Property profile

3411 Capitol Ave Fremont, CA 94538

FOR SALE
Retirement homes
Property ID
US09-7869965
14,132 SF 1.26 ac lot
Entity Owned 4-yr Hold
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully entitled, mixed-use development in Fremont's vibrant Central Downtown. The project encompasses 90 market-rate condominium units, ranging from one to three bedrooms, with sizes varying from 596 to 1,444 square feet. A significant 14,132 square feet of ground-floor retail space is also included, enhancing the property's appeal and generating additional income potential. The six-story building, designed by LPMD Architects, features a striking architectural design incorporating Type III and Type I construction. Residents will enjoy a wealth of amenities, including a fitness center, community room, open-air courtyard, private open spaces, and storage lockers. Ample parking is provided with 192 spaces, accommodating EVs, motorcycles, and bicycles. The property sits on a 1.26-acre lot (APN 501-1130-22-04) and benefits from a highly desirable location, within walking distance of Central Park, and conveniently situated near major freeways and BART. The zoning is D-MD 75% / D-CA 25%. The total net rentable square footage is 118,000 square feet. The seller will consider both an outright sale and joint venture structures. This development is poised to capitalize on Fremont's thriving market and strong demand for high-quality residential and retail space. The property is currently vacant.

Property profile

Verified
Property type Retirement homes
Total area 14,132 SF
Lot 1.26 ac (54,886 SF)
UPID US09-7869965

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building
  • Restaurant

Location

3411 Capitol Ave Fremont, CA 94538
Fremont metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2022
1 recorded transaction
2022
$8.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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