New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,915,000
Office buildings
37053 Cherry St, Newark, CA 94560-3776
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US09-8304882
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
WOOD
Total area
22,204 SF
Lot
0.96 ac (41,833 SF)
APN
92-50-13
UPID
US09-8304882
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
-
MA Limousine & Transportation Worldwide Freight Service Logistics Company
-
A American Driving School Training Center Vocational School
-
Momentum Construction Construction Company
-
Dougherty Michele J Foster Care Service Social Service Agency
-
European Motors Group Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.92M
Owner & transaction history
Jupiter Investments LLC · 18 yrs held
Jupiter Investments LLC
since 2008
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,300,000
Change: -16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,220,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$3.92M
Range $3.52M – $4.31M · ±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
$176 / 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
$46,221
Tax year 2023
Assessed value
$4,001,902
Assessed 2024
Previous assessed
$3,923,445
+2.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,792,650
Assessed improvement
$2,209,252
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
54
Total area
22,204 SF
Lot
0.96 ac (41,833 SF)
APN
92-50-13
UPID
US09-8304882
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
RETAIL STORES
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.2M
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
1982
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
54
Lot
0.96 ac
Current owner
From public records · entity-resolved
Jupiter Investments LLC
Entity
Mailing address
2175 FRANCISCO BLVD E STE A, SAN RAFAEL, CA 94901-5524
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2008
$3,170,000
Jupiter Investments LLC
Thomas P O'toole
Grant Deed
$1,500,000 · Washington Mutual Bank
Jul 1, 2008
—
Thomas P O'toole
Pessin,john E
Affidavit Of Death
related
—
Aug 11, 2006
—
Pessin J E 2006 Living Trust
Pessin,john
Quit Claim Deed
related
—
Jul 25, 2006
—
John E Pessin
Cherry Street Plaza LLC
Grant Deed
$1,900,000 · Banco Popular North America
Apr 7, 2003
—
Cherry Street Plaza LLC
Gaines,floyd & Arvilla
Grant Deed
$1,100,000 · Ubs Warburg Real Estate Inv
Oct 2, 2000
$1,325,000
Floyd Gaines
Strickler Family Cherry Plaza
Grant Deed
$950,000 · Imperial Capital Bank
Jul 27, 2000
—
Strickler Family Cherry Plaza
Strickler Family Partnership
Quit Claim Deed
related
—
Mar 14, 1984
$1,200,000
Strickler Family Partnership & Hanco
Jonas,sam
Grant Deed
—
—
—
Strickler Family
—
Deed Of Trust
related
$750,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 37053 Cherry St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
