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Property profile & analytics
OFF-MARKET
Estimated value
$25,250,000
Life science properties
40737 Encyclopedia Cir Fremont, CA 94538-2451
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9108824
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1998
Construction
TILT-UP CONCRETE
Total area
81,485 SF
Lot
4.99 ac (217,220 SF)
APN
531-413-19-1
UPID
US09-9108824
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
$25.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$25.25M
Owner & transaction history
Arc Encyclopedia LLC · 2 yrs held
Arc Encyclopedia LLC
since 2024
Last sale
$25.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$41.0M
+24.4%
Commercial (general)
$40.6M
+23.0%
Office building
$37.2M
+12.7%
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
$25,250,000
ML approach
$25,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$32,975,000
Current use
RESTAURANT
$41,020,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$40,565,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$37,170,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$34,620,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$32,215,000
Change: -2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$28,865,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$28,340,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$25.25M
Range $22.73M – $27.78M · ±10% · vs last sale $25.25M (Feb 2 2024)
Last sale anchor
$25.25M
Feb 2 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
$310 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$245,781
Tax year 2024
Assessed value
$21,194,500
Assessed 2024
Previous assessed
$21,194,500
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$7,250,750
Assessed improvement
$13,943,750
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
81,485 SF
Lot
4.99 ac (217,220 SF)
APN
531-413-19-1
UPID
US09-9108824
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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$33.0M
RESTAURANT
Est. value
$41.0M
COMMERCIAL (GENERAL)
Est. value
$40.6M
OFFICE BUILDING
Est. value
$37.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$34.6M
MEDICAL BUILDING
Est. value
$32.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.9M
RETAIL STORES
Est. value
$28.3M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
4.99 ac
Current owner
From public records · entity-resolved
Arc Encyclopedia LLC
Entity
Mailing address
700 S FLOWER ST STE #580, LOS ANGELES, CA 90017-4243
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
$25,250,000
Arc Encyclopedia LLC
Trpf Wc Industrial LLC
Grant Deed
$13,500,000 · Rga Reinsurance Company
Jun 11, 2018
$19,000,000
Trpf Wc Industrial LLC
G & I Ix 40737 Encyclopedia LP
Grant Deed
—
Jan 24, 2017
$13,069,000
G & I Ix 40737 Encyclopedia LP
Cabot II-ca2w01 LLC
Grant Deed
$738,530,000 · Royal Bk/canada
Sep 23, 2005
—
Cabot II Ca2w01 LLC
Nguyen Family 1995 Trust
Grant Deed
—
Sep 29, 2000
$7,249,500
Nguyen Trust
Meskimen Trust
Grant Deed
$6,103,671 · Bank Of The West
—
—
Cabot II-ca2w01 LLC
—
Deed Of Trust
related
$53,000,000 · Teachers Insurance & Annuity
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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