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Property profile & analytics
OFF-MARKET
Estimated value
$13,665,000
Flex space
33210 Central Ave Union City, CA 94587-2010
Entity Owned
9-yr Hold
Free & Clear
Property ID
US09-9322546
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2004
Construction
TILT-UP CONCRETE
Total area
103,550 SF
Lot
5.7 ac (248,379 SF)
APN
475-90-37
UPID
US09-9322546
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.67M
Owner & transaction history
Lba Ncc-co Ix LLC · 9 yrs held
Lba Ncc-co Ix LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,660,000
6.5%
$19,070,000
7%
$17,705,000
Blend value · Realmo final
$13.67M
Range $12.30M – $15.03M · ±10%
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
$132 / 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
$260,307
Tax year 2024
Assessed value
$20,327,338
Assessed 2024
Previous assessed
$20,327,338
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$4,323,678
Assessed improvement
$16,003,660
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
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
1
Bathrooms
4
Total area
103,550 SF
Lot
5.7 ac (248,379 SF)
APN
475-90-37
UPID
US09-9322546
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
Building & site characteristics
From public records
Year built
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
1
Bathrooms
4
Lot
5.7 ac
Current owner
From public records · entity-resolved
Lba Ncc-co Ix LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2016
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
Nov 2, 2022
—
Lba Ncc Company Ix LLC
—
Deed
related
$68,500,000 · Prudential Insurance Of America
Apr 3, 2017
—
Lba Ncc-co Ix LLC
—
Deed
related
$36,420,000 · Miscellaneous Ins Co
Nov 22, 2016
$14,800,000
Lba Ncc-co Ix LLC
Mission Nss LLC
Grant Deed
—
Sep 14, 2006
—
Axygen INC
—
Deed Of Trust
related
$96,600,000 · American Capital Financial Svc
Oct 28, 2004
—
Axygen INC
—
Deed Of Trust
related
$33,847,794 · Merrill Lynch Capital
Sep 20, 2004
—
Mission Nss LLC
Headlands Realty Corp
Grant Deed
$6,000,000 · Nationwide Life Insurance Co
—
—
Axygen INC
—
Deed Of Trust
related
—
—
—
Lba Ncc-co Ix LLC
—
Deed Of Trust
related
$36,420,000 · Miscellaneous Ins Co
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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