Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    42501 Albrae St Fremont, CA 94538
    Back to Search
    Property profile & analytics

    42501 Albrae St, Fremont, CA 94538

    View on Map
    • Life science properties
    • 30,024 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Discoverx Corporation / Factory / Production Facility

    Property Details for 42501 Albrae St

    Property type
    Life science properties
    Property subtype
    Office Spaces

    Description

    This exceptional Fremont, CA property at 42501 Albrae St, zip code 94538, offers 30,024 square feet of flexible commercial space, ideally suited for a variety of uses. The building is classified as both Office and Industrial, encompassing Medical Office, Creative Office, R&D, and Flex space subtypes. Currently, the entire 30,048 square feet is vacant and available for lease. The space is divisible down to a minimum of 15,024 square feet, with a maximum contiguous space of 15,024 square feet. The two-story building features ample parking with 1600 AMPS available, and includes elevators for convenient access. Located in the Fremont submarket, this property provides excellent access to major transportation routes and amenities. The high power capacity of 1600 AMPS caters to the needs of technology-intensive businesses. This versatile space presents a unique opportunity for businesses seeking a modern and functional workspace in a prime Fremont location. The property's adaptability makes it suitable for a range of tenants, from research and development firms to medical offices and creative agencies. Interested parties should inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fremont
    County
    Alameda
    State
    California
    Longitude
    -121.974
    Latitude
    37.5093

    Comparable in this City

    • Value Estimation by Request
      16,674 SF

      46601 Fremont Blvd

      Life science properties
      46601 Fremont Blvd, Fremont, CA 94538
      View Details
    • Value Estimation by Request
      15,112 SF

      5177 Brandin Ct

      Life science properties
      5177 Brandin Ct, Fremont, CA 94538
      View Details
    • Value Estimation by Request
      975 SF

      46560 Fremont Blvd

      Life science properties
      46560 Fremont Blvd, Fremont, CA 94538
      View Details
    • Value Estimation by Request
      67,359 SF

      47027 Benicia St

      Life science properties
      47027 Benicia St, Fremont, CA 94538
      View Details
    • Value Estimation by Request
      264,856 SF

      Fremont CA 6078/6082/6084/6086 Stevenson Blvd

      Restaurants
      Fremont CA 6078/6082/6084/6086 Stevenson Blvd, Fremont, CA 94538
      View Details
    • Value Estimation by Request
      10,090 SF

      39243 Liberty St

      Medical Office Space
      39243 Liberty St, Fremont, CA 94538
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,140 SF

      Fremont Condo Office Space

      Two-story condo office suitable for commercial, industrial, medical, retail.
      4400 Technology Dr, Fremont, CA 94538
      View Details
    • $1,688,888
      2,285 SF

      Fremont Medical Office Condo

      Prime 2,285 SF medical/office condo, ideal location.
      1895 Mowry Ave, , CA, Fremont, CA 94538
      View Details
    • Contact for pricing
      8,022 SF

      Fremont Flex/Industrial/Office Property For Sale

      Flex, industrial, and office property available for purchase in Fremont.
      44255 Old Warm Springs Blvd, Fremont, CA 94538
      View Details
    • $1,099,800

      Fremont Condo Office For Sale

      Two-story condo office suitable for various commercial uses.
      4400 Technology Dr, Fremont, CA 94538
      View Details
    • Contact for pricing
      31,871 SF

      Fremont R&D/Office Freestanding Building

      31,871 SF R&D/Office building with renovation planned.
      4268 Solar Way, Fremont, CA 94538
      View Details
    • $700,000

      Turn-Key Fremont Commercial Property

      Commercial property equipped for health and wellness professionals.
      46560 Fremont Blvd, Fremont, CA 94538
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      55,000 SF

      Fremont Bayside Flex Space Available

      Flexible space near I-880, I-680, and Warm Springs BART.
      3288 Fremont Blvd, Fremont, CA 94538
      View Details
    • Contact for pricing
      7,500 SF

      Fremont Flex Space Available

      Flex space in Fremont's Bayside area, available Q2 2024.
      3811 Spinnaker Ct, Fremont, CA 94538
      View Details
    • Contact for pricing

      Fremont Industrial Building Sublease

      Industrial building for sublease with office space in Fremont.
      45755 Northport Loop West, Fremont, CA 94538
      View Details
    • Contact for pricing

      Fremont Office/R&D/MFG Space Available

      Office, R&D, and manufacturing space available for lease now.
      41350 Christy St, Fremont, CA 94538
      View Details
    • Contact for pricing
      2,714 SF

      Fremont Flex/Office Space Available

      Multi-tenant flex/office campus with renovated interiors and great access.
      48860 Milmont Dr, Fremont, CA 94538
      View Details
    • Contact for pricing
      5,222 SF

      Fremont Flex Space Available

      Move-in ready office, R&D, and warehouse suites for lease.
      4040-4046 Clipper Ct, Fremont, CA 94538
      View Details
    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.
    42501 Albrae St
    Fremont, CA 94538
    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
    42501 Albrae St, 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!