Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    29536 Union City Blvd Union City, CA 94587
    Back to Search
    Property profile & analytics

    29536 Union City Blvd Union City, CA 94587

    View on Map
    • Industrial properties
    • 24,815 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATBC Medical Billing / Medical Billing Service
    • Clarke's Vending / Big Box & Wholesale Store

    Property Details for 29536 Union City Blvd

    Year built
    1990
    Property size
    24,815 SF
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This single-tenant flex space, located in Alameda County's Clocktower Commerce Center, offers 24,815 total square feet, with 1,208 square feet currently vacant. Built in 1990, this one-story building boasts an impressive 18-foot ceiling height, ideal for various industrial and light industrial uses. The property features convenient access to I-880, enhancing logistics and transportation. Loading is facilitated by dock-high and grade-level rear loading capabilities. The building is fully sprinklered for enhanced safety and security. Ample parking and attractive landscaping contribute to a positive work environment. The office spaces are air-conditioned, with a standard monthly HVAC fee. Warehouse areas are equipped with sealed floors, skylights, and fluorescent lighting, ensuring a well-lit and functional workspace. One drive-in door provides easy access for loading and unloading. This property presents a unique opportunity for businesses seeking a well-maintained and strategically located industrial space. The combination of modern amenities and convenient access makes this an attractive option for a variety of businesses. The vacant space provides immediate occupancy potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Alameda
    State
    California
    Longitude
    -122.082
    Latitude
    37.6073

    Comparable in this City

    • Value Estimation by Request
      353,794 SF

      32900 Alvarado-Niles Rd

      Life science properties • 353,794 SF
      32900 Alvarado-Niles Rd, Union City, CA 94587
      View Details
    • Value Estimation
      $2,070,000
      16,296 SF

      1388 Atlantic St

      LIGHT INDUSTRIAL • 16,296 SF
      1388 Atlantic St, Union City, CA 94587-2004
      View Details
    • Value Estimation
      $4,835,000
      49,539 SF

      33210 Transit Ave

      LIGHT INDUSTRIAL • 49,539 SF
      33210 Transit Ave, Union City, CA 94587-2035
      View Details
    • Value Estimation
      $19,580,000
      202,440 SF

      1570 Atlantic St

      LIGHT INDUSTRIAL • 202,440 SF
      1570 Atlantic St, Union City, CA 94587-2006
      View Details
    • Value Estimation
      $4,080,000
      32,720 SF

      33170 Central Ave

      LIGHT INDUSTRIAL • 32,720 SF
      33170 Central Ave, Union City, CA 94587-2042
      View Details
    • Value Estimation by Request
      4,800 SF

      4000 Tara Ct

      LIGHT INDUSTRIAL • 4,800 SF
      4000 Tara Ct, Union City, CA 94587-1504
      View Details

    Similar Nearby for Sale

    • $950,000
      2,863 SF

      Union City Office/Warehouse Condo

      Versatile two-story condo with office and warehouse space.
      29300 Kohoutek Way, Union City, CA 94587
      View Details
    • Contact for pricing
      50,000 SF

      Union City Multi-Tenant Warehouse

      50,000 SF multi-tenant warehouse with freeway access.
      30540 Union City Blvd, Union City, CA 94587
      View Details
    • $950,000

      Union City Office/Warehouse Condo

      Versatile two-story condo with warehouse and office space.
      29300 Kohoutek Way, Union City, CA 94587
      View Details
    • Contact for pricing
      60,648 SF

      Union City Industrial Property

      Industrial property in Union City with secured yard.
      4700 Horner St, Union City, CA 94587
      View Details
    • Contact for pricing
      18,528 SF

      Union City Industrial Building For Sale

      18,528 SF building on 1.74 acres in Union City.
      33439 Western Ave, Union City, CA 94587
      View Details
    • Contact for pricing
      51,934 SF

      Union City Warehouse Space Available

      Warehouse space featuring truck staging, dock doors, and ample power.
      34343 Zwissig Way, Union City, CA 94587
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,714 SF

      Union City Business Park Space

      Premier business park with office, flex, and industrial spaces.
      32960 Alvarado Niles Rd, Union City, CA 94587
      View Details
    • Contact for pricing
      1,251 SF

      Union City Flex Space Available

      Flex space with easy access and loading docks for rent.
      29410-29552 Union City Blvd, Union City, CA 94587
      View Details
    • Contact for pricing
      1,313 SF

      Union City Flex Space Available

      Flex space with easy access and ample parking.
      29536 Union City Blvd, Union City, CA 94587
      View Details
    • $1.60 SF/Yr
      1,000 SF

      Flex Space with Roll-Up Door

      Flex space available for rent in multi-tenant building.
      33476 Alvarado Niles Rd, Union City, CA 94587
      View Details
    • Contact for pricing
      6,899 SF

      Union City Flex Space Available

      Premier flex space in well-maintained Union City business park.
      32960 Alvarado Niles Rd, Union City, CA 94587
      View Details
    • Contact for pricing

      Warehouse with Fenced Yard

      18,900 SF warehouse with 3,000 SF office and large yard.
      30311 Union City Blvd, Union City, CA 94587
      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.
    29536 Union City Blvd
    Union City, CA 94587
    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
    29536 Union City Blvd, Union City, CA, 94587
    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!