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Property profile & analytics
OFF-MARKET
Estimated value
$126,000,000
Apartment buildings
3515 Walnut Ave Fremont, CA 94538
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8088926
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2022
Construction
WOOD
Total area
309,412 SF
Lot
2.84 ac (123,754 SF)
APN
501-1130-71-1
UPID
US09-8088926
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
$126.00M
CAP Approach
CAP
$85.00M
Comparable Approach
Comparable
$146.93M
Blend (final)
Blend
$126.00M
Owner & transaction history
Oak Beacon 2022 LLC · 2 yrs held
Oak Beacon 2022 LLC
since 2024
Last sale
$126.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$155.8M
+42.1%
Commercial (general)
$154.0M
+40.5%
Office building
$141.1M
+28.8%
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 Fremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fremont 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
$126,000,000
ML approach
$126,000,000
CAP Approach
CAP Return
Estimation
6%
$92,080,000
6.5%
$85,000,000
7%
$78,925,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$109,610,000
Current use
RESTAURANT
$155,760,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$154,040,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$141,130,000
Change: +29% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$131,455,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$122,325,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$107,610,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$99,640,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$126.00M
Range $113.40M – $138.60M · ±10% · vs last sale $126.00M (Jun 27 2024)
Last sale anchor
$126.00M
Jun 27 2024
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
$407 / 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
$1,619,705
Tax year 2023
Assessed value
$134,201,474
Assessed 2024
Previous assessed
$134,201,474
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$16,940,602
Assessed improvement
$117,260,872
Applied tax rate
12.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2022
Construction
WOOD
Buildings
1
Stories
6
Units
275
Total area
309,412 SF
Lot
2.84 ac (123,754 SF)
APN
501-1130-71-1
UPID
US09-8088926
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$109.6M
RESTAURANT
Est. value
$155.8M
COMMERCIAL (GENERAL)
Est. value
$154.0M
OFFICE BUILDING
Est. value
$141.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$131.5M
MEDICAL BUILDING
Est. value
$122.3M
RETAIL STORES
Est. value
$107.6M
AUTO REPAIR, GARAGE
Est. value
$99.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2022
Construction
WOOD
Stories
6
Buildings
1
Units
275
Lot
2.84 ac
Current owner
From public records · entity-resolved
Oak Beacon 2022 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
101 S ELLSWORTH AVE STE #300, SAN MATEO, CA 94401-3957
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
$63,000,000
Oak Beacon 2022 LLC
Fremont Walnut Apartments LLC
Grant Deed
—
Jun 27, 2024
$126,000,000
Oak Beacon 2022 LLC
Fremont Walnut Apartments LLC
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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