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Property profile & analytics
OFF-MARKET
Estimated value
$8,415,000
Flex space
33377 Western Ave Union City, CA 94587-2210
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US09-8646659
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1969
Construction
TYPE NOT SPECIFIED
Total area
74,055 SF
Lot
4.91 ac (213,800 SF)
APN
475-80-5
UPID
US09-8646659
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
-
Tri-Ced Community Recycling Recycling Center Waste Management Facility
-
Tri-ced cycling Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.42M
Owner & transaction history
Tri City Economic Dev Corp · 28 yrs held
Tri City Economic Dev Corp
since 1998
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$114 / 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
$6,585
Tax year 2024
Assessed value
$11,337,491
Assessed 2024
Previous assessed
$11,337,491
+0.0% YoY
Effective rate
0.06%
On assessed value
Assessed land
$1,995,846
Assessed improvement
$9,341,645
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
1969
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
3
Stories
1
Units
1
Bathrooms
2
Total area
74,055 SF
Lot
4.91 ac (213,800 SF)
APN
475-80-5
UPID
US09-8646659
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
1969
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
3
Units
1
Bathrooms
2
Lot
4.91 ac
Current owner
From public records · entity-resolved
Tri City Economic Dev Corp
Entity
Mailing address
33377 WESTERN AVE, UNION CITY, CA 94587-2210
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
—
Tri-city Economic Development Corpo
—
Deed
related
$8,525,500 · Fremont Bank
Jun 29, 2023
—
Tri City Economic Development Corp
—
Deed
related
$11,000,000 · Fremont Bank
Apr 1, 2020
—
Tri City Economic Development Corp
—
Deed
related
$500,000 · Fremont Bank
May 2, 2016
—
Tri-city Economic Dev Corp
—
Deed
related
$5,250,000 · Fremont Bk
Jun 29, 1998
$2,300,000
Tri City Economic Dev Corp
Schnitzer Investment Corp
Grant Deed
$1,840,000 · Comerica Bank California
Mar 31, 1989
$2,400,000
Invest Schnitzer
San Francisco Ch
Grant Deed
—
—
—
Tri-city Economic Dev Corp
—
Deed Of Trust
related
$5,250,000 · Fremont Bk
—
—
Tri-city Economic Dev Corp
—
Deed Of Trust
related
$2,041,560 · Fremont Bk
—
—
Tri-city Economic Dev Corp
—
Deed Of Trust
related
$6,065,000 · Union Bank Of 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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