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Property profile & analytics
OFF-MARKET
Estimated value
$35,800,000
Apartment buildings
39867 Fremont Blvd Fremont, CA 94538-2679
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-6915973
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Construction
WOOD
Total area
116,650 SF
Lot
4.99 ac (217,500 SF)
APN
501-969-8-3
UPID
US09-6915973
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
-
Mosaic Fremont Apartment Apartment Complex
-
Mosaic Fremont Apartment Complex
-
Koda on Fremont Real Estate Agency
-
V Design Houz Interior Design Home Decor Store
-
MOSAIC APARTMENTS Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$35.80M
CAP Approach
CAP
$32.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$35.80M
Owner & transaction history
Hfcc Owner LLC · 2 yrs held
Hfcc Owner LLC
since 2024
Last sale
$35.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$58.7M
+42.1%
Commercial (general)
$58.1M
+40.5%
Office building
$53.2M
+28.8%
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
$35,800,000
ML approach
$35,800,000
CAP Approach
CAP Return
Estimation
6%
$34,715,000
6.5%
$32,045,000
7%
$29,755,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$41,325,000
Current use
RESTAURANT
$58,720,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$58,075,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$53,210,000
Change: +29% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$49,560,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$46,115,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$40,570,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$37,565,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$35.80M
Range $32.22M – $39.38M · ±10% · vs last sale $35.80M (Apr 25 2024)
Last sale anchor
$35.80M
Apr 25 2024
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
$307 / 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
$603,701
Tax year 2023
Assessed value
$48,256,567
Assessed 2024
Previous assessed
$47,294,745
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$20,413,650
Assessed improvement
$27,842,917
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Buildings
10
Stories
2
Units
122
Rooms
340
Bathrooms
134
Total area
116,650 SF
Lot
4.99 ac (217,500 SF)
APN
501-969-8-3
UPID
US09-6915973
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$41.3M
RESTAURANT
Est. value
$58.7M
COMMERCIAL (GENERAL)
Est. value
$58.1M
OFFICE BUILDING
Est. value
$53.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$49.6M
MEDICAL BUILDING
Est. value
$46.1M
RETAIL STORES
Est. value
$40.6M
AUTO REPAIR, GARAGE
Est. value
$37.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1970
Construction
WOOD
Heating
NONE
Stories
2
Buildings
10
Units
122
Rooms
340
Bathrooms
134
Lot
4.99 ac
Current owner
From public records · entity-resolved
Hfcc Owner LLC
Entity
Mailing address
575 MARKET ST STE #2925, SAN FRANCISCO, CA 94105-5846
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
$35,800,000
Hfcc Owner LLC
Priya Harbert Fremont I LLC
Grant Deed
$23,856,000 · Northmarq Capital LLC
Dec 17, 2020
—
Priya Harbert Fremont LLC
—
Deed
related
$38,500,000 · Vmc Lender 3 LLC
Dec 20, 2017
$43,000,000
Priya Harbert Fremont I LLC
Pur Vg Fremont Apartments LLC
Grant Deed
$37,000,000 · Miscellaneous Ins Co
Dec 9, 2016
—
Pur Vg Fremont Apartments LLC
—
Deed
related
$20,800,000 · Berkadia Com'l Mtg
Sep 30, 2014
—
Pur Vg Fremont Apartments LLC
—
Grant Deed
related
$22,900,000 · Compass Bk
Sep 3, 2014
$25,000,000
Pur Vg Fremont Apartments LLC
Village Green Propery
Grant Deed
—
Aug 25, 2014
$1,700,000
Management Affiliates INC
Markus L & M Family Trust
Grant Deed
—
Feb 20, 2014
—
Sjg Fremont Property LLC
Gordon Sharon Trust
Grant Deed
—
Dec 27, 2013
—
Sharon J Gordon
Ginsburg,reba A
Affidavit Of Death
related
—
Jun 29, 2012
—
Village Green Property
Village Green Property
Quit Claim Deed
related
$7,970,000 · First Republic Bank
Nov 27, 2007
—
Arnold Trust
Arnold Trust
Quit Claim Deed
related
—
Mar 28, 2002
—
Joseph A Cunha
Cunha,janine M
Quit Claim Deed
related
$8,000,000 · Fremont Bank
Sep 25, 1995
—
Schwartz Trust
Schwartz,frederick H
Quit Claim Deed
related
—
Apr 3, 1995
—
Anderson Trust
Anderson,len F & Freda
Quit Claim Deed
related
—
Mar 31, 1995
—
Steinberg,beverly L
Rose Schwartz Estate
Trustees Deed
related
—
—
—
Village Green Pr
—
Deed Of Trust
related
$4,650,000 · World Savings & Loan
—
—
Pur Vg Fremont Apartments LLC
—
Deed Of Trust
related
$20,800,000 · Berkadia Com'l Mtg
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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