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Property profile & analytics
OFF-MARKET
Estimated value
$3,090,000
Strip malls
35000 Newark Blvd Newark, CA 94560
Trust Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6913462
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2012
Construction
WOOD
Total area
11,000 SF
Lot
1.12 ac (48,787 SF)
APN
92A-720-13
UPID
US09-6913462
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
-
Wingstop Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.09M
Owner & transaction history
Patel Living Trust · 11 yrs held
Patel Living Trust
since 2014
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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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%
$3,375,000
6.5%
$3,115,000
7%
$2,895,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,675,000
Current use
MEDICAL BUILDING
$4,350,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.09M
Range $2.78M – $3.40M · ±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
$281 / 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
$94,925
Tax year 2023
Assessed value
$6,977,150
Assessed 2024
Previous assessed
$6,840,369
+2.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$2,343,471
Assessed improvement
$4,633,679
Applied tax rate
11.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Total area
11,000 SF
Lot
1.12 ac (48,787 SF)
APN
92A-720-13
UPID
US09-6913462
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
2012
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Patel Living Trust
Trust
Free & Clear · 11 yrs held
Mailing address
5995 CROSSMONT CIR, SAN JOSE, CA 95120-1525
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Sep 8, 2014
—
Patel Living Trust
Patel Living Trust
Affidavit Of Death
related
—
Mar 28, 2014
$5,800,000
Naranji V Patel
Imwalle Newark LLC
Grant Deed
$2,300,000 · Genworth Life & Annuity Ins Co
Nov 4, 2011
$2,000,000
Imwalle Newark LLC
Gillham,peter C JR
Grant Deed
$2,635,000 · Comerica Bank
Nov 4, 2011
—
Therese H Geary
Geary,william E
Affidavit Of Death
related
—
Jul 7, 2011
—
Peter C Gillham JR.
Gillham Peter C Trust
Quit Claim Deed
—
Apr 28, 2009
—
Seabeck Family Trust
Seabeck Family Trust
Quit Claim Deed
related
—
Dec 1, 2005
—
Lyons Suzanne Trust
Lyons,suzanne
Quit Claim Deed
related
—
Dec 31, 2001
—
Geary Trust
Geary,william E & Therese H
Quit Claim Deed
related
—
Jun 24, 1996
—
Seabeck Trust
Seabeck,james P & Novia G
Quit Claim Deed
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.
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