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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Medical Office Space
2963 Mowry Ave Fremont, CA 94538-1613
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-9095957
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1915
Construction
WOOD
Total area
1,258 SF
Lot
0.15 ac (6,570 SF)
APN
501-1581-23-4
UPID
US09-9095957
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
-
Lin Han DDS Dental Office
-
Affordable Solar Fremont Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$945k
Owner & transaction history
Cheng Lin Han · 4 yrs held
Cheng Lin Han
since 2022
Last sale
$988,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$625,000
+25.9%
Office building
$575,000
+15.4%
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
$965,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$625,000
Change: +26% · Conversion: Easy
OFFICE BUILDING
$575,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $988k (Jun 7 2022)
Last sale anchor
$988k
Jun 7 2022
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
$751 / 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
$15,540
Tax year 2023
Assessed value
$1,323,593
Assessed 2024
Previous assessed
$1,297,648
+2.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$616,248
Assessed improvement
$707,345
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
1915
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Bathrooms
1
Total area
1,258 SF
Lot
0.15 ac (6,570 SF)
APN
501-1581-23-4
UPID
US09-9095957
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
COMMERCIAL (GENERAL)
Est. value
$625,000
OFFICE BUILDING
Est. value
$575,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1915
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Cheng Lin Han
Individual
Mailing address
22273 MAIN ST, HAYWARD, CA 94541-4004
Ownership since
2022
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
Jun 7, 2022
—
Cheng Lin Han
Cheng Lin Han
Intrafamily Transfer
related
—
Nov 17, 2016
—
Han C Lin
Lin,han C
Quit Claim Deed
related
—
Jan 13, 2011
—
Lin Living Trust
Lin,han
Quit Claim Deed
related
—
Apr 21, 2006
$988,000
Han Lin
Oscar E Espinas
Grant Deed
$494,000 · Wells Fargo Bank NA
Apr 21, 2006
—
Han Lin
Lim,huoy-bing
Grant Deed
related
—
Dec 18, 1992
$247,000
Oscar Espinas
Abreu Trust
Grant Deed
$257,000 · Tracy Federal Bank
Oct 22, 1980
$170,000
—
—
Grant Deed
related
$170,000
—
—
Oscar E Espinas
—
Deed Of Trust
related
$346,344 · Money Store INC
—
—
Oscar E Espinas
—
Deed Of Trust
related
$200,000 · Mei Y Xiang
—
—
Oscare Espinas
—
Deed Of Trust
related
$65,000 · Wells Fargo Bank
—
—
Han Lin
—
Deed Of Trust
related
$408,000 · Capital Access Group
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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