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Property profile & analytics
OFF-MARKET
Estimated value
$9,565,000
Flex space
37444 Sycamore St Newark, CA 94560-3900
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9268850
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
55,615 SF
Lot
2.75 ac (119,676 SF)
APN
92-67-8-3
UPID
US09-9268850
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
-
WM Landscaping Landscaping General Contractor
-
Milliflect Industrial Manufacturer
-
Guaranteed Products (Bike/Boat/Book/etc) Store
-
K & S Automotive Auto Repair Shop
-
Worx Kustomz Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.24M
Comparable Approach
Comparable
$9.41M
Blend (final)
Blend
$9.57M
Owner & transaction history
Newark Industrial Park LLC · 1 yrs held
Newark Industrial Park LLC
since 2025
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$15.8M
+5.5%
Commercial (general)
$15.6M
+4.1%
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%
$11,095,000
6.5%
$10,240,000
7%
$9,510,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,955,000
Current use
RETAIL STORES
$15,780,000
Change: +6% · Conversion: Moderate
COMMERCIAL (GENERAL)
$15,575,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$9.57M
Range $8.61M – $10.52M · ±10% · vs last sale $9.30M (Oct 17 2024)
Last sale anchor
$9.30M
Oct 17 2024
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
$172 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$56,003
Tax year 2024
Assessed value
$4,551,240
Assessed 2024
Previous assessed
$4,551,240
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,072,087
Assessed improvement
$1,479,153
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
3
Stories
1
Total area
55,615 SF
Lot
2.75 ac (119,676 SF)
APN
92-67-8-3
UPID
US09-9268850
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
INDUSTRIAL (GENERAL) Current
Est. value
$15.0M
RETAIL STORES
Est. value
$15.8M
COMMERCIAL (GENERAL)
Est. value
$15.6M
INDUSTRIAL (GENERAL) Current
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
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
3
Lot
2.75 ac
Current owner
From public records · entity-resolved
Newark Industrial Park LLC
Entity
Mailing address
1256 HOWARD ST, SAN FRANCISCO, CA 94103-2712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 17, 2025
$9,300,000
Newark Industrial Park LLC
37444 Sycamore LLC
Grant Deed
$5,610,000 · Five Star Bank
Jun 27, 2018
—
37444 Sycamore LLC
Sst Investments LLC
Quit Claim Deed
$3,200,000 · Miscellaneous Ins Co
Jul 27, 2016
$4,000,000
Sst Investments LLC
G-m Dev Co LP
Grant Deed
—
Mar 18, 2004
—
G-m Development Co LP
Rutschow,joseph T
Grant Deed
$1,900,000 · Borel Private Bank & Trust Co
Sep 26, 1997
$942,500
G-m Dev Co Ltd Partnership
Grossi,philip A
Quit Claim Deed
related
—
Sep 26, 1997
—
G-m Dev Co Ltd Partnership
Rutschow Trust
Quit Claim Deed
related
—
Jun 6, 1997
—
Rutschow Trust
Rutschow,joseph F
Quit Claim Deed
related
—
—
—
Joseph F Rutschow
—
Deed Of Trust
related
$250,000 · Commercial Pacific Bank
—
—
G-m Development Co
—
Deed Of Trust
related
$1,505,000 · Imperial Capital 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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