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Property profile & analytics
OFF-MARKET
Estimated value
$63,035,000
Warehouses
1200 Whipple Rd Union City, CA 94587-2026
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9322686
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Construction
TILT-UP CONCRETE
Total area
258,470 SF
Lot
11.64 ac (507,038 SF)
APN
475-121-14
UPID
US09-9322686
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fortinet Inc Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$60.68M
Comparable Approach
Comparable
$69.31M
Blend (final)
Blend
$63.04M
Owner & transaction history
Fortinet INC · 4 yrs held
Fortinet INC
since 2022
Last sale
$65.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$102.2M
+92.9%
Office building
$87.7M
+65.5%
Auto repair, garage
$83.2M
+57.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$53,865,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$65,735,000
6.5%
$60,680,000
7%
$56,345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$52,980,000
Current use
MEDICAL BUILDING
$102,185,000
Change: +93% · Conversion: Difficult
OFFICE BUILDING
$87,650,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$83,235,000
Change: +57% · Conversion: Easy
RETAIL STORES
$73,345,000
Change: +38% · Conversion: Moderate
COMMERCIAL (GENERAL)
$72,380,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$63.04M
Range $56.73M – $69.34M · ±10% · vs last sale $65.66M (Mar 1 2022)
Last sale anchor
$65.66M
Mar 1 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$244 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$857,667
Tax year 2024
Assessed value
$68,309,126
Assessed 2024
Previous assessed
$68,309,126
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$36,414,000
Assessed improvement
$31,895,126
Applied tax rate
15.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
258,470 SF
Lot
11.64 ac (507,038 SF)
APN
475-121-14
UPID
US09-9322686
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$53.0M
MEDICAL BUILDING
Est. value
$102.2M
OFFICE BUILDING
Est. value
$87.7M
AUTO REPAIR, GARAGE
Est. value
$83.2M
RETAIL STORES
Est. value
$73.3M
COMMERCIAL (GENERAL)
Est. value
$72.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
11.64 ac
Current owner
From public records · entity-resolved
Fortinet INC
Entity
Free & Clear · 4 yrs held
Mailing address
899 KIFER RD, SUNNYVALE, CA 94086-5205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
$65,657,000
Fortinet INC
Jcc California Properties LLC
Grant Deed
—
Dec 12, 2014
—
Jcc California Properties LLC
Jcc California Properties LLC
Quit Claim Deed
related
—
Feb 2, 2012
$935,455
Jcc California Properties LLC
Jcc 1200 Whipple Road LLC
Grant Deed
—
Dec 29, 2011
$18,018,000
Jcc California Props LLC
Prologis Institutional Allianc
Grant Deed
$11,983,818 · James Campbell Co LLC
Mar 11, 2002
—
Amb Institutional Alliance
—
Deed Of Trust
related
$25,730,000 · Reliastar Life Insurance Co
Jul 18, 2001
—
Institutional Alliance Fun Amb
Alecta Real Estate East Bay
Grant Deed
related
—
Nov 24, 1998
—
Spp Real Estate
Eml Associates
Grant Deed
related
—
Mar 17, 1988
—
Eml Associates
Linco
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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