Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fremont Warehouse with ESFR System Title is generated by Realmo AI

    48374 Milmont Drive, Fremont, CA 94538

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial/warehouse space with ESFR system and I-880 access.

    Type:Industrial
    Added:
    Jan 27, 2026
    Days on Market:
    119
    Last Refresh:
    Apr 5 at 11:32 pm

    Property Features for 48374 Milmont Drive

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 48374 Milmont Drive Contact us

    We can help!

    Listing Contact
    Curtis Stahle
    Curtis Stahle

    Listing agent Curtis Stahle License #ER100068088

    Listing office Alpine West Properties LLC

    Listing date Jan 27, 2026

    Source Nmrk

    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 Alpine West Properties LLC

    HighLights

    • Rare ESFR Industrial/Warehouse Space, available now.
    • South Fremont Location.
    • Direct Access to I‑880.

    Overview

    This industrial/warehouse space is located in South Fremont and offers direct access to I-880. The property features a rare ESFR (Early Suppression Fast Response) fire suppression system and is available now.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • IN Self Storage - Milpitas — 15 Dixon Landing Rd, Milpitas, CA 95035
    • Mule Box — 300 Whitney Pl, Fremont, CA 94539
    • ​Preferred Storage Unit — 48834 kato rd, fremont, ca 94538
    • ​Preferred Self Storage Unit — 48834 Kato Rd, Fremont, CA 94538
    • S & M Moving and Logistics — 48551 Warm Springs Blvd, Fremont, CA 94539

    Location Insight

    • Map
    • Local Demand
    City
    Fremont
    County
    Alameda
    State
    California
    Longitude
    -121.923
    Latitude
    37.4688

    Nearby Similar for Lease

    • $3,000/Mo

      Commercial Condo in Fremont, CA

      Commercial condo with low overhead and built-in customer base.
      44848 S Grimmer Blvd, Fremont, CA 94538
      View Details
    • $2,800/Mo
      9,652 SF

      Fremont Retail Space Available

      Retail space for rent in Fremont, California.
      37312 Niles Blvd., Fremont, CA 94536
      View Details
    • $1.95 SF/Yr
      13,597 SF

      Fremont Bayside Flex Space

      Flex space in Fremont's Bayside area, near major transportation.
      47913-47929 Fremont Boulevard, Fremont, CA, 94538
      View Details
    • $1.75 SF/Yr
      16,756 SF

      Fremont Flex Space Available

      Flex space featuring office, lab, and warehouse areas for lease.
      448 Kato Terrace, Fremont, CA, 94539
      View Details
    • $1.75 SF/Yr
      4,736 SF

      Fremont Flex Condo For Lease

      4,736 SF flex condo with flexible office layout available 8/1/2026.
      4161 Business Center Dr, Fremont, CA 94538
      View Details
    • $2 SF/Yr
      5,587 SF

      Fremont Flex Space Available

      Move-in ready office, R&D, and warehouse suites in Fremont.
      4032-4038 Clipper Ct, Fremont, CA
      View Details
    • $2 SF/Yr
      2,739 SF

      Neighborhood Shopping Center Space Available

      Retail space in a neighborhood shopping center with ample parking.
      39933-39947 Mission Blvd, Fremont, CA 94539
      View Details
    • $2,100/Mo
      2,100 SF

      Fremont Flex Space For Rent

      Multi-tenant building with office and warehouse space available for lease.
      45278 Industrial Dr, Fremont, CA 94538
      View Details
    • $27 SF/Yr
      39,000 SF

      Fremont Retail Space Available

      Retail space available for lease in Fremont, California.
      3155 Kearney St., Fremont, CA 94538
      View Details
    • $2,100/Mo
      2,100 SF

      Fremont Flex Space For Rent

      Multi-tenant building with office and warehouse space available for lease.
      45264 Industrial Dr, Fremont, CA 94538
      View Details
    • $1.41 SF/Yr
      2,562 SF

      Fremont Office Space Available

      Corner office suite with flexible lease terms and amenities.
      42808 Christy St, Fremont, CA
      View Details
    • $938/Mo
      938 SF

      Fremont Office Space Available Now

      Office space available for rent immediately in Fremont, California.
      4396 Enterprise Pl, Suite I, Fremont, CA 94538
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial/warehouse space with ESFR system and I-880 access.
    Where is this warehouse located?
    The property is located at 48374 Milmont Drive Fremont, CA.
    What are key features of this property?
    This property features: Rare ESFR Industrial/Warehouse Space, available now.; South Fremont Location.; Direct Access to I‑880.
    (510) 300-0222
    We can help!
    Listing Contact
    Curtis Stahle
    Curtis Stahle
    Real Estate License ID: ER100068088
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    48374 Milmont Drive, Fremont, CA 94538
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!