Financial
Distress signals
Property profile

49000 Milmont Dr Fremont, CA 94538

FOR LEASE
Flex space
Property ID
US09-7412203
196,137 SF 13.63 ac lot Built 1987
Last sale May 2021 · $47,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 267,099 SF modern industrial warehouse delivered in 2025, designed for loading and distribution with 36’ clear ceiling heights and heavy electrical power suitable for demanding industrial operations. The facility is located at 49000 Milmont Dr in Fremont, California, within the Fremont advanced manufacturing area. The building is configured for contemporary industrial use and has a tenant occupancy history under a long-term NNN lease structure.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$572k
Tax billed · 2024
Assessed value$49.88M
Assessed land$21.22M
Assessed improvement$28.65M
Effective rate1.15%

Value estimate

· Sep 2026
$46.08M
$41.47M – $50.69M
CAP approach$48.22M
Sales comparison$63.16M
NOI build-up
Gross scheduled income$4.97M
Vacancy & credit loss−$219k
Operating expenses−$712k
NOI · 196,928,292.68% cap applied$4.04M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$286/SF
ZIP average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$173 – $403

Cap rate analysis

How does the asset earn?
196,928,292.68%
$4.04M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALAMEDA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm30.6
Realty agency22.0
Hair Salon19.8

Location

49000 Milmont Dr Fremont, CA 94538
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
47548 Kato, Fremont, CA 94538-7303 $43,010,000 Oct 2025 110,588 SF
4300 Cushing, Fremont, CA 94538-6438 $18,708,500 Sep 2023 113,000 SF
47151 Bayside, Fremont, CA 94538 $42,970,000 Aug 2023 100,728 SF
48350 Fremont, Fremont, CA 94538-6511 $86,550,000 Jul 2023 245,214 SF
46531 Fremont, Fremont, CA 94538-6409 $1,500,000 Nov 2022 108,082 SF
4211 Starboard, Fremont, CA 94538-6427 $32,000,000 Jul 2021 129,808 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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