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Property profile & analytics
OFF-MARKET
Estimated value
$24,995,000
Super regional malls
35201 Newark Blvd Newark, CA 94560-1229
Entity Owned
20-yr Hold
Free & Clear
Property ID
US09-8586914
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1966
Construction
TILT-UP CONCRETE
Total area
119,276 SF
Lot
9.93 ac (432,551 SF)
APN
92A-601-8-2
UPID
US09-8586914
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
-
Pacific Bay Dental Care Dental Office
-
Robson Specialty Inc Construction Company General Contractor
-
King Tea Cafe & Coffee Shop
-
Dr. Jamil R. Mangondato, DMD Dental Office
-
Ru Yi Herbs and acupuncture (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.00M
Owner & transaction history
Chang Income Property Ptshp · 20 yrs held
Chang Income Property Ptshp
since 2006
5 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%
$36,605,000
6.5%
$33,790,000
7%
$31,375,000
Blend value · Realmo final
$25.00M
Range $22.50M – $27.49M · ±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
$210 / 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
$258,972
Tax year 2023
Assessed value
$33,075,018
Assessed 2024
Previous assessed
$5,060,732
+553.6% YoY
Effective rate
0.78%
On assessed value
Assessed land
$12,515,910
Assessed improvement
$20,559,108
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Stories
1
Units
16
Total area
119,276 SF
Lot
9.93 ac (432,551 SF)
APN
92A-601-8-2
UPID
US09-8586914
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
4
Units
16
Lot
9.93 ac
Current owner
From public records · entity-resolved
Chang Income Property Ptshp
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 130667, CARLSBAD, CA 92013-0667
Ownership since
2006
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
Jul 20, 2006
—
Chang Income Property Ptshp
Westlake Dev Co INC
Grant Deed
—
Oct 16, 2002
—
Development Westlake
—
Deed Of Trust
related
$90,000,000 · Citicorp USA Corp
Aug 29, 2001
—
Chang Income Property Ptshp
—
Deed Of Trust
related
$59,000,000 · Citicorp USA Corp
Dec 21, 1979
$9,000
Westlake Development Company INC
—
Grant Deed
related
—
—
—
Chang Income Property Ptshp LP
—
Deed Of Trust
related
$13,100,000 · Miscellaneous Ins Co
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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