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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Office Spaces
35477 Dumbarton Ct, Newark, CA 94560-1100
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-8162454
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2004
Construction
TILT-UP CONCRETE
Total area
1,974 SF
Lot
4.84 ac (210,909 SF)
APN
537-855-15
UPID
US09-8162454
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
$755k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$760k
Owner & transaction history
Fazollah Zarrabi · 3 yrs held
Fazollah Zarrabi
since 2023
Last sale
$775,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$840,000
+25.3%
Medical building
$780,000
+16.6%
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
$725,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$670,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$780,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$635,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$560,000
Change: -16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$555,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $775k (Jan 10 2023)
Last sale anchor
$775k
Jan 10 2023
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
$385 / 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
$7,531
Tax year 2023
Assessed value
$790,500
Assessed 2024
Previous assessed
$568,904
+39.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$237,660
Assessed improvement
$552,840
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Bathrooms
0
Total area
1,974 SF
Lot
4.84 ac (210,909 SF)
APN
537-855-15
UPID
US09-8162454
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
OFFICE BUILDING Current
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
MEDICAL BUILDING
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$635,000
RETAIL STORES
Est. value
$560,000
COMMERCIAL (GENERAL)
Est. value
$555,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Bathrooms
0
Lot
4.84 ac
Current owner
From public records · entity-resolved
Fazollah Zarrabi
Individual
Free & Clear · 3 yrs held
Mailing address
5383 TWILIGHT CMN, FREMONT, CA 94555-2970
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
—
Fazollah Zarrabi
Fazollah Zarrabi
Deed
related
—
Jan 10, 2023
$775,000
Hong Chen
Lily Han Kim
Grant Deed
—
Jun 2, 2016
$500,000
Lily H Kim
Ha Binh & Lee Shiou Trust
Grant Deed
$375,000 · Bank Of The West
Jun 2, 2016
—
Lily H Kim
Kim,samuel D
Quit Claim Deed
related
—
Mar 20, 2013
—
Ha,binh Trust
Ha,binh D
Quit Claim Deed
related
—
Jul 5, 2012
$420,000
Shiou P Lee
Dong,norman
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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