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Property profile & analytics
OFF-MARKET
Estimated value
$15,025,000
Warehouses
2975 Volpey Way, Union City, CA 94587-1205
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8427790
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
TILT-UP CONCRETE
Total area
60,080 SF
Lot
2.31 ac (100,535 SF)
APN
463-45-70-2
UPID
US09-8427790
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
$9.59M
CAP Approach
CAP
$14.11M
Comparable Approach
Comparable
$16.11M
Blend (final)
Blend
$15.03M
Owner & transaction history
Arow Volpey 2975 LLC · 4 yrs held
Arow Volpey 2975 LLC
since 2021
Last sale
$15.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$23.8M
+92.9%
Office building
$20.4M
+65.5%
Auto repair, garage
$19.4M
+57.1%
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
$13,910,000
ML approach
$9,585,000
CAP Approach
CAP Return
Estimation
6%
$15,280,000
6.5%
$14,105,000
7%
$13,095,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,315,000
Current use
MEDICAL BUILDING
$23,750,000
Change: +93% · Conversion: Difficult
OFFICE BUILDING
$20,375,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,350,000
Change: +57% · Conversion: Easy
RETAIL STORES
$17,050,000
Change: +38% · Conversion: Moderate
COMMERCIAL (GENERAL)
$16,825,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$15.03M
Range $13.52M – $16.53M · ±10% · vs last sale $15.50M (Oct 29 2021)
Last sale anchor
$15.50M
Oct 29 2021
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
$250 / 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
$201,086
Tax year 2024
Assessed value
$15,855,696
Assessed 2024
Previous assessed
$15,855,696
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$8,052,696
Assessed improvement
$7,803,000
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
60,080 SF
Lot
2.31 ac (100,535 SF)
APN
463-45-70-2
UPID
US09-8427790
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
$12.3M
MEDICAL BUILDING
Est. value
$23.8M
OFFICE BUILDING
Est. value
$20.4M
AUTO REPAIR, GARAGE
Est. value
$19.4M
RETAIL STORES
Est. value
$17.1M
COMMERCIAL (GENERAL)
Est. value
$16.8M
WAREHOUSE, STORAGE Current
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
2.31 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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
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.
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