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    7843 Railroad Ave Newark, CA 94560

    Sponsored
    For Sale
    $1,400,000

    6-Unit Potential, Large Lot, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18,750 sq ft lot in Newark, CA, presents a remarkable development opportunity. Zoned Residential Low Density (RL), the property is approved for six single-family homes, offering a compelling investment prospect. Alternatively, existing site plans allow for the construction of a six-townhome community. Located in Alameda County, at 7843 Railroad Ave, 94560, this large parcel is conveniently situated a short 12-minute drive from Meta Headquarters, providing easy access to major employers and amenities. The asking price is $1,400,000, translating to under $235,000 per potential unit. This makes it ideal for building to sell, creating rental income, or developing a family compound. The property's potential is further enhanced by its zoning, permitting up to 15 units per acre. Prospective buyers are advised to independently verify all zoning, building requirements, and restrictions with the City of Newark building department. This is a rare opportunity to acquire a substantial parcel in a desirable location with significant development potential.

    Property Features for 7843 Railroad Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Buildings
    2

    HighLights

    • $1,400,000 asking price.
    • Mixed‑use land zoned RL.
    • 18,750 sq ft lot.
    • Approved for six single‑family homes; option to develop six townhomes.
    • 12‑minute drive from Meta Headquarters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Alameda
    State
    California
    Longitude
    -122.043045
    Latitude
    37.526749

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    FAQs

    What type of property is this?
    Mixed-use property - 6-Unit Potential, Large Lot, Prime Location
    Where is this mixed-use property located?
    The property is located at 7843 Railroad Ave Newark, CA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: $1,400,000 asking price.; Mixed-use land zoned RL.; 18,750 sq ft lot.
    Request Owner's contact information
    7843 Railroad Ave Newark, CA 94560
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    Realmo Value Estimation

    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.

    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.

    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
    7843 Railroad Ave Newark, CA 94560
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