Back to Search
Property profile & analytics
FOR LEASE
Industrial land
2975 Volpey Way Union City, CA 94587
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8426619
For Lease
1 / 2
Contact for pricing
2975 Volpey Way, Union City, CA 94587
View Listing →
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.08 ac (3,490 SF)
APN
463-45-70-1
UPID
US09-8426619
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
-
Imperial Dade Distribution Center
-
Area Distributors Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Arow Volpey 2975 LLC · 4 yrs held
Arow Volpey 2975 LLC
since 2021
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,429
Tax year 2024
Assessed value
$270,504
Assessed 2024
Previous assessed
$270,504
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$270,504
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Lease
Heating
NONE
Lot
0.08 ac (3,490 SF)
APN
463-45-70-1
UPID
US09-8426619
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
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
Arow Volpey 2975 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
155 MONTGOMERY ST STE #500, SAN FRANCISCO, CA 94104-4110
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
—
Arow Volpey 2975 LLC
—
Deed
related
$30,000,000 · John Hancock Life Insurance Company USA
Oct 29, 2021
$15,500,000
Arow Volpey 2975 LLC
Union City Properties LLC
Grant Deed
—
Jan 31, 2014
$5,500,000
Union City Properties LLC
Coast Citrus Distributors
Grant Deed
$4,125,000 · American Business Bank
Jun 19, 2012
$5,050,000
Coast Citrus Distributors
Jim K Lu
Grant Deed
—
Feb 9, 2012
—
Jim K Lu
—
Deed Of Trust
related
$3,000,000 · East-west Investment INC
Aug 12, 2011
—
Jim K Lu
—
Deed Of Trust
related
$3,000,000 · East West Bank
Feb 14, 2011
$4,300,000
Jim K Lu
Grubman William I Trust
Grant Deed
$2,150,000 · First Commercial Bank (usa)
Mar 21, 2001
—
Grubman Trust
Grubman,patricia M
Quit Claim Deed
related
—
Feb 23, 1999
—
Grubman Trust
Grubman,william I
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
