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Property profile & analytics
OFF-MARKET
Estimated value
$11,375,000
Warehouses
1285 Atlantic St, Union City, CA 94587-2002
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8646547
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1966
Construction
TYPE NOT SPECIFIED
Total area
90,704 SF
Lot
4.62 ac (201,160 SF)
APN
475-70-14
UPID
US09-8646547
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.38M
Owner & transaction history
Fortinet INC · 5 yrs held
Fortinet INC
since 2021
Last sale
$12.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$11,150,000
ML approach
$9,495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,590,000
Current use
Blend value · Realmo final
$11.38M
Range $10.24M – $12.51M · ±10% · vs last sale $12.43M (Feb 1 2021)
Last sale anchor
$12.43M
Feb 1 2021
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
$125 / 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
$171,134
Tax year 2024
Assessed value
$13,298,560
Assessed 2024
Previous assessed
$13,298,560
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$9,550,800
Assessed improvement
$3,747,760
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
1966
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Units
1
Bathrooms
2
Total area
90,704 SF
Lot
4.62 ac (201,160 SF)
APN
475-70-14
UPID
US09-8646547
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
$18.6M
WAREHOUSE, STORAGE Current
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
1966
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Units
1
Bathrooms
2
Lot
4.62 ac
Current owner
From public records · entity-resolved
Fortinet INC
Entity
Mailing address
899 KIFER RD, SUNNYVALE, CA 94086-5205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2021
$12,425,000
Fortinet INC
Novaera Development Group LLC
Grant Deed
—
Jan 27, 2020
—
Novaera Development Group LLC
—
Deed
related
$4,500,000 · Cogent Bank
May 10, 2019
—
Novaera Development Group LLC
—
Deed
related
$500,000 · Ctbc Bank Corp USA
Sep 24, 2018
—
Novaera Development Group LLC
—
Deed
related
$5,000,000 · Ctbc Bank Corp USA
Sep 16, 2013
$4,050,000
Novaera Dev Group LLC
B & C Ents LLC
Grant Deed
$2,321,799 · Bank Of America
Nov 17, 2005
—
B & C Ents LLC
B & C Ents
Quit Claim Deed
—
Sep 5, 2003
$3,250,000
B & C Enterprises
Rylock Co Ltd
Grant Deed
$1,662,000 · Comerica Bank
—
—
B & C Ents LLC
—
Deed Of Trust
related
$520,000 · United American Bank
—
—
Novaera Dev Group LLC
—
Deed Of Trust
related
$1,855,000 · Mortgage Cap Dev
—
—
Rylock Company Ltd
—
Deed Of Trust
related
$2,250,000 · Bank Of Stockton
Oct 6, 1965
—
Rylock Company Ltd
—
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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