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Property profile & analytics
OFF-MARKET
Estimated value
$445,000
Medical Office Space
2299 Mowry Ave Ste 3a Fremont, CA 94538-1621
Trust Owned
10-yr Hold
Free & Clear
Property ID
US09-8196163
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
2,534 SF
Lot
0.09 ac (4,025 SF)
APN
501-1536-83
UPID
US09-8196163
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
-
Latha Vrittamani, MD - Stanford Children's Health Pediatrician Medical Clinic
-
Vrittamani Latha B MD Pediatrician Medical Clinic
-
Bayside Medical Group Fremont Medical Clinic
-
Women's Health Specialists Physician
-
Childbirth Ed & OP Lactation Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$445k
Owner & transaction history
Song Family 2002 Trust · 10 yrs held
Song Family 2002 Trust
since 2015
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 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$445k
Range $401k – $490k · ±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
$176 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,616
Tax year 2023
Assessed value
$1,201,780
Assessed 2024
Previous assessed
$1,178,220
+2.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$300,445
Assessed improvement
$901,335
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
1
Stories
3
Units
1
Total area
2,534 SF
Lot
0.09 ac (4,025 SF)
APN
501-1536-83
UPID
US09-8196163
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
Building & site characteristics
From public records
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Buildings
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Song Family 2002 Trust
Trust
Free & Clear · 10 yrs held
Mailing address
3382 BELMONT TER, FREMONT, CA 94539-8348
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2024
—
James J Song
—
Deed
related
$556,075 · Citibank NA
Nov 4, 2015
—
Song Family 2002 Trust
Song,james J
Quit Claim Deed
related
—
Nov 19, 2013
$1,000,000
James J Song
Gene M Barrie
Grant Deed
$750,000 · Citibank NA
Sep 19, 2007
—
Barrie Family Trust
Barrie,gene M & Barbara
Quit Claim Deed
—
Jun 6, 1986
$369,500
Gene M Barrie
Peralta Development Corp
Grant Deed
$200,000
—
—
Gene M Barrie
—
Deed Of Trust
related
$181,000 · Fremont Bank
—
—
Barrie Gene M
—
Deed Of Trust
related
$135,000 · Commercial Bank Of Korea Ltd
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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