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Property profile & analytics
OFF-MARKET
Estimated value
$4,995,000
Flex space
32500 Central Ave Union City, CA 94587-2032
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9322528
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1967
Construction
TILT-UP CONCRETE
Total area
21,315 SF
Lot
1.37 ac (59,677 SF)
APN
475-70-8
UPID
US09-9322528
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
-
Electrochem Solutions, Inc., a Pioneer Metal Finishing Company Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.99M
CAP Approach
CAP
$3.93M
Comparable Approach
Comparable
$6.55M
Blend (final)
Blend
$5.00M
Owner & transaction history
Store Capital Acquisitions LLC · 5 yrs held
Store Capital Acquisitions LLC
since 2021
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.2M
+26.1%
Auto repair, garage
$6.9M
+19.8%
Retail stores
$6.1M
+5.5%
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
$4,970,000
ML approach
$4,985,000
CAP Approach
CAP Return
Estimation
6%
$4,250,000
6.5%
$3,925,000
7%
$3,645,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,730,000
Current use
OFFICE BUILDING
$7,230,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,865,000
Change: +20% · Conversion: Easy
RETAIL STORES
$6,050,000
Change: +6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,970,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$5.00M
Range $4.50M – $5.49M · ±10% · vs last sale $5.55M (Feb 8 2021)
Last sale anchor
$5.55M
Feb 8 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
$234 / 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
$67,874
Tax year 2024
Assessed value
$4,828,460
Assessed 2024
Previous assessed
$4,828,460
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$2,122,400
Assessed improvement
$2,706,060
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Bathrooms
2
Total area
21,315 SF
Lot
1.37 ac (59,677 SF)
APN
475-70-8
UPID
US09-9322528
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.7M
OFFICE BUILDING
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.9M
RETAIL STORES
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$6.0M
INDUSTRIAL (GENERAL) Current
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
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Bathrooms
2
Lot
1.37 ac
Current owner
From public records · entity-resolved
Store Capital Acquisitions LLC
Entity
Mailing address
480 PILGRIM WAY STE #1400, GREEN BAY, WI 54304-5279
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2021
$5,550,000
Store Capital Acquisitions LLC
32500 Central Avenue LLC
Grant Deed
$5,550,000 · Citibank NA
Aug 31, 2012
$1,600,000
32500 Central Avenue LLC
Electrochem Solutions LLC
Grant Deed
$800,000 · California Commerce Bank
Jul 2, 2008
—
Electrochem Solutions LLC
Electrochem Solutions LLC
Quit Claim Deed
related
$2,000,000 · Lawrence Foley
Aug 24, 2006
—
Electrochem Solutions INC
Burlingame Capital Ptrs II
Grant Deed
—
Nov 28, 2001
—
Qmect INC
—
Deed Of Trust
related
$2,000,000 · Burlingame Capital Partners II
Oct 3, 2001
—
Qmect INC
Koelling-mcneill
Grant Deed
related
—
Oct 14, 1998
—
Mcneill Koelling
Koelling-mcniell Partnership
Quit Claim Deed
related
$1,043,770 · Comerica Bank California
Jan 16, 1996
$687,000
Koelling-mcneill Ptshp
Qmect INC
Grant Deed
$560,000 · Wells Fargo Bank
Oct 4, 1994
$840,000
Qmect INC
Oppenheimer,todd
Grant Deed
$700,000 · Wells Fargo Bank
—
—
Keolling-mcneill Ptshp
—
Deed Of Trust
related
$845,800 · Comerica Bank California
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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