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Property profile & analytics
OFF-MARKET
Estimated value
$6,545,000
Flex space
41353 Albrae St Fremont, CA 94538-3127
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-9118404
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Construction
TILT-UP CONCRETE
Total area
19,382 SF
Lot
1.18 ac (51,401 SF)
APN
531-222-40
UPID
US09-9118404
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
-
MAGICVDI LLC Telecommunications Service Tech Support Center
-
Perfectools Inc Production Facility Factory
-
Manufacturing Resource Corporation Electronics & Wireless Store
-
Magic Restore Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.19M
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
$7.81M
Blend (final)
Blend
$6.55M
Owner & transaction history
Kooner Re LLC · 2 yrs held
Kooner Re LLC
since 2023
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.8M
+76.3%
Commercial (general)
$9.7M
+74.4%
Office building
$8.8M
+59.8%
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
$5,910,000
ML approach
$6,185,000
CAP Approach
CAP Return
Estimation
6%
$5,160,000
6.5%
$4,765,000
7%
$4,425,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,535,000
Current use
RESTAURANT
$9,755,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,650,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$8,840,000
Change: +60% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,235,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$7,660,000
Change: +38% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,865,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$6,740,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$6.55M
Range $5.89M – $7.20M · ±10% · vs last sale $7.30M (Dec 7 2023)
Last sale anchor
$7.30M
Dec 7 2023
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
$338 / 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
$86,379
Tax year 2024
Assessed value
$7,300,000
Assessed 2024
Previous assessed
$7,300,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$4,200,000
Assessed improvement
$3,100,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
19,382 SF
Lot
1.18 ac (51,401 SF)
APN
531-222-40
UPID
US09-9118404
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.5M
RESTAURANT
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$9.7M
OFFICE BUILDING
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
MEDICAL BUILDING
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
RETAIL STORES
Est. value
$6.7M
INDUSTRIAL (GENERAL) 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
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Kooner Re LLC
Entity
Mailing address
41353 ALBRAE ST, FREMONT, CA 94538-3127
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
$7,300,000
Kooner Re LLC
Joseph G Pelican
Grant Deed
$5,475,000 · Bank Of America NA
Aug 29, 2014
$2,498,000
The Pelican Family Trust
Emarcee LLC
Grant Deed
$2,362,000 · Us Bank NA
Aug 11, 2006
—
Emarcee LLC
Gupta,veerendra
Grant Deed
$2,100,000 · Innovative Bank
Feb 15, 2000
$2,161,500
Veerendra Gupta
Hai,ya-ping
Grant Deed
$1,525,000 · Wells Fargo Bank
Dec 24, 1997
$1,770,000
Hai,ya-ping
Intelmatec Corp
Trustees Deed
$1,239,000 · General Bank
Dec 24, 1997
—
Hai Ya-ping
Lu,remond
Quit Claim Deed
related
—
—
—
Emarcee LLC
—
Deed Of Trust
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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