16-Unit Apartment
New
For Sale
$4,850,000
5464 Saint Mark AVE, Newark, CA 94560
Plans and approved permits are in place for four additional ADUs.
Property Size11,600 SF
Lot Size0.57 Acres
Price / SF$418.10
Days on Market3
Property Features for 5464 Saint Mark AVE
General Information
Standard status
Active
Size
11,600 SF
Lot size
0.57 Acres
Property subtype
FiveOrMoreUnits
Units
Unit Mix
16 x 2BR/1BA
Multifamily Units
16
Additional Details
Highway Access
Yes
Amenities
dual-pane windows
individual water meters
Building Details
Building Size
11,600 SF
Year Built
1960
Listing Agency:
Magnify Real Estate
Listed By:
David Katz · License #01971921
(408) 438-0585
Source:
Lynnnorth
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 2:28PM
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 Magnify Real Estate
Investment Insights
Based on property information with market context.
Built in 1960, this 16-unit apartment property has 11,600 square feet on a 0.57-acre parcel. Each residence has two bedrooms and one bathroom. Existing features include dual-pane windows and individual water meters. Plans and approved permits cover construction of four ADUs.
The property is in Newark, adjacent to Fremont. Downtown Fremont is approximately 10 minutes away, and the Tesla Factory is about 15 minutes away. Access to the I-84/Dumbarton Bridge and I-880 is available nearby.
The property is in Newark, adjacent to Fremont. Downtown Fremont is approximately 10 minutes away, and the Tesla Factory is about 15 minutes away. Access to the I-84/Dumbarton Bridge and I-880 is available nearby.
Key Highlights
- 16 apartments, each with two bedrooms and one bathroom
- 11,600 square feet on a 0.57‑acre parcel
- Plans and approved permits for four ADUs
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
$168,038
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
3.46%
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%
$3,360,760
$3.4M
Cap Rate 7%
$2,400,543
$2.4M
Cap Rate 9%
$1,867,089
$1.9M
Market Conditions
NOI Build-Up for 11,600 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
$324.3K $27.96/SF
− Vacancy
−$18.8K −$1.62/SF
EGI
$305.5K $26.34/SF
− OpEx
−$137.5K −$11.85/SF
NOI
$168.0K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
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%
$3,360,760
Cap Rate 7%
$2,400,543
Cap Rate 9%
$1,867,089
Alternative Uses
Best Use
Apartment 5plus
$2.40M
$2.10M – $2.80M
NOI $168,038 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$52.88M
$46.27M – $61.70M
NOI $3,701,867 @ 7.0% cap · market cap 76.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Explore this area
Business Placement
Demographics for 94560, CA
47,533
Population
15,897
Households
3
Avg Household Size
37
Median Age
47%
College-Educated
90%
High-School Grad
20.1 sq mi
ZIP Area
2,365
Density / Sq Mi
$164,909
Median Household Income
$73,859
Median Earnings
$2,730
Median Rent
$1,094,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Plans and approved permits are in place for four additional ADUs.
Where is this apartment building located?
The property is located at 5464 Saint Mark AVE Newark, CA.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: 16 apartments, each with two bedrooms and one bathroom; 11,600 square feet on a 0.57‑acre parcel; Plans and approved permits for four ADUs
