Back to Search
Property profile & analytics
FOR LEASE
Office buildings
3920 Smith St Union City, CA 94587
Trust Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8155661
For Lease
1 / 40
$2,060,000
3920 Smith St, Union City, CA 94587
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
WOOD
Total area
10,312 SF
Lot
0.25 ac (10,800 SF)
APN
483-10-35
UPID
US09-8155661
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
-
Coastal Maternity Care Midwife
-
Connection Cafe: A Chiropractic Center Alternative Medicine Practice
-
Hands For Life Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$2.06M
Owner & transaction history
Tipping Trust · 24 yrs held
Tipping Trust
since 2002
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 Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City 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
AUTO REPAIR, GARAGE
$3,320,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$2,925,000
Change: -16% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,890,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±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
$200 / 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
$36,940
Tax year 2023
Assessed value
$2,595,632
Assessed 2024
Previous assessed
$2,544,749
+2.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$203,498
Assessed improvement
$2,392,134
Applied tax rate
15.0000
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
2001
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Rooms
9
Bathrooms
4
Total area
10,312 SF
Lot
0.25 ac (10,800 SF)
APN
483-10-35
UPID
US09-8155661
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
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.9M
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
2001
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Rooms
9
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Tipping Trust
Trust
Mailing address
8429 WILDCAT DR, EL CERRITO, CA 94530-2560
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
—
Smith & Watkins LLC
—
Deed
related
$1,450,000 · Bank Of Marin
Jun 11, 2020
—
Smith & Watkins LLC
—
Deed
related
$1,514,000 · First Nthrn Bk/dixon
Jun 17, 2016
—
Smith & Watkins LLC
—
Deed
related
$2,200,000 · Bank Of America
May 8, 2002
—
Tipping Trust
Swason,cecil W
Grant Deed
related
—
Mar 16, 2000
—
Tipping Trust
Tipping,steven B & Zeniada L
Quit Claim Deed
related
$1,303,500 · San Jose National Bank
Sep 15, 1997
—
Tipping Trust
Tipping,steven B & Z L
Quit Claim Deed
related
—
Jul 11, 1997
—
Ronald V Esau
Esau,pamela S
Quit Claim Deed
related
—
Jun 11, 1997
$575,000
Ronald V Esau
Loyola,isabel B
Grant Deed
$175,000 · Economy Lumber Company
—
—
Smith & Watkins LLC
—
Deed Of Trust
related
$1,978,689 · Greater Bay Bank
—
—
Smith & Watkins LLC
—
Deed Of Trust
related
$1,514,000 · First Nthrn Bk/dixon
—
—
Smith & Watkins LLC
—
Deed Of Trust
related
$2,200,000 · Bank Of America
—
—
Smith & Watkins LLC
—
Deed Of Trust
related
$800,000 · Greater Bay 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?”
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.
