
Best Use
Office B
$671.0K
$587.2K – $782.9K
NOI $46,972 @ 7.0% cap · market cap 1,565.73%
Second Best
Healthcare Medical
$267.3K
$233.9K – $311.9K
NOI $18,711 @ 7.0% cap · market cap 623.70%
Theoretical Best
Office A
$794.8K
$695.4K – $927.3K
NOI $55,635 @ 7.0% cap · market cap 1,854.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
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Business Placement
Demographics for 94538, CA
66,424
Population
24,429
Households
2.7
Avg Household Size
36
Median Age
53%
College-Educated
90%
High-School Grad
16.5 sq mi
ZIP Area
4,026
Density / Sq Mi
$144,451
Median Household Income
$76,827
Median Earnings
$2,860
Median Rent
$1,104,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - The commercial unit is described as suitable for a range of retail and service applications.
Where is this retail space located?
The property is located at 44848 S Grimmer BLVD Fremont, CA.
What are key features of this property?
This property features: 1,284‑square‑foot retail condominium; Built in 1982; Zoning allows a variety of uses; confirm proposed plans with the City of Fremont
