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    35204 Newark Blvd Newark, CA 94560-1222
    Property profile & analytics

    35204 Newark Blvd, Newark, CA 94560-1222

    View on Map
    • Strip malls
    • 5,044 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US09-8652756
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,425,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fairwood Cafe / Restaurant / Take-out & Catering
    • ATM / Atm

    Property Details for 35204 Newark Blvd

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    0.46 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    92A-720-18
    APU
    92A72018

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 29, 2021 — Ldw Properties LLC — Deed · related $1.2M · Bank Of The West
    Mar 22, 2016 — Dong W Lee Jang,eun Y Quit Claim Deed · related —
    Mar 22, 2016 $3,175,000 Woon Lee Dong Kathleen Shiu Man Ue Grant Deed $2.5M · Jpmorgan Chase Bank NA
    Nov 2, 2015 — Achuck,kenneth W & E W Trust Achuck K W & E W Trust Quit Claim Deed · related —
    May 11, 2009 — Ue Kathleen S Trust Ue,kathleen S Quit Claim Deed · related —
    Oct 5, 2006 — Achuck Kenneth W & E W Trust Achuck,kenneth W & Eleanor W Quit Claim Deed · related —
    Feb 5, 2003 — Achuck,tr Achuck,kenneth W & Eleanor W Quit Claim Deed · related —
    Oct 27, 1995 — Ue Trust Ue,corinna S Quit Claim Deed · related —
    May 17, 1995 — Achuck Trust Achuck,kenneth W & Eleanor W Quit Claim Deed · related —
    Jun 29, 1994 — Kathleen S Ue Ue,kathleen S Quit Claim Deed · related —
    — — Ue,tr — Deed Of Trust · related $360k · East West Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,550,000
      6.5%
      $1,430,000
      7%
      $1,325,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,145,000
      Current use
      MEDICAL BUILDING
      $1,995,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Alameda
    State
    California
    Longitude
    -122.046
    Latitude
    37.5492
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $57,784
    $2,524,218
    $1,160,560
    $3,684,778
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,720,000
      23,634 SF

      5454 Central Ave

      SHOPPING CENTER, STRIP CENTER
      5454 Central Ave, Newark, CA 94560
      View Details
    • Value Estimation
      $3,090,000
      11,000 SF

      35000 Newark Blvd

      SHOPPING CENTER, STRIP CENTER
      35000 Newark Blvd, Newark, CA 94560
      View Details
    • Value Estimation
      $9,465,000
      35,261 SF

      39700 Cedar Blvd

      SHOPPING CENTER, STRIP CENTER
      39700 Cedar Blvd, Newark, CA 94560-5360
      View Details
    • Value Estimation
      $3,565,000
      14,680 SF

      7320 Thornton Ave

      SHOPPING CENTER, STRIP CENTER
      7320 Thornton Ave, Newark, CA 94560
      View Details
    • Value Estimation
      $6,705,000
      58,828 SF

      36601 Newark Blvd

      SHOPPING CENTER, STRIP CENTER
      36601 Newark Blvd, Newark, CA 94560-3056
      View Details
    • Value Estimation
      $1,500,000
      9,202 SF

      6170 Thornton Ave

      SHOPPING CENTER, STRIP CENTER
      6170 Thornton Ave, Newark, CA 94560-3700
      View Details

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      Turn Key Office Opportunity

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    Similar Nearby for Lease

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      Retail space available in high-traffic Newark location.
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      1,073 SF

      Retail Space in Newark Center

      Retail space available in shopping center anchored by Safeway.
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    • Contact for pricing
      4,200 SF

      Drive-Through Restaurant Opportunity

      Drive-through restaurant space with highway access and ample parking.
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      View Details
    • Contact for pricing
      3,936 SF

      Turnkey Restaurant Space Near Mall

      Restaurant space available in mixed-use development near NewPark Mall.
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      Industrial Flex Warehouse Unit

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    • Contact for pricing
      3,385 SF

      Newark Retail/Showroom Space Available

      Retail/showroom space with frontage on Cedar Boulevard.
      37420 Cedar Blvd, Newark, CA 94560
      View Details
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    Newark, CA 94560-1222
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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