Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    29899 Un City Blvd Union City, CA 94587-1505

    • Industrial properties
    • 8,360 SF
    • 2.99 lot acres
    OFF-MARKET
    Value Estimations
    $1,030,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8697480
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Monarch Truck Center / Car Dealership

    Property Details for 29899 Un City Blvd

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.99 lot acres
    Property size
    8,360 SF
    Property type
    Industrial properties
    APN
    456-95-5-2
    APU
    4569552

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Alameda
    State
    California
    Longitude
    -122.083
    Latitude
    37.605
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,307
    $814,295
    $447,862
    $1,262,157
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $21,595,000
      131,486 SF

      1295 Whipple Rd

      HEAVY INDUSTRIAL • 131,486 SF
      1295 Whipple Rd, Union City, CA 94587-2025
      View Details
    • Value Estimation by Request
      1,939 SF

      29400 Kohoutek Way Ste, Unit 130

      CONDOMINIUMS (INDUSTRIAL) • 1,939 SF
      29400 Kohoutek Way Ste, Union City, CA 94587-1208
      View Details
    • Value Estimation by Request
      473 SF

      30770 Un City Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 473 SF
      30770 Un City Blvd, Union City, CA 94587-2623
      View Details
    • Value Estimation by Request
      1,800 SF

      29524 Kohoutek Way, Unit 14

      CONDOMINIUMS (INDUSTRIAL) • 1,800 SF
      29524 Kohoutek Way, Union City, CA 94587-1221
      View Details
    • Value Estimation by Request
      1,800 SF

      29524 Kohoutek Way, Unit 17

      CONDOMINIUMS (INDUSTRIAL) • 1,800 SF
      29524 Kohoutek Way, Union City, CA 94587-1221
      View Details
    • Value Estimation by Request
      1,800 SF

      29524 Kohoutek Way, Unit 2

      CONDOMINIUMS (INDUSTRIAL) • 1,800 SF
      29524 Kohoutek Way, Union City, CA 94587-1221
      View Details

    Similar Nearby for Sale

    • $10,499,000
      60,648 SF

      Union City Industrial Property

      Industrial property in Union City with secured yard.
      4700 Horner St, Union City, CA 94587
      View Details
    • $12,500,000
      50,000 SF

      Union City Multi-Tenant Warehouse

      50,000 SF multi-tenant warehouse with freeway access.
      30540 Union City Blvd, Union City, CA 94587
      View Details
    • $8,700,000
      18,528 SF

      Union City Industrial Building For Sale

      18,528 SF building on 1.74 acres in Union City.
      33439 Western Ave, Union City, CA 94587
      View Details
    • $224,000

      Updated Mobile Home in 55+ Community

      Charming 2-bedroom, 2-bathroom mobile home in a desirable 55+ community.
      328 Waikiki Cir, Union City, CA 94587
      View Details
    • $525,000

      Retail Condominium in Union City

      473 SF retail condominium with dedicated parking.
      30720 Union City Blvd, Union City, CA 94587
      View Details
    • $350,000

      Manufactured Home in Union City

      Spacious 2-bedroom manufactured home with den and stainless steel appliances.
      23 Palm Dr, Union City, CA 94587
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      31,104 SF

      Industrial Space Available For Sublease

      Industrial property available for sublease, offering 31,104 square feet.
      2835-2851 Whipple Rd, Union City, CA 94587
      View Details
    • Contact for pricing
      79,872 SF

      Class A Warehouse Distribution Space

      Large Class A warehouse/distribution space in Alvarado Business Park.
      30336 Whipple Rd, Union City, CA 94587
      View Details
    • $1.85 SF/Yr
      4,240 SF

      Union City Flex Space Available

      Flex space with easy access and loading docks for rent.
      29410-29552 Union City Blvd, Union City, CA 94587
      View Details
    • Contact for pricing
      10,164 SF

      Union City Industrial Building

      Industrial building with paved, fenced yard, available Q1/2025.
      4301 Bettencourt Way, Union City, CA 94587
      View Details
    • Contact for pricing
      60,080 SF

      Freestanding Industrial Building Available

      60,080 SF industrial building for lease in Union City.
      2975 Volpey Way, Union City, CA 94587
      View Details
    • Contact for pricing
      18,900 SF

      Union City Warehouse with Yard

      18,900 SF warehouse with 3.5-acre paved, fenced yard.
      30311-30315 Union City Blvd, Union City, CA 94587
      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      1.9k
    • Avg Time on site
      18 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29899 Un City Blvd
    Union City, CA 94587-1505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.