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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Medical Office Space
39225 State St Fremont, CA 94538-1437
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-7827555
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
WOOD
Total area
4,270 SF
Lot
0.1 ac (4,265 SF)
APN
501-1815-2
UPID
US09-7827555
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
-
Medical Associates of Fremont Medical Clinic
-
My Fremont Doctor Medical Clinic
-
Tilley Spencer B MD Pediatrician Physician
-
Tilley Subena K DO Pediatrician Physician
-
Subena Kaur Mahal Tilley, DO Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
$955k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Mahal Trust 3 · 5 yrs held
Mahal Trust 3
since 2021
Last sale
$980,000
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 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
$1,165,000
ML approach
$1,165,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$890,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,690,000
Current use
RETAIL STORES
$1,485,000
Change: -12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,375,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $980k (Jan 20 2021)
Last sale anchor
$980k
Jan 20 2021
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
$246 / 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
$20,085
Tax year 2023
Assessed value
$1,545,215
Assessed 2024
Previous assessed
$1,514,922
+2.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$219,938
Assessed improvement
$1,325,277
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Total area
4,270 SF
Lot
0.1 ac (4,265 SF)
APN
501-1815-2
UPID
US09-7827555
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
MEDICAL BUILDING Current
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1981
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Mahal Trust 3
Trust
Mailing address
965 YAKIMA DR, FREMONT, CA 94539-7210
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2021
—
Mahal Trust 3
Mahal Family Trust
Quit Claim Deed
related
—
Mar 9, 2017
—
Mahal Family Trust
—
Deed
related
$500,000 · Fremont Bk
Jan 9, 2001
$980,000
Mahal Trust
Whalen,edward J & Beverly A
Grant Deed
$686,000 · Fremont Bank
Nov 21, 1997
—
Edward J Whalen
Whalen,edward J & Beverly A
Quit Claim Deed
related
$305,000 · Fremont Bank
Jul 18, 1991
$79,000
Edward Whalen
Whalen,e./morton
Grant Deed
related
—
—
—
Mahal Family Trust
—
Deed Of Trust
related
$500,000 · Fremont Bk
—
—
Mahal Family Trust
—
Deed Of Trust
related
$500,000 · Fremont Bk
—
—
Mahal Family Trust
—
Loan Modification
related
$500,000 · Fremont Bk
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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