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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Office buildings
38350 Fremont Blvd Fremont, CA 94536-6060
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-7876498
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
WOOD
Total area
7,074 SF
Lot
0.35 ac (15,137 SF)
APN
501-1635-7-4
UPID
US09-7876498
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
-
StarBrite Dental Dental Office
-
Gupshup Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Munira Lokhandwala, DDS FICOI Dental Office
-
Farmers Insurance - Avtarbir Singh Insurance Agency
-
Verma Dharmesh Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Nelson Kim Fai Tsang & Nancy N · 7 yrs held
Nelson Kim Fai Tsang & Nancy N
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+10.4%
Commercial (general)
$3.5M
+9.1%
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 Fremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fremont 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
OFFICE BUILDING
$3,225,000
Current use
RESTAURANT
$3,560,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,520,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,005,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$2,795,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±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
$313 / 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
$27,417
Tax year 2023
Assessed value
$2,113,634
Assessed 2024
Previous assessed
$2,072,199
+2.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$607,254
Assessed improvement
$1,506,380
Applied tax rate
12.0000
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
1990
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
7,074 SF
Lot
0.35 ac (15,137 SF)
APN
501-1635-7-4
UPID
US09-7876498
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
$3.2M
RESTAURANT
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Nelson Kim Fai Tsang & Nancy N
Individual
Mailing address
531 W ESPLANADE DR, TRACY, CA 95391-1283
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2018
—
Nelson Kim Fai Tsang & Nancy N
Tsang,nelson K F & Nancy N C
Quit Claim Deed
related
—
Oct 17, 2016
—
Picker Family Trust
Picker,amos
Quit Claim Deed
related
—
Jun 23, 2014
—
Amos Picker
Picker,amos & Frances S
Quit Claim Deed
related
—
Jun 23, 2014
$633,500
Amos Picker
Ashwani K Bindal
Grant Deed
$350,722 · Us Bank NA
May 6, 2005
—
Bindal Family Trust
Bindal,ashwani
Quit Claim Deed
related
—
Aug 20, 2001
$1,475,000
Amos Picker
Ritter,terry L & Shamim S
Grant Deed
$120,500 · Terry L & Shamim S
Sep 6, 1995
$77,272
Terry L Ritter
Executive Financing & Inv INC
Grant Deed
related
—
Jul 29, 1994
—
Executive Financint & Inv INC
Ritter,terry L &
Grant Deed
related
—
Mar 28, 1994
—
Terry L Ritter
Ritter,terry L
Quit Claim Deed
related
—
Feb 8, 1994
—
Terry L Ritter
Ritter,shamim S
Quit Claim Deed
related
—
Sep 30, 1992
$800,000
Terry Ritter
American Bank An
Grant Deed
$640,000 · American Bank
May 15, 1992
—
American Bank And Trust Co
T D Service Comp
Trustees Deed
related
—
Nov 27, 1989
$150,000
Obeid
Singh,b.&i.
Grant Deed
—
Oct 14, 1988
$85,000
Starkweath Obeid
Fremont Eggers O
Trustees Deed
—
—
—
Starkweath Obeid
—
Deed Of Trust
related
$85,000 · Individual
—
—
Amos Picker
—
Deed Of Trust
related
$656,000 · Us Bank NA
—
—
Terry L Ritter
—
Deed Of Trust
related
$900,000 · Us Bank
—
—
Obeid
—
Deed Of Trust
related
$150,000 · Individual
—
—
Ridge Esta Eagle
—
Deed Of Trust
related
$117,000 · Scorpion One Cor
—
—
Vallejo I Rancho
—
Deed Of Trust
related
$100,000 · Individual
—
—
Obeid
—
Deed Of Trust
related
$81,000 · Rancho Vallejo C
—
—
Obeid
—
Deed Of Trust
related
$117,000 · Scorpion One
—
—
Obeid
—
Deed Of Trust
related
$750,000 · Amerb&trust Comp
—
—
Obeid
—
Deed Of Trust
related
$25,000 · Individual
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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