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Property profile & analytics
FOR LEASE
Office buildings
39111 Paseo Padre Pkwy Fremont, CA 94538
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US09-7827771
For Lease
$29,190,000
39111 Paseo Padre Pkwy, Fremont, CA 94538
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
TILT-UP CONCRETE
Total area
102,672 SF
Lot
3 ac (130,700 SF)
APN
501-1130-3-1
UPID
US09-7827771
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
-
Pacific Precious Metals Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
BIS Research Inc. Advertising Agency
-
Infometry Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Crosby Law Group Law Firm
-
Winnis Chiang, MA, LMFT Family Counselor Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$29.19M
Owner & transaction history
Murco Plaza Plp · 27 yrs held
Murco Plaza Plp
since 1998
5 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$46,830,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$43,620,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$40,590,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$29.19M
Range $26.27M – $32.11M · ±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
$284 / 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
$296,463
Tax year 2023
Assessed value
$26,169,630
Assessed 2024
Previous assessed
$25,656,500
+2.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$7,395,765
Assessed improvement
$18,773,865
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
For Lease
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
3
Total area
102,672 SF
Lot
3 ac (130,700 SF)
APN
501-1130-3-1
UPID
US09-7827771
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
$46.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$43.6M
MEDICAL BUILDING
Est. value
$40.6M
OFFICE BUILDING Current
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
3
Buildings
2
Lot
3 ac
Current owner
From public records · entity-resolved
Murco Plaza Plp
Individual
Mailing address
39111 PASEO PADRE PKWY STE #319, FREMONT, CA 94538-1686
Ownership since
1998
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
Dec 31, 2007
—
Murco Plaza Partners
—
Deed Of Trust
related
$5,522,420 · Wells Fargo Bank
Oct 16, 1998
—
Murco Plaza Plp
Murco Plaza
Quit Claim Deed
related
—
Oct 20, 1997
—
Murco Plaza
—
Deed Of Trust
related
$5,077,000 · Wells Fargo Bank
Sep 30, 1993
—
Murphy Trust
Murphy,m.
Quit Claim Deed
related
—
Aug 18, 1978
—
—
—
Grant 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.
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?”
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