Fremont Commercial Property For
For Sale
$700,000
46560 Fremont Boulevard #412, Fremont, CA 94538
Turn-key commercial property equipped for health and wellness professionals.
Property Size1,252 SF
Price / SF$559.11
Days on Market181
Property Features for 46560 Fremont Boulevard #412
General Information
Standard status
Active
Size
1,252 SF
Property subtype
Commercial
Amenities
Central air
Common Garage
Central Air Cooling
Central Forced Air Heating
Flashing Warnings
Lower Light Switches
Shingle Roof
Wheelchair Access
Building Details
Year Built
1989
Listing Agency:
BRG REALTY
(408) 558-3600
Listed By:
JANE FLETCHER · License #01503236
Source:
Corcoran
Added: Feb 8
Changed: Aug 8
Last Checked: Apr 5 at 9:10PM
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 BRG REALTY
Investment Insights
Based on property information with market context.
This commercial property, previously operated as a chiropractor's office, presents an opportunity for ownership. The 1252-square-foot space is equipped with chiropractic furnishings and features 4 private treatment rooms. Additionally, there are 2 versatile rooms suitable for office, storage, or specialty use. This well-maintained space is suitable for chiropractors or other health and wellness professionals looking for a ready-to-operate location.
Key Highlights
- Turn‑key commercial property ready for immediate operation.
- Equipped with chiropractic furnishings.
- Includes 4 private treatment rooms.
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
$45,801
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
6.54%
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%
$916,020
$916.0K
Cap Rate 7%
$654,300
$654.3K
Cap Rate 9%
$508,900
$508.9K
Market Conditions
NOI Build-Up for 1,252 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
$70.8K $56.52/SF
− Vacancy
−$9.7K −$7.74/SF
EGI
$61.1K $48.78/SF
− OpEx
−$15.3K −$12.19/SF
NOI
$45.8K $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%
$916,020
Cap Rate 7%
$654,300
Cap Rate 9%
$508,900
Alternative Uses
Best Use
Office B
$654.3K
$572.5K – $763.4K
NOI $45,801 @ 7.0% cap · market cap 6.54%
Second Best
Healthcare Medical
$260.6K
$228.1K – $304.1K
NOI $18,245 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$775.0K
$678.1K – $904.2K
NOI $54,249 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turn-key commercial property equipped for health and wellness professionals.
Where is this medical office space located?
The property is located at 46560 Fremont Boulevard #412 Fremont, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Turn‑key commercial property ready for immediate operation.; Equipped with chiropractic furnishings.; Includes 4 private treatment rooms.
