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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Strip malls
35204 Newark Blvd Newark, CA 94560-1222
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-8652756
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
TILT-UP CONCRETE
Total area
5,044 SF
Lot
0.46 ac (20,000 SF)
APN
92A-720-18
UPID
US09-8652756
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
-
Fairwood Cafe Restaurant Take-out & Catering
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.43M
Owner & transaction history
Dong W Lee · 10 yrs held
Dong W Lee
since 2016
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%
$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
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$283 / 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
$57,784
Tax year 2023
Assessed value
$3,684,778
Assessed 2024
Previous assessed
$3,612,546
+2.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$2,524,218
Assessed improvement
$1,160,560
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
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
3
Total area
5,044 SF
Lot
0.46 ac (20,000 SF)
APN
92A-720-18
UPID
US09-8652756
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
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
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
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
3
Lot
0.46 ac
Current owner
From public records · entity-resolved
Dong W Lee
Individual
Mailing address
83 DONALD DR, ORINDA, CA 94563-3649
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
—
Ldw Properties LLC
—
Deed
related
$1,180,850 · 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
$2,475,000 · 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
$360,000 · East West Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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