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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Retail space
40641 Grimmer Blvd Fremont, CA 94538-2800
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-7917213
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Construction
TILT-UP CONCRETE
Total area
3,000 SF
Lot
0.22 ac (9,592 SF)
APN
525-960-11-15
UPID
US09-7917213
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.09M
Owner & transaction history
Devinder Shoker · 1 yrs held
Devinder Shoker
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+43.1%
Office building
$1.4M
+31.2%
Neighborhood: shopping center
$1.3M
+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
$1,120,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,045,000
Current use
COMMERCIAL (GENERAL)
$1,495,000
Change: +43% · Conversion: Easy
OFFICE BUILDING
$1,370,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,275,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$1,185,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$965,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.09M (Mar 12 2025)
Last sale anchor
$1.09M
Mar 12 2025
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
$363 / 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
$13,578
Tax year 2023
Assessed value
$1,153,842
Assessed 2024
Previous assessed
$1,131,226
+2.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$530,600
Assessed improvement
$623,242
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
Off-Market
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
3,000 SF
Lot
0.22 ac (9,592 SF)
APN
525-960-11-15
UPID
US09-7917213
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
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$965,000
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Devinder Shoker
Individual
Free & Clear · 1 yrs held
Mailing address
867 BOAR TER, FREMONT, CA 94539-6013
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
—
Devinder Shoker
Devinder Shoker
Deed
related
—
Feb 26, 2021
$1,087,500
Devinder S Shoker
Verra Grimmer LLC
Grant Deed
—
May 15, 2017
—
Veera Grimmer LLC
Aggarwal Rohit & P Trust
Quit Claim Deed
—
Nov 18, 2016
$900,000
Aggarwal,rohit & Prerna Trust
Bernstein 2010 Trust
Grant Deed
—
Jun 15, 2010
—
Bernstein 2010 Trust
Bernstein 1999 Trust
Quit Claim Deed
related
—
Jan 26, 2000
—
Bernstein Trust
Bernstein,anatoly & Polina
Quit Claim Deed
related
—
Oct 22, 1992
$250,000
Anatoly Bernstein
Forney,wilfred&b
Grant Deed
$225,000 · Truckee River Bank
Oct 14, 1992
—
Wilfred Forney
Forney W.&b. Tru
Quit Claim Deed
related
—
—
—
Anatoly Bernstein
—
Deed Of Trust
related
$205,000 · Fremont Bank
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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