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Property profile & analytics
OFF-MARKET
Estimated value
$13,375,000
Strip malls
40500 Albrae St Fremont, CA 94538-2448
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-9108819
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1982
Construction
TILT-UP CONCRETE
Total area
114,695 SF
Lot
7.26 ac (316,246 SF)
APN
531-240-19-4
UPID
US09-9108819
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
-
Greystone Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.38M
Owner & transaction history
Los Aromos Development LLC · 9 yrs held
Los Aromos Development LLC
since 2017
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$117 / 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
$285,512
Tax year 2023
Assessed value
$21,845,952
Assessed 2024
Previous assessed
$21,417,600
+2.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$13,312,377
Assessed improvement
$8,533,575
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Stories
1
Total area
114,695 SF
Lot
7.26 ac (316,246 SF)
APN
531-240-19-4
UPID
US09-9108819
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
Building & site characteristics
From public records
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
4
Lot
7.26 ac
Current owner
From public records · entity-resolved
Los Aromos Development LLC
Entity
Mailing address
1630 OAKLAND RD STE A215, SAN JOSE, CA 95131-2471
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
—
Los Aromos Development LLC
—
Deed
related
$17,000,000 · East West Bank
Aug 30, 2018
—
Los Aromos Dev LLC
—
Deed
related
—
Jan 20, 2017
$19,200,000
Los Aromos Development LLC
Whitestone Capital LLC
Grant Deed
$13,000,000 · Bank Sinopac Co Ltd
Jun 16, 2014
$4,000,000
Whitestone Capital LLC
Whitestone Capital LLC
Intrafamily Transfer
related
$5,000,000 · Far East National Bank
Apr 29, 2011
$11,500,000
Quince Capital LLC
California Reconveyance Co
Trustees Deed
related
—
Sep 13, 2005
—
Pacislatino Villages LLC
6000 S Corp
Grant Deed
$13,700,000 · Cathay Bank
Jun 27, 1997
—
John H Cummings
Cummings,carol A
Quit Claim Deed
related
—
Jun 27, 1997
$110,000
6000 S Corp
Cummings,john H
Trustees Deed
—
May 21, 1996
—
Collins Trust
Collins,richard B
Quit Claim Deed
related
—
—
—
6000 S Corp
—
Deed Of Trust
related
$9,800,000 · Affinity Bank
—
—
Los Aromos Dev LLC
—
Loan Modification
related
—
—
—
6000 S Corp
—
Deed Of Trust
related
$253,625 · Venture Partners INC
—
—
Quince Capital LLC
—
Deed Of Trust
related
$1,000,000 · Gbc International Bank
—
—
Richard B Collins
—
Deed Of Trust
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.
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