Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    31890 Alvarado Blvd Union City, CA 94587-3913
    Back to Search
    Property profile & analytics

    31890 Alvarado Blvd, Union City, CA 94587-3913

    View on Map
    • Gas stations
    • 2,072 SF
    • 0.57 lot acres
    Off-Market
    Property ID
    US09-8386969
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • National Petroleum / Gas Station
    • RockItCoin Bitcoin ATM / Crypto Atm

    Property Details for 31890 Alvarado Blvd

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.57 lot acres
    Property type
    Gas stations
    APN
    483-40-33
    APU
    4834033

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2015 $750,000 Sunko Gasoline INC Bedrock Oil INC Grant Deed —
    Apr 2, 1982 — Alvarado Corner Associates — Grant Deed · related —
    Feb 2, 1981 $4,000 — — Grant Deed · related —
    — — Bedrock Oil INC — Deed Of Trust · related $525k · Cushman Rexrode Cap Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Alameda
    State
    California
    Longitude
    -122.07
    Latitude
    37.5903
    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
    2023
    $7,591
    $341,491
    $177,476
    $518,967
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,295,000
      1,575 SF

      4122 Dyer St

      SERVICE STATION (FULL SERVICE)
      4122 Dyer St, Union City, CA 94587-3903
      View Details
    • Value Estimation
      $7,025,000
      2,800 SF

      1998 Whipple Rd

      SERVICE STATION (FULL SERVICE)
      1998 Whipple Rd, Union City, CA 94587-1997
      View Details
    • Value Estimation
      $515,000
      1,572 SF

      31300 Alvarado Niles Rd

      SERVICE STATION (FULL SERVICE)
      31300 Alvarado Niles Rd, Union City, CA 94587-2802
      View Details
    • Value Estimation by Request
      0.02 Acres

      33090 Msn Blvd

      SERVICE STATION (FULL SERVICE)
      33090 Msn Blvd, Union City, CA 94587-1420
      View Details
    • Value Estimation by Request
      1,806 SF

      31889 Alvarado Blvd

      SERVICE STATION (FULL SERVICE)
      31889 Alvarado Blvd, Union City, CA 94587-3912
      View Details
    • Value Estimation by Request
      1,512 SF

      33090 Msn Blvd

      SERVICE STATION (FULL SERVICE)
      33090 Msn Blvd, Union City, CA 94587-1420
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,863 SF

      Union City Office/Warehouse Condo

      Versatile two-story condo with office and warehouse space.
      29300 Kohoutek Way, Union City, CA 94587
      View Details
    • Contact for pricing
      50,000 SF

      Union City Multi-Tenant Building

      Multi-tenant industrial building in Union City, California, for sale.
      30540 Union City Blvd, Union City, CA 94587
      View Details
    • Contact for pricing
      60,648 SF

      Union City Industrial Property

      Industrial property in Union City with secured yard.
      4700 Horner St, Union City, CA 94587
      View Details
    • Contact for pricing
      Pending

      Union City Development Opportunity

      Rare 1.43 acre development site in Union City.
      1150 Whipple Rd, Union City, CA 94587
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      22,000 SF

      Union City Warehouse For Sale

      22,000 square foot warehouse with secured yard in Union City.
      4700 Horner St, Union City, CA 94587
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Retail Space in Union City

      Retail space available within a large open-air shopping mall.
      31300 Courthouse Dr, Union City, CA 94587
      View Details
    • Contact for pricing
      1,670 SF

      Retail Space in Open-Air Mall

      Retail space available in a large Union City shopping destination.
      30963 Courthouse Dr, Union City, CA 94587
      View Details
    • Contact for pricing
      6,136 SF

      Freestanding Building on Mission Boulevard

      Freestanding building with parking and dock high loading in Union City.
      33641 Mission Blvd, Union City, CA 94587
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space in Cherrywood Plaza

      Retail space available in Union City's Cherrywood Plaza.
      2609-2651 Decoto Rd, Union City, CA 94587
      View Details
    • Contact for pricing

      Union City Warehouse Space Available

      Warehouse space available for lease in Union City, California.
      30301-30361 Whipple Rd - Bldg M, Union City, CA 94587
      View Details
    • Contact for pricing
      1,714 SF

      Union City Business Park Space

      Premier business park with office, flex, and industrial spaces.
      32960 Alvarado Niles Rd, Union City, CA 94587
      View Details

    Property Visit Statistics

    • Visits by month
      13.1k
    • Visitors by month
      10.8k
    • Avg Time on site
      7 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.
    31890 Alvarado Blvd
    Union City, CA 94587-3913
    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

    Thank You for Inquiry
    31890 Alvarado Blvd, Union City, CA, 94587
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!