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Property profile & analytics
FOR LEASE
Retail space
40501 Fremont Blvd Fremont, CA 94538
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-7917371
For Lease
1 / 2
$1,435,000
40501 Fremont Blvd, Fremont, CA 94538
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
WOOD
Total area
4,320 SF
Lot
0.28 ac (12,400 SF)
APN
525-960-1-87
UPID
US09-7917371
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
-
Harrison Marjorie DC Alternative Medicine Practice
-
La Brea Bagel Co (Bike/Boat/Book/etc) Store Bakery
-
For Paws Spay & Neuter Clinic Veterinary Clinic
-
Candice Beauty Salon and hair cuts - best Men and Women Hair Cutting in Fremont Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.44M
Owner & transaction history
Rkms Investments LLC · 4 yrs held
Rkms Investments LLC
since 2021
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+43.1%
Office building
$2.0M
+31.2%
Neighborhood: shopping center
$1.8M
+22.2%
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
$1,355,000
ML approach
$1,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,500,000
Current use
COMMERCIAL (GENERAL)
$2,150,000
Change: +43% · Conversion: Easy
OFFICE BUILDING
$1,970,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,835,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$1,710,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,390,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.40M (Aug 5 2021)
Last sale anchor
$1.40M
Aug 5 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
$332 / 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
$16,917
Tax year 2023
Assessed value
$1,456,560
Assessed 2024
Previous assessed
$1,428,000
+2.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$905,148
Assessed improvement
$551,412
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1966
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
4
Total area
4,320 SF
Lot
0.28 ac (12,400 SF)
APN
525-960-1-87
UPID
US09-7917371
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
RETAIL STORES Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1966
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
4
Lot
0.28 ac
Current owner
From public records · entity-resolved
Rkms Investments LLC
Entity
Mailing address
34501 7TH ST, UNION CITY, CA 94587-3673
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2021
$1,400,000
Rkms Investments LLC
Dennis Bruce Cunningham
Grant Deed
$995,000 · Silicon Valley Bank
Jan 29, 2021
—
Marcia E C Starcher
Cunningham Trust
Quit Claim Deed
related
—
Aug 4, 2020
—
Richard & Marcia Starche Trust
Richard L Starcher
Quit Claim Deed
related
—
Apr 1, 1985
—
Cunningham,rollin P|cunningham,elaine J Tr
—
Warranty Deed
related
—
Nov 6, 1961
—
—
—
Grant Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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