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Property profile & analytics
FOR LEASE
Warehouses
33589 Central Ave, Union City, CA 94587
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8598763
For Lease
Contact for pricing
33589 Central Ave, Union City, CA 94587
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
61,707 SF
Lot
1.36 ac (59,328 SF)
APN
475-111-10
UPID
US09-8598763
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Central Avenue Portfolio LLC · 3 yrs held
Central Avenue Portfolio LLC
since 2023
Last sale
$21.5M
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
—
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
$42,682
Tax year 2024
Assessed value
$3,330,300
Assessed 2024
Previous assessed
$3,330,300
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$3,330,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
61,707 SF
Lot
1.36 ac (59,328 SF)
APN
475-111-10
UPID
US09-8598763
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
Central Avenue Portfolio LLC
Entity
Mailing address
1530 OBRIEN DR, MENLO PARK, CA 94025-1454
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Mar 27, 2023
$21,500,000
Central Avenue Portfolio LLC
Mango King II LLC
Grant Deed
$13,000,000 · Cerco Bridge Loans 6 LLC
Jul 15, 2019
—
Mango King II LLC
—
Grant Deed
related
$3,000,000 · East West Bk
Jan 28, 2019
—
Mango King Il LLC
—
Grant Deed
related
$7,600,000 · East West Bk
Oct 11, 2018
—
Mango King II LLC
—
Deed
related
$1,300,000 · Eliseo Sy
Aug 31, 2009
—
Mango King II LLC
Liu,che C & Shu F
Grant Deed
$3,250,000 · United Commercial Bank
Oct 15, 1992
$1,930,000
Che Liu
Filice,michael P
Grant Deed
$1,630,000 · Seller
May 25, 1970
—
—
—
Grant Deed
related
—
—
—
Mango King II LLC
—
Deed Of Trust
related
$1,300,000 · Eliseo Sy
—
—
Che C Liu
—
Deed Of Trust
related
$2,947,000 · East-west Investment INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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