Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,185,000
Warehouses
38491 Fremont Blvd Fremont, CA 94536-6030
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8218325
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Construction
TILT-UP CONCRETE
Total area
64,740 SF
Lot
2.86 ac (124,583 SF)
APN
501-900-18
UPID
US09-8218325
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
-
Extra Space Storage Storage Facility
-
Vedu school High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.61M
CAP Approach
CAP
$8.65M
Comparable Approach
Comparable
$8.30M
Blend (final)
Blend
$9.19M
Owner & transaction history
Gte Mobilnet Californi
Gte Mobilnet Californi
since 2025
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 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
$10,605,000
CAP Approach
CAP Return
Estimation
6%
$9,370,000
6.5%
$8,650,000
7%
$8,035,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,355,000
Current use
Blend value · Realmo final
$9.19M
Range $8.27M – $10.10M · ±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
$142 / 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
$237,894
Tax year 2024
Assessed value
$20,808,000
Assessed 2024
Previous assessed
$20,808,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$7,782,192
Assessed improvement
$13,025,808
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
645
Total area
64,740 SF
Lot
2.86 ac (124,583 SF)
APN
501-900-18
UPID
US09-8218325
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
WAREHOUSE, STORAGE Current
Est. value
$14.4M
WAREHOUSE, STORAGE Current
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
1985
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
645
Lot
2.86 ac
Current owner
From public records · entity-resolved
Gte Mobilnet Californi
Individual
Mailing address
11301 W OLYMPIC BLVD #840, LOS ANGELES, CA 90064-1653
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 29, 2026
—
38491 Fremont Blvd LLC
—
Deed
related
—
Sep 26, 2025
—
Gte Mobilnet Californi
University Village Investors LLC
Deed
—
May 22, 2023
—
Gte Mobilnet California LP
University Village Investors LLC
Lease
—
May 20, 2022
$20,000,000
University Village Investors LLC
875 Woodside LLC
Grant Deed
$12,750,000 · Axos Bank
Dec 20, 2019
—
875 Woodside LLC
—
Deed
related
$11,000,000 · Opus Bank
Jul 11, 2018
$12,300,000
875 Woodside LLC
Lock-it-up Partners 1986 I
Grant Deed
$8,000,000 · Avidbank
Jun 24, 1983
$544,500
—
—
Grant Deed
related
—
—
—
Lock-it-up Partners 1986 I LP
—
Deed Of Trust
related
$2,200,000 · Community First Bank
—
—
Partners 1986 I Lock-it-up
—
Deed Of Trust
related
$3,775,000 · First Republic 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 38491 Fremont Blvd?
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.
