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Property profile & analytics
OFF-MARKET Estimated value $1,900,000
Retail space

37981 Niles Blvd Fremont, CA 94536

5,510 SF 0.52 ac lot Built 1986
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US09-8421192
Property summary
AI-generated overview

This exceptional 900-square-foot retail space is ideally situated at 37981 Niles Boulevard in Fremont, California, 94536. The property boasts a single-tenant occupancy, offering a blank canvas for a variety of commercial ventures. Built in 1984, the building sits on a sizable 0.52-acre lot, providing ample space and potential for outdoor displays or expansion. The property features 19 parking spaces, ensuring convenient access for customers and employees. The zoning designation is Commercial General with Historical Overlay (CG HOD), offering flexibility within the established historical context of the area. Located in Alameda County, this property benefits from excellent visibility and accessibility, making it an attractive opportunity for businesses seeking a high-traffic location. The entire 900 square feet is currently vacant, presenting a unique chance to customize the space to perfectly suit your business needs. This is a rare opportunity to establish a presence in a thriving Fremont commercial district. The property's size and location make it suitable for a wide range of retail uses, from boutiques and cafes to service-oriented businesses. The ample parking further enhances its appeal to potential customers. Don't miss this chance to secure a prime retail location in a desirable area.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1986
Construction WOOD
Total area 5,510 SF
Lot 0.52 ac (22,845 SF)
APN 507-160-3-3
UPID US09-8421192
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
$1.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.36M
Blend (final) Blend
$1.90M
Owner & transaction history
Mission Niles LLC · 2 yrs held
Mission Niles LLC
since 2024
Last sale
$1.9M
7 recorded transactions
2024
$1.9M
1996
$147,000
1996
$428,500
1996
$30,000
1996
$2,000
1996
$499,500
1996
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.8M +44.7%
Commercial (general) $2.7M +43.1%
Office building $2.5M +31.2%
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