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    40815 Fremont Blvd Fremont, CA 94538
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    Property profile & analytics

    40815 Fremont Blvd, Fremont, CA 94538

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    • Strip malls
    • 23,231 SF
    • 1.82 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Fremont Retail Space Available For Lease
    $25 SF/Yr
    1,150 SF

    Fremont Retail Space Available

    Retail space available for lease in Fremont, California.

    40815 Fremont Blvd, Fremont, CA
    View Listing
    Property ID
    US09-8325057
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 40815 Fremont Blvd

    Year built
    1989
    Construction
    WOOD
    Lot size
    1.82 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    525-670-14-2
    APU
    525670142

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 26, 2008 — Irvington Palms Plaza LLC Checchio,joseph Grant Deed $4M · Bank Of America
    Aug 21, 2007 — Checchio Family Trust Checchio,joseph Quit Claim Deed · related —
    Feb 23, 2005 $667,500 Maguire Family Trust Gonzales 2001 Trust Grant Deed —
    Dec 28, 2004 — Maguire Family Trust Fremont Land Investment Group Grant Deed · related —
    Mar 28, 2000 — Fremont Land Investment Group Irvington Palms Plaza Grant Deed $2.5M · Citibank Fsb
    — — Irvington Palms — Deed Of Trust · related $3M · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fremont
    County
    Alameda
    State
    California
    Longitude
    -121.963
    Latitude
    37.5339
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $122,130
    $2,903,589
    $6,943,365
    $9,846,954
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      5605 Auto Mall Pkwy

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    • Value Estimation
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      114,695 SF

      40500 Albrae St

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      40500 Albrae St, Fremont, CA 94538-2448
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    • Value Estimation
      $1,280,000
      10,800 SF

      5339 Mowry Ave

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      5339 Mowry Ave, Fremont, CA 94538
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    • Value Estimation
      $1,500,000
      12,700 SF

      40900 Fremont Blvd

      SHOPPING CENTER, STRIP CENTER
      40900 Fremont Blvd, Fremont, CA 94538-4361
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    • Value Estimation
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      41200 Blacow Rd

      SHOPPING CENTER, STRIP CENTER
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      View Details
    • Value Estimation
      $1,350,000
      9,341 SF

      39222 Fremont Blvd

      SHOPPING CENTER, STRIP CENTER
      39222 Fremont Blvd, Fremont, CA 94538-1318
      View Details

    Similar Nearby for Sale

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      36,576 SF

      Fremont Retail Center For Sale

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    • $33,550,000

      Automotive Property with Car Wash

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      66,995 SF

      Fremont Auto Mall Dealership Opportunity

      Multi-brand auto dealership in Fremont Auto Mall for sale.
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      Pending

      Fremont Business Park Office Suites

      Office suites ranging from 400 to 10,000 square feet.
      42808 Christy St, Fremont, CA 94538
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      4,140 SF

      Fremont Condo Office Space

      Two-story condo office suitable for commercial, industrial, medical, retail.
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      Fremont Condo Office For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      2,300 SF

      Regional Power Center Retail Space

      Regional power center with over 90 brand name stores.
      39124-39210 Fremont Blvd, Fremont, CA 94538
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      40,651 SF

      Fremont Retail Anchor Opportunity

      Retail space available for lease in Fremont, California.
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      97,970 SF

      Fremont Retail Space For Lease

      Retail space available in Fremont, California.
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      View Details
    • Contact for pricing
      2,407 SF

      Fremont Retail Space For Rent

      Retail space available in Fremont, CA, near major transportation routes.
      43405-43425 Christy St, Fremont, CA 94538
      View Details
    • Contact for pricing
      1,406 SF

      Fremont Retail Space For Lease

      Retail space available in Fremont with strong local anchors.
      40587 Fremont Blvd, Fremont, CA 94538
      View Details
    • Contact for pricing
      3,050 SF

      Regional Power Center Retail Space

      Regional power center with over 90 brand name stores.
      39226-39324 Argonaut Way, Fremont, CA 94538
      View Details
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    Fremont, CA 94538
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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