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Property profile & analytics
OFF-MARKET
Estimated value
$10,210,000
Flex space
2801 Whipple Rd Union City, CA 94587-1233
Individually Owned
21-yr Hold
Free & Clear
Property ID
US09-6665849
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
TILT-UP CONCRETE
Total area
76,792 SF
Lot
5.64 ac (245,678 SF)
APN
463-45-26
UPID
US09-6665849
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
-
Mind Masters Gym & Fitness Center
-
Dragon's Den Kajukenbo Club Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.21M
Owner & transaction history
Ins Teachers · 21 yrs held
Ins Teachers
since 2004
4 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,320,000
6.5%
$14,140,000
7%
$13,130,000
Blend value · Realmo final
$10.21M
Range $9.19M – $11.23M · ±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
$133 / 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
$205,282
Tax year 2024
Assessed value
$14,949,010
Assessed 2024
Previous assessed
$14,949,010
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$3,347,827
Assessed improvement
$11,601,183
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
4
Total area
76,792 SF
Lot
5.64 ac (245,678 SF)
APN
463-45-26
UPID
US09-6665849
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
4
Lot
5.64 ac
Current owner
From public records · entity-resolved
Ins Teachers
Individual
Free & Clear · 21 yrs held
Mailing address
PO BOX 30428, CHARLOTTE, NC 28230-0428
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2004
—
Ins Teachers
Rreef America Reit Corp T
Grant Deed
related
—
Sep 30, 1997
—
Rreef America Reit Corp T
Sammis Pca Partners
Grant Deed
related
—
Oct 4, 1991
—
Weyerhaeuser Mtg
City Of Union Ci
Quit Claim Deed
related
—
Oct 1, 1991
—
Sammis Pca Partn
Weyerhaeuser Mtg
Grant Deed
$1,850,000 · Weyerhaeuser Mortgage Co
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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