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

    33288 Central Ave Union City, CA 94587-2010

    • Warehouses
    • 12,579 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Jul 05, 2023
    $4,403,000
    Value Estimations
    $3,335,000
    Show details
    Cap Rate Potential
    5.7%
    Warehouses
    Location Intelligence
    Property ID
    US09-8162252
    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

    • OEC Graphics Inc. / Business Center

    Property Details for 33288 Central Ave

    Year built
    2004
    Construction
    TILT-UP CONCRETE
    Lot size
    1.10 lot acres
    Property size
    12,579 SF
    Property type
    Warehouses
    APN
    475-90-36
    APU
    4759036

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,375,000
      ML approach
      $3,640,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,200,000
      6.5%
      $2,955,000
      7%
      $2,740,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,373,000
      Market price range: $1.55M - $3.37M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,580,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $5,345,000
      Change: +107% Conversion: Moderate
      MEDICAL BUILDING
      $4,975,000
      Change: +93% Conversion: Difficult
      OFFICE BUILDING
      $4,265,000
      Change: +65% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,050,000
      Change: +57% Conversion: Easy
      RETAIL STORES
      $3,570,000
      Change: +38% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,520,000
      Change: +37% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Alameda
    State
    California
    Longitude
    -122.037
    Latitude
    37.5987
    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
    $56,066
    $2,630,000
    $1,772,600
    $4,402,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $12,005,000
      107,570 SF

      32928 Alvarado Niles Rd

      WAREHOUSE, STORAGE • 107,570 SF
      32928 Alvarado Niles Rd, Union City, CA 94587
      View Details
    • Value Estimation
      $5,560,000
      52,151 SF

      1671 Atlantic St

      WAREHOUSE, STORAGE • 52,151 SF
      1671 Atlantic St, Union City, CA 94587-2048
      View Details
    • Value Estimation
      $26,715,000
      200,384 SF

      1555 Atlantic St

      WAREHOUSE, STORAGE • 200,384 SF
      1555 Atlantic St, Union City, CA 94587-2005
      View Details
    • Value Estimation
      $13,565,000
      146,880 SF

      1600 Atlantic St

      WAREHOUSE, STORAGE • 146,880 SF
      1600 Atlantic St, Union City, CA 94587-2017
      View Details
    • Value Estimation
      $11,150,000
      119,930 SF

      33321 Dowe Ave

      WAREHOUSE, STORAGE • 119,930 SF
      33321 Dowe Ave, Union City, CA 94587-2033
      View Details
    • Value Estimation
      $2,650,000
      22,440 SF

      33300 Dowe Ave

      WAREHOUSE, STORAGE • 22,440 SF
      33300 Dowe Ave, Union City, CA 94587-2034
      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
    • $498,000

      Residential Lot in Union City

      Residential lot with potential for custom home construction.
      394 Appian Way, Union City, CA 94587
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      25,000 SF

      Union City Logistics Facility

      East Bay Area warehouse with ample yard space.
      33261-33297 Central Ave, Union City, CA 94587
      View Details
    • $18 SF/Yr
      12,756 SF

      Union City Warehouse Space Available

      Warehouse space with excellent freeway access and retail visibility.
      2955-2995 Whipple Rd, Union City, CA 94587
      View Details
    • $15 SF/Yr

      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
      6,136 SF

      Mission Blvd Warehouse - Union City

      6,136 SF Warehouse, Ample Parking, CA
      33641 Mission Blvd, 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.
    33288 Central Ave
    Union City, CA 94587-2010
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.