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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Industrial properties
2211 Warm Spgs Ct Fremont, CA 94539-6773
Trust Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8358612
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1984
Construction
TILT-UP CONCRETE
Total area
8,064 SF
Lot
0.98 ac (42,485 SF)
APN
519-1702-42-1
UPID
US09-8358612
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
by Request
CAP Approach
CAP
$1.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Freeman,richard B Living Trust · 9 yrs held
Freeman,richard B Living Trust
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.9M
+24.4%
Retail stores
$2.8M
+22.1%
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 Fremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fremont 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,150,000
6.5%
$1,985,000
7%
$1,840,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,295,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,855,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$2,805,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±10%
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
$213 / 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
$30,109
Tax year 2024
Assessed value
$2,573,255
Assessed 2024
Previous assessed
$2,573,255
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$696,923
Assessed improvement
$1,876,332
Applied tax rate
12.0000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
8,064 SF
Lot
0.98 ac (42,485 SF)
APN
519-1702-42-1
UPID
US09-8358612
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Freeman,richard B Living Trust
Trust
Mailing address
37177 FREMONT BLVD STE #110, FREMONT, CA 94536-3609
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
—
Salwan Rajneesh
—
Deed
related
$5,055,000 · Fremont Bank
Jan 23, 2017
—
Freeman,richard B Living Trust
Freeman,richard
Quit Claim Deed
related
$1,502,770 · Bank Of The West
Dec 15, 2009
—
Freeman Micah S Living Trust
Freeman,micah
Quit Claim Deed
related
—
Dec 13, 2001
—
Richard Freeman
Freeman Trust
Quit Claim Deed
related
—
Oct 19, 2000
$2,200,000
Freeman Trust
Bertsch Trust
Trustees Deed
$1,500,000 · Bank Of The West
Oct 19, 2000
—
Fernando Velasco
Velasco,socorro
Quit Claim Deed
related
—
Jun 22, 1999
—
Wyant Trust
Wyant,nina B
Quit Claim Deed
related
—
Jun 18, 1998
—
Wyant Trust
Wyant,james E
Quit Claim Deed
related
—
Oct 14, 1997
—
James E Wyant
Wyant Trust
Quit Claim Deed
related
—
Dec 22, 1993
$401,000
James Wyant
Richmond,richard
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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