For Sale
$4,099,000
585 Old Canyon Rd, Fremont, CA 94536
Commercial Sale, Fremont, CA
Property Size6,985 SF
Lot Size0.86 Acres
Price / SF$586.83
Days on Market8
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Property Features for 585 Old Canyon Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, Offsite, Guest
Subdivision
Niles Area
Lot features
Level, Premium Lot
Directions
Niles Canyon to Old Canyon
Standard status
Active
APN
50766012
Size
6,985 SF
Lot size
0.86 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1938
Number of units
16
Flooring type
Carpet
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
RE/MAX Accord · RE/MAX International
(925) 838-4100
Listed By:
Todd Carter · License #1235456
(925) 914-5844
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 15 at 3:06PM
MLS# 41150704
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,725
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,500
$2.5M
Cap Rate 7%
$1,781,786
$1.8M
Cap Rate 9%
$1,385,833
$1.4M
Market Conditions
NOI Build-Up for 6,985 SF
Gross rent
$237.2K $33.96/SF
− Vacancy
−$10.4K −$1.49/SF
EGI
$226.8K $32.47/SF
− OpEx
−$102.0K −$14.61/SF
NOI
$124.7K $17.86/SF
Area
Fremont, CA
Vacancy
4.40%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,500
Cap Rate 7%
$1,781,786
Cap Rate 9%
$1,385,833
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,725 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,657 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 94536, CA
73,172
Population
26,338
Households
2.8
Avg Household Size
38
Median Age
58%
College-Educated
93%
High-School Grad
14.1 sq mi
ZIP Area
5,190
Density / Sq Mi
$156,672
Median Household Income
$87,943
Median Earnings
$2,835
Median Rent
$1,210,200
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
Frequently Asked Questions
Where is this apartment building located?
The property is located at 585 Old Canyon Rd Fremont, CA.
What is the asking price?
The asking price for this property is $4,099,000.
