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Property profile & analytics
OFF-MARKET
Estimated value
$6,700,000
Warehouses
29555 Kohoutek Way Union City, CA 94587-1224
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-8426444
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
TILT-UP CONCRETE
Total area
20,000 SF
Lot
1.95 ac (85,135 SF)
APN
463-45-58
UPID
US09-8426444
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
-
Iron Mountain Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.70M
CAP Approach
CAP
$4.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.70M
Owner & transaction history
Hongene Biotech Corporation · 2 yrs held
Hongene Biotech Corporation
since 2024
Last sale
$6.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.1M
+145.6%
Neighborhood: shopping center
$8.5M
+107.3%
Medical building
$7.9M
+92.9%
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
$6,700,000
ML approach
$6,700,000
CAP Approach
CAP Return
Estimation
6%
$5,085,000
6.5%
$4,695,000
7%
$4,360,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,100,000
Current use
RESTAURANT
$10,070,000
Change: +146% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,495,000
Change: +107% · Conversion: Moderate
MEDICAL BUILDING
$7,905,000
Change: +93% · Conversion: Difficult
OFFICE BUILDING
$6,780,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,440,000
Change: +57% · Conversion: Easy
RETAIL STORES
$5,675,000
Change: +38% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,600,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$6.70M
Range $6.03M – $7.37M · ±10% · vs last sale $6.70M (Jul 25 2024)
Last sale anchor
$6.70M
Jul 25 2024
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
$335 / 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
$29,407
Tax year 2024
Assessed value
$2,092,806
Assessed 2024
Previous assessed
$2,092,806
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$553,164
Assessed improvement
$1,539,642
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Bathrooms
2
Total area
20,000 SF
Lot
1.95 ac (85,135 SF)
APN
463-45-58
UPID
US09-8426444
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
$4.1M
RESTAURANT
Est. value
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$7.9M
OFFICE BUILDING
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$6.4M
RETAIL STORES
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.6M
WAREHOUSE, STORAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Bathrooms
2
Lot
1.95 ac
Current owner
From public records · entity-resolved
Hongene Biotech Corporation
Entity
Free & Clear · 2 yrs held
Mailing address
29520 W KOHOUTEK WAY, UNION CITY, CA 94587-1221
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2024
$3,350,000
Hongene Biotech Corporation
Kumiva Group LLC
Grant Deed
—
Jul 25, 2024
$6,700,000
Hongene Biotech Corporation
Kumiva Group LLC
Grant Deed
—
Mar 28, 2008
—
Kumiva Group LLC
Ati Services LLC
Grant Deed
—
May 20, 2005
—
Ati Services LLC
Ati Systems International INC
Quit Claim Deed
—
Apr 4, 1996
—
Ati Systems International INC
Armored Transport INC
Grant Deed
$1,000,000 · Metlife Capital Financial Corp
Apr 21, 1981
—
—
—
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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