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Property profile & analytics
OFF-MARKET
Estimated value
$31,610,000
Refrigerated & Cold Storage
33400 Dowe Ave, Union City, CA 94587-2037
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-6657200
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1983
Construction
TILT-UP CONCRETE
Total area
234,858 SF
Lot
8.72 ac (379,843 SF)
APN
475-111-41
UPID
US09-6657200
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
-
Zhen's Magician Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Healthy goodness Warehouse & Storage
-
Wonder Ice cream Warehouse & Storage
-
Penske Logistics Warehouse & Storage
-
Harvest Food Distributors Butcher Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.61M
Owner & transaction history
Hp A Union City LLC · 10 yrs held
Hp A Union City 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$48,140,000
Current use
Blend value · Realmo final
$31.61M
Range $28.45M – $34.77M · ±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
$135 / 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
$703,214
Tax year 2024
Assessed value
$55,440,350
Assessed 2024
Previous assessed
$55,440,350
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$12,716,700
Assessed improvement
$42,723,650
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
1
Total area
234,858 SF
Lot
8.72 ac (379,843 SF)
APN
475-111-41
UPID
US09-6657200
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
WAREHOUSE, STORAGE Current
Est. value
$48.1M
WAREHOUSE, STORAGE Current
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
1
Lot
8.72 ac
Current owner
From public records · entity-resolved
Hp A Union City LLC
Entity
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
—
Breit Cs - Union City LLC
—
Deed
related
—
Mar 19, 2024
—
Breit Cs Union City LLC
—
Deed
related
$730,000,000 · Capital One Bank NA
Mar 1, 2022
—
Breit Cs Union City LLC
—
Deed
related
$421,347,000 · Capital One Bank NA
Sep 6, 2019
—
Breit Cs-union City LLC
—
Loan Modification
related
$330,000,000 · Capital One Nat'l Assn
May 15, 2018
—
Breit Cs-union City LLC
—
Grant Deed
related
$202,000,000 · Capital One NA
Mar 7, 2018
—
Hp-a Union City LLC
—
Deed
related
$25,450,000 · Comerica Bk/detroit
Nov 17, 2017
—
Hp-a Union City LLC
—
Deed
related
$21,422,716 · Comerica Bk
May 26, 2016
$23,100,000
Hp A Union City LLC
United States Cold Storage Of Calif
Grant Deed
$21,850,000 · Comerica Bank
Sep 30, 1994
$1,821,500
United States Cold Storage Of
Banducci Trust
Trustees Deed
related
—
Sep 30, 1994
$2,163,500
United States Cold Storage Of
Dow-pac Properties
Trustees Deed
related
—
Sep 2, 1994
$452,500
Banducci Trust
Dow-pac Properti
Grant Deed
related
—
—
—
Hp-a Union City LLC
—
Loan Modification
related
$21,422,716 · Comerica Bk
—
—
Hp-a Union City LLC
—
Loan Modification
related
$25,450,000 · Comerica Bk/detroit
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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