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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Super regional malls
39165 Cedar Blvd Newark, CA 94560-5001
Entity Owned
8-yr Hold
Free & Clear
Property ID
US09-9265691
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1993
Construction
TILT-UP CONCRETE
Total area
4,488 SF
Lot
0.46 ac (19,994 SF)
APN
901-188-7
UPID
US09-9265691
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
-
Pep Boys (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Mowry Cedar Inv Group LLC · 8 yrs held
Mowry Cedar Inv Group LLC
since 2018
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,375,000
6.5%
$1,270,000
7%
$1,180,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,905,000
Current use
MEDICAL BUILDING
$1,775,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±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
$283 / 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
$25,613
Tax year 2023
Assessed value
$2,175,225
Assessed 2024
Previous assessed
$2,132,578
+2.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,338,600
Assessed improvement
$836,625
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
4,488 SF
Lot
0.46 ac (19,994 SF)
APN
901-188-7
UPID
US09-9265691
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Mowry Cedar Inv Group LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1838 N MILPITAS BLVD, MILPITAS, CA 95035-2714
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2018
$1,950,000
Mowry Cedar Inv Group LLC
Bhatnagar,mridula
Grant Deed
—
Jan 29, 2013
—
Mridula Bhatnagar
Bhatnagar,deepak
Quit Claim Deed
related
—
Jan 29, 2013
$850,000
Mridula Bhatnagar
Picollo P I & M L Trust
Grant Deed
$680,000 · Bank Of America
Jul 19, 2011
—
Dimiceli Toni A Trust
Dimiceli,toni A
Quit Claim Deed
related
—
Feb 14, 2011
—
Picollo Pete I & Mary L Trust
Picollo Pete I & M L Trust
Quit Claim Deed
related
—
Dec 24, 2009
—
Leonard S Marinello
Marinello Family Trust
Quit Claim Deed
related
—
Jul 27, 2009
—
Picollo Pete I & M L Trust
Picollo,peter
Quit Claim Deed
related
—
Jul 22, 1998
—
Peter Picollo
Picollo,mary L
Quit Claim Deed
related
—
Jul 22, 1998
$1,100,000
Picollo,peter
Schrager,hubert I & Marion
Trustees Deed
—
Nov 9, 1993
$1,030,000
Hubert Schrager
Ssb Properties I
Grant Deed
—
May 21, 1992
$426,500
Ssb Properties Co
Reliance Loan Co
Grant Deed
—
—
—
Ssb Properties Co
—
Deed Of Trust
related
$875,000 · Individual
—
—
Michael Martinez
—
Deed Of Trust
related
$250,000 · Individual
—
—
Schager Trust
—
Deed Of Trust
related
$500,000 · Bay View Federal Bank
—
—
Reliance Loan Co
—
Deed Of Trust
related
$262,000 · 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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