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Property profile & analytics
OFF-MARKET
Estimated value
$29,405,000
Flex space
4211 Starboard Dr Fremont, CA 94538-6427
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7879214
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1997
Construction
TILT-UP CONCRETE
Total area
129,808 SF
Lot
3.13 ac (136,343 SF)
APN
525-1350-30
UPID
US09-7879214
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
-
Asteelflash Fremont Factory Production Facility
-
Flash Electronics Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.92M
Comparable Approach
Comparable
$22.45M
Blend (final)
Blend
$29.41M
Owner & transaction history
Lipt Bixby III LLC · 5 yrs held
Lipt Bixby III LLC
since 2021
Last sale
$32.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$46.0M
+24.1%
Retail stores
$45.1M
+21.8%
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
$28,670,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$34,575,000
6.5%
$31,915,000
7%
$29,635,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$37,060,000
Current use
APARTMENT HOUSE (5+ UNITS)
$45,985,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$45,145,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$29.41M
Range $26.46M – $32.35M · ±10% · vs last sale $32.00M (Jul 12 2021)
Last sale anchor
$32.00M
Jul 12 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
$227 / 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
$201,660
Tax year 2024
Assessed value
$16,573,572
Assessed 2024
Previous assessed
$16,573,572
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$5,410,080
Assessed improvement
$11,163,492
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
1997
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
129,808 SF
Lot
3.13 ac (136,343 SF)
APN
525-1350-30
UPID
US09-7879214
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
$37.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$46.0M
RETAIL STORES
Est. value
$45.1M
INDUSTRIAL (GENERAL) Current
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
1997
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
3.13 ac
Current owner
From public records · entity-resolved
Lipt Bixby III LLC
Entity
Mailing address
333 W WACKER DR STE #2300, CHICAGO, IL 60606-1266
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
Jul 12, 2021
$32,000,000
Lipt Bixby III LLC
Bixby Land Company
Grant Deed
—
Jun 21, 2018
—
Bixby Land Co
—
Grant Deed
related
$12,050,000 · Miscellaneous Ins Co
Apr 1, 2011
—
Bixby Land Co
—
Deed Of Trust
related
$110,000,000 · Great-west Life & Annuity Ins
Oct 1, 2010
$15,150,000
Bixby Land Co
Walton Of Legacy Starboard Invtrs
Grant Deed
—
Jun 3, 2009
—
Walton Of Legacy Starboard Invtrs
—
Deed Of Trust
related
$6,732,125 · Redwood Capital Finance Co LLC
Feb 28, 2005
—
Solectron USA INC
Bnp Paribas Leasing Corp
Grant Deed
—
Aug 28, 2002
—
Bnp Paribas Leasing Corp
Wells Fargo Bank Northwest NA
Grant Deed
related
—
Sep 8, 1997
—
Mektec Corp
Rose Ventures
Grant Deed
$6,000,000 · Sumitomo Bank
Apr 15, 1997
—
Mektec Corp
—
Deed Of Trust
related
$6,000,000 · Sanwa Bank Ltd
Jun 27, 1996
—
Rose Ventures II INC
Pactel Systems
Grant Deed
related
—
Mar 23, 1995
—
Pactel Systems
Calprop II Portfolio LP
Grant Deed
related
—
Jan 4, 1995
—
Portfolio LP Calprop II
Calfront Associates
Deed Of Trust
related
$4,680,000 · Pactel Finance
—
—
Hawk Realty Trust
—
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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