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Property profile & analytics
OFF-MARKET
Estimated value
$9,540,000
Flex space
33463 Western Ave Union City, CA 94587-3201
Individually Owned
9-yr Hold
Free & Clear
Property ID
US09-7879066
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1989
Construction
TILT-UP CONCRETE
Total area
86,104 SF
Lot
4.5 ac (195,931 SF)
APN
475-100-31-3
UPID
US09-7879066
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
-
Mercury Container Corporation Department Store
-
Orora Industrial Manufacturer Factory
-
MPP Union City Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.54M
Owner & transaction history
Bpp Pacific Indl Ca Reit Ow 2 · 9 yrs held
Bpp Pacific Indl Ca Reit Ow 2
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$111 / 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
$166,636
Tax year 2024
Assessed value
$12,590,944
Assessed 2024
Previous assessed
$12,590,944
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$3,413,430
Assessed improvement
$9,177,514
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
86,104 SF
Lot
4.5 ac (195,931 SF)
APN
475-100-31-3
UPID
US09-7879066
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
4.5 ac
Current owner
From public records · entity-resolved
Bpp Pacific Indl Ca Reit Ow 2
Individual
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
—
Bpp Pacific Industrail Ca Non Reit
—
Deed
related
—
Dec 18, 2017
—
Bpp Pacific Indl Ca Reit Ow 2
—
Deed
related
—
Nov 18, 2016
$10,851,000
Bpp Pacific Indl Ca Reit Ow 2
Lba Of Cpt Industrial-co IV LLC
Grant Deed
—
Apr 24, 2013
—
Lba Of Cpt Industrial-co IV LLC
—
Loan Modification
related
$25,140,000 · Connecticut General Life Ins
Apr 19, 2013
—
Lba Of Cpt Industrial-co IV LLC
Lba Riv-co Viii-b LLC
Quit Claim Deed
—
Jan 21, 2011
—
Lba Riv-co Viii-b LLC
Amcor Packaging Distribution
Grant Deed
—
—
—
Bpp Pacific Indl Ca Reit Ow 2
—
Loan Modification
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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