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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Office buildings
38665 Fremont Blvd Fremont, CA 94536-6034
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-7870965
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Construction
TILT-UP CONCRETE
Total area
4,000 SF
Lot
0.45 ac (19,736 SF)
APN
501-900-19
UPID
US09-7870965
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
-
A-California Driving School Training Center Vocational School
-
Nearby Auto Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Nitro Car Sales Inc Car Dealership
-
Miles4Less Car Rental Facility
-
East Bay Auto & Sales LLC Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.33M
CAP Approach
CAP
$2.40M
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.25M
Owner & transaction history
Bay Auto Of Gallos De Los Carros · 5 yrs held
Bay Auto Of Gallos De Los Carros
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+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
$2,400,000
ML approach
$2,330,000
CAP Approach
CAP Return
Estimation
6%
$2,600,000
6.5%
$2,400,000
7%
$2,230,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,825,000
Current use
COMMERCIAL (GENERAL)
$1,990,000
Change: +9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,700,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$1,580,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10% · vs last sale $1.89M (Dec 4 2020)
Last sale anchor
$1.89M
Dec 4 2020
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
$561 / 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
$23,378
Tax year 2023
Assessed value
$2,005,668
Assessed 2024
Previous assessed
$1,966,356
+2.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,241,604
Assessed improvement
$764,064
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
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
4,000 SF
Lot
0.45 ac (19,736 SF)
APN
501-900-19
UPID
US09-7870965
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
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING Current
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
1957
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Bay Auto Of Gallos De Los Carros
Individual
Mailing address
37978 MANZANITA ST, NEWARK, CA 94560-4346
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2020
$1,890,000
Bay Auto Of Gallos De Los Carros
Rose Robert M Living Trust
Grant Deed
—
Dec 4, 2020
—
Rose,michael Tr
Robert M Rose
Affidavit Of Death
related
—
Aug 30, 2019
—
Rose,robert M Living Trust
—
Deed
related
$850,000 · Heritage Bk/commerce
Sep 22, 2016
$1,375,000
Rose,robert M Living Trust
Universal Investments
Grant Deed
$500,000
Jun 9, 1988
$83,000
Robert&j Danskin
Danskin,robert&j
Grant Deed
related
—
Sep 29, 1978
—
Universal Investments
—
Grant Deed
related
—
—
—
S. Anderson
—
Deed Of Trust
related
$60,000 · North Western Mo
—
—
John R Lynch Trust
—
Deed Of Trust
related
$23,000 · Individual
—
—
Universal Investments
—
Deed Of Trust
related
$100,000 · Individual
—
—
Universal Invest
—
Deed Of Trust
related
$300,000 · Comm Bank Fremont
—
—
Joseph Visconti
—
Deed Of Trust
related
$124,000 · Great Western Bank
—
—
J. Lynch
—
Deed Of Trust
related
$25,000 · Individual
—
—
Estate Of Max D
—
Deed Of Trust
related
$25,000 · Individual
—
—
Lynch,j. Trustee
—
Deed Of Trust
related
$23,000 · Individual
—
—
Rose,robert M Living Trust
—
Deed Of Trust
related
$850,000 · Heritage Bk/commerce
—
—
Bender A.
—
Deed Of Trust
related
$11,000 · Individual
—
—
Bender A.
—
Deed Of Trust
related
$20,000 · Individual
—
—
A. Bender L. Bender
—
Deed Of Trust
related
$10,000 · Amc Financial Grou
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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