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Property profile & analytics
FOR LEASE
Medical Office Space
40631 Grimmer Blvd Fremont, CA 94538
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-8405379
For Lease
1 / 3
Contact for pricing
40631 Grimmer Blvd, Fremont, CA 94538
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1971
Construction
TILT-UP CONCRETE
Total area
1,590 SF
Lot
0.14 ac (5,940 SF)
APN
525-960-11-5
UPID
US09-8405379
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
-
Dr. Julia Young, DMD Dental Office
-
Dr. Daxin S. Chen, DDS Dental Office
-
Chen & Young Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$775k
Owner & transaction history
Janet Chen Young · 3 yrs held
Janet Chen Young
since 2022
Last sale
$788,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$790,000
+25.9%
Office building
$725,000
+15.4%
Neighborhood: shopping center
$675,000
+7.5%
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
$770,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$630,000
Current use
COMMERCIAL (GENERAL)
$790,000
Change: +26% · Conversion: Easy
OFFICE BUILDING
$725,000
Change: +15% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$675,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$555,000
Change: -12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$510,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $788k (Sep 20 2022)
Last sale anchor
$788k
Sep 20 2022
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
$487 / 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
$12,590
Tax year 2023
Assessed value
$1,055,659
Assessed 2024
Previous assessed
$1,034,967
+2.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$535,868
Assessed improvement
$519,791
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
For Lease
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
0
Total area
1,590 SF
Lot
0.14 ac (5,940 SF)
APN
525-960-11-5
UPID
US09-8405379
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
$630,000
COMMERCIAL (GENERAL)
Est. value
$790,000
OFFICE BUILDING
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$675,000
RETAIL STORES
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$510,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
0
Lot
0.14 ac
Current owner
From public records · entity-resolved
Janet Chen Young
Individual
Mailing address
227 VIEWPOINT DR, DANVILLE, CA 94506-1315
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
—
Janet Chen Young
Janet Chen Young
Intrafamily Transfer
related
—
Mar 9, 2006
$788,000
Janet Young
Yu,allen L & Wendy N
Grant Deed
—
Jan 27, 2006
$25,000
Allen L Yu
Yue,john Q
Quit Claim Deed
related
—
Jan 28, 2005
$500,000
Allen L Yu
Shoker,devinder S
Grant Deed
$200,000 · Bank Of America
Jan 28, 2005
—
John Q Yue
Pin,bei
Quit Claim Deed
related
—
Nov 7, 2003
$395,000
Devinder S Shoke
Mann,kanwaljit S & Suriner K
Grant Deed
—
Jun 2, 2003
$280,000
Kanwaljit S Mann
Metcalfe,maurice F
Grant Deed
$240,000 · Bank Of America
May 14, 1984
—
Maurice F Metcalfe
—
Grant Deed
related
—
Feb 1, 1976
—
—
—
Grant Deed
related
—
—
—
Maurice F Metcalfe
—
Deed Of Trust
related
$144,000 · Wells Fargo Bank
—
—
Allen L Yu
—
Deed Of Trust
related
$208,000 · Bay Area Emp Development
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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