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Property profile & analytics
OFF-MARKET
Estimated value
$84,240,000
Warehouses
41099 Boyce Rd, Fremont, CA 94538-2434
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9108830
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
TILT-UP CONCRETE
Total area
208,360 SF
Lot
13.68 ac (595,901 SF)
APN
531-165-44
UPID
US09-9108830
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
-
GRM Document Management - San Francisco Storage Facility
-
Moishe's Mobile Storage Moving Company Storage Facility
-
Moishe's Moving Systems Moving Company
-
Ninja Movers Moving Company
-
Moving Star International Moving Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$85.33M
Blend (final)
Blend
$84.24M
Owner & transaction history
Boyce Ml LLC · 4 yrs held
Boyce Ml LLC
since 2021
Last sale
$86.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$104.9M
+82.2%
Commercial (general)
$103.7M
+80.2%
Office building
$95.0M
+65.1%
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
$77,930,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$57,565,000
Current use
RESTAURANT
$104,890,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$103,730,000
Change: +80% · Conversion: Difficult
OFFICE BUILDING
$95,040,000
Change: +65% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$88,520,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$82,375,000
Change: +43% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$73,815,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$72,465,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$84.24M
Range $75.82M – $92.66M · ±10% · vs last sale $86.85M (Dec 30 2021)
Last sale anchor
$86.85M
Dec 30 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
$404 / 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
$1,092,514
Tax year 2024
Assessed value
$90,358,740
Assessed 2024
Previous assessed
$90,358,740
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$60,343,200
Assessed improvement
$30,015,540
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
208,360 SF
Lot
13.68 ac (595,901 SF)
APN
531-165-44
UPID
US09-9108830
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
WAREHOUSE, STORAGE Current
Est. value
$57.6M
RESTAURANT
Est. value
$104.9M
COMMERCIAL (GENERAL)
Est. value
$103.7M
OFFICE BUILDING
Est. value
$95.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$88.5M
MEDICAL BUILDING
Est. value
$82.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$73.8M
RETAIL STORES
Est. value
$72.5M
WAREHOUSE, STORAGE 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
1976
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
13.68 ac
Current owner
From public records · entity-resolved
Boyce Ml LLC
Entity
Mailing address
1808 SWIFT DR, OAK BROOK, IL 60523-1573
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Boyce Ml LLC
Centerpoint Boyce LLC
Lease
—
Dec 30, 2021
$86,850,000
Centerpoint Boyce LLC
Boyce Road Properties LLC
Grant Deed
—
Jul 6, 2021
—
Boyce Road Properties LLC
—
Deed
related
$124,857 · Bank Of America NA
Jun 3, 2019
—
Boyce Road Properties LLC
—
Deed
related
$25,900,000 · Bank Of America
Feb 9, 2017
—
Boyce Road Properties LLC
—
Grant Deed
related
$50,000,000 · Jp Morgan Chase Bk
Sep 15, 2015
$9,735,500
Boyce Road Properties LLC
Boyce Road Realty LLC
Grant Deed
$15,000,000 · Db Private Wealth Mortgage Ltd
Sep 6, 2005
—
Boyee Road Realty LLC
Foxborough Park INC
Grant Deed
$9,200,000 · Ubs Real Estate Investments INC
Apr 1, 2004
—
Foxborough Park INC
41099 Boyce Rd LLC
Grant Deed
$6,750,000 · City National Bank
Apr 29, 2003
—
41099 Boyce Road LLC
Blt Enterprises Of Fremont
Grant Deed
related
—
Dec 5, 2002
$9,221,000
Blt Enterprises Of Fremont
Force Financial Corp
Grant Deed
—
—
—
Boyce Road Properties LLC
—
Deed Of Trust
related
$25,900,000 · Bank Of America
—
—
Blt Enterprises Of Fremont
—
Deed Of Trust
related
$8,204,626 · Bernard Huberman
Dec 29, 1964
—
—
—
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.
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