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

    32025 Alvarado Blvd Union City, CA 94587-4005

    • Retail space
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8423133
    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

    • Alvarado Dental Group / Dental Office
    • Hong Christopher DDS / Dental Office
    • Dr. Mildred P. Arafiles-Reyes, DDS / Dental Office

    Property Details for 32025 Alvarado Blvd

    Lot size
    0.43 lot acres
    Property type
    Retail space
    APN
    483-73-15-2
    APU
    48373152

    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
    -122.069
    Latitude
    37.5887
    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
    $17,500
    $618,898
    $720,440
    $1,339,338
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $955,000
      5,253 SF

      101 Appian Way

      RETAIL STORES (PERSONAL SERVICES) • 5,253 SF
      101 Appian Way, Union City, CA 94587-3703
      View Details
    • Value Estimation by Request
      0.68 Acres

      Industrial Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 0.68 Acres
      Industrial Pkwy, Union City, CA 94587
      View Details
    • Value Estimation by Request
      17,352 SF

      Alvarado Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,352 SF
      Alvarado Blvd, Union City, CA 94587
      View Details
    • Value Estimation
      $525,000
      3,420 SF

      33909 10th St

      RETAIL STORES (PERSONAL SERVICES) • 3,420 SF
      33909 10th St, Union City, CA 94587-3436
      View Details
    • Value Estimation
      $1,145,000
      17,012 SF

      34301 Alvarado Niles Rd

      RETAIL STORES (PERSONAL SERVICES) • 17,012 SF
      34301 Alvarado Niles Rd, Union City, CA 94587-4455
      View Details
    • Value Estimation
      $910,000
      15,646 SF

      32200 Alvarado Blvd

      RETAIL STORES (PERSONAL SERVICES) • 15,646 SF
      32200 Alvarado Blvd, Union City, CA 94587-4004
      View Details

    Similar Nearby for Sale

    • $525,000

      Retail Condominium in Union City

      473 SF retail condominium with dedicated parking.
      30720 Union City Blvd, Union City, CA 94587
      View Details
    • $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
    • $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
    • $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
    • $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
    • $220,000

      Union City 55+ Community Home

      Spacious 2-bedroom home in a desirable 55+ community.
      259 Molokai Cir, Union City, CA 94587
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Union City Retail/Office Space

      Spacious unit in Union City's business district, suitable for retail/office.
      30981 Watkins St/, Union City, CA 94587
      View Details
    • Contact for pricing
      4,997 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
      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
    • $3,500 /Mo
      4,292 SF

      Union City Retail/Office Space

      Spacious unit in Union City's business district, close to freeways.
      Watkins St/, Union City, CA 94587
      View Details
    • $33 SF/Yr
      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
      6,136 SF

      Freestanding Building on Mission Boulevard

      Freestanding building with parking and dock high loading in Union City.
      Union City, CA 94587
      View Details
    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.
    32025 Alvarado Blvd
    Union City, CA 94587-4005
    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.