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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Warehouses
38503 Cherry St Newark, CA 94560-4717
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8991223
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
WOOD FRAME
Total area
3,200 SF
Lot
3.42 ac (148,972 SF)
APN
92A-2300-9
UPID
US09-8991223
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
-
Bennett Carpet Cleaning Service General Contractor Carpet & Flooring Store
-
Mainfreight San Francisco Transport Trucking Company
-
R.B HIGH TECH TRNSPORT / TRANSPAK Freight Service Logistics Company
-
LGW Freight Service Logistics Company
-
Rocky Solutions Inc Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$946k
Blend (final)
Blend
$715k
Owner & transaction history
Cherry Street Ca Dct · 20 yrs held
Cherry Street Ca Dct
since 2006
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+69.2%
Auto repair, garage
$1.0M
+60.7%
Retail stores
$910,000
+41.6%
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
$445,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$750,000
7%
$700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$640,000
Current use
OFFICE BUILDING
$1,085,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,030,000
Change: +61% · Conversion: Easy
RETAIL STORES
$910,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$895,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$223 / 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
$67,133
Tax year 2024
Assessed value
$5,702,186
Assessed 2024
Previous assessed
$5,702,186
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$5,702,186
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
3,200 SF
Lot
3.42 ac (148,972 SF)
APN
92A-2300-9
UPID
US09-8991223
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
$640,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$895,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1969
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
3.42 ac
Current owner
From public records · entity-resolved
Cherry Street Ca Dct
Individual
Free & Clear · 20 yrs held
Mailing address
1800 WAZEE ST, DENVER, CO 80202-1577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2006
—
Cherry Street Ca Dct
Cabot Industrial Venture B LLC
Grant Deed
—
Jul 3, 2003
—
Cabot Industrial Venture B LLC
Cp Cherry Newark LLC
Grant Deed
$238,700 · Archon Financial LP
Dec 3, 1996
—
Whsum Real Estate LP
—
Deed Of Trust
related
$87,241,355 · General Electric Capital Corp
Nov 20, 1996
—
Whsum Real Estate LP
Lincoln Trust
Grant Deed
related
—
Nov 19, 1996
—
Lincoln Property Co No 1368
Lincoln Newark
Quit Claim Deed
related
—
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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