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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Office buildings
33641 Msn Blvd Union City, CA 94587-1428
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-8161915
Property summary
AI-generated overview
This exceptional 6,136-square-foot free-standing warehouse building is ideally situated at 33641 Mission Boulevard in Union City, California. Boasting a single-tenant occupancy, the property sits on a 0.57-acre lot and offers ample parking. Constructed in 1963, the building features updated interior systems, including multi-stall restrooms. The zoning is designated CC (Community Commercial), providing flexibility for various uses. The property includes dock-high loading, which is convertible to create a covered area, potentially suitable for a play area. Its high-visibility location on a major thoroughfare ensures excellent exposure. The Alameda County Assessor's Parcel Number (APN) is 486-0006-034-00. The entire 6,136 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. This property is a prime example of a well-maintained, strategically located warehouse in a thriving area.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
TILT-UP CONCRETE
Total area
6,363 SF
Lot
0.58 ac (25,049 SF)
APN
486-6-34
UPID
US09-8161915
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
$2.11M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$2.14M
Owner & transaction history
Arteagas Holding Company LLC
Arteagas Holding Company LLC
since 2025
Last sale
$2.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+48.4%
Neighborhood: shopping center
$2.7M
+25.3%
Medical building
$2.5M
+16.6%
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%
$2,285,000
6.5%
$2,110,000
7%
$1,960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,160,000
Current use
RESTAURANT
$3,205,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,705,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$2,515,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,050,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$1,805,000
Change: -16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,780,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10% · vs last sale $2.55M (Dec 1 2025)
Last sale anchor
$2.55M
Dec 1 2025
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
$336 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,866
Tax year 2023
Assessed value
$1,115,500
Assessed 2024
Previous assessed
$1,093,629
+2.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$836,625
Assessed improvement
$278,875
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
6,363 SF
Lot
0.58 ac (25,049 SF)
APN
486-6-34
UPID
US09-8161915
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
OFFICE BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Arteagas Holding Company LLC
Entity
Free & Clear · 0 yrs held
Mailing address
35730 HILLSIDE CT, FREMONT, CA 94536-7612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2025
$2,550,000
Arteagas Holding Company LLC
Mission Hill LLC
Grant Deed
—
Mar 20, 2018
—
Mission Hill LLC
American National Red Cross
Quit Claim Deed
related
—
Oct 10, 2017
$1,000,000
Mission Hills LLC
American National Red Cross
Grant Deed
—
Jul 23, 1992
—
American Natl Red Cross
American Red Cro
Quit Claim Deed
related
—
Apr 4, 1991
$489,000
American Red Cro
Chamberlain,a.
Grant Deed
—
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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