Back to Search
Property profile & analytics
FOR LEASE
Retail space
43901 Hugo Ter Fremont, CA 94538
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8159417
For Lease
1 / 2
$42 SF/Yr
43901 Hugo Ter, Fremont, CA 94538
View Listing →
Property summary
AI-generated overview
This exceptional retail opportunity is located at 43901-43941 Hugo Terrace in Fremont, California, within Alameda County (zip code 94538). The property, built in 2001, offers a total of 14,820 square feet of retail space, divided into six available units ranging from 1,064 to 1,647 square feet. The center boasts a convenient parking ratio of 4.7 spaces per 1,000 square feet. This prime location benefits from strong co-tenancy, including a newly constructed Starbucks drive-thru and a Home Depot, ensuring high visibility and foot traffic. The property's strategic placement right off Auto Mall Parkway provides excellent accessibility and exposure to a large customer base. This is an ideal location for businesses seeking a thriving retail environment in a high-demand area of Fremont. The property offers multiple tenancy options, making it suitable for a variety of retail concepts. Interested parties should inquire for specific unit availability and lease terms.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
TILT-UP CONCRETE
Total area
14,820 SF
Lot
1.32 ac (57,499 SF)
APN
525-1390-13
UPID
US09-8159417
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
-
Straw Hat Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.13M
CAP Approach
CAP
$2.71M
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$4.13M
Owner & transaction history
Hugo Terrace Fremont LLC · 2 yrs held
Hugo Terrace Fremont LLC
since 2024
Last sale
$4.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.8M
+31.2%
Neighborhood: shopping center
$6.3M
+22.2%
Medical building
$5.9M
+13.7%
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
$4,125,000
ML approach
$4,125,000
CAP Approach
CAP Return
Estimation
6%
$2,935,000
6.5%
$2,710,000
7%
$2,515,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,155,000
Current use
OFFICE BUILDING
$6,760,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,295,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$5,860,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,250,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,770,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.13M
Range $3.71M – $4.54M · ±10% · vs last sale $4.13M (Jun 25 2024)
Last sale anchor
$4.13M
Jun 25 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
$278 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$118,835
Tax year 2023
Assessed value
$10,261,244
Assessed 2024
Previous assessed
$10,261,244
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,020,866
Assessed improvement
$7,240,378
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
8
Bathrooms
9
Total area
14,820 SF
Lot
1.32 ac (57,499 SF)
APN
525-1390-13
UPID
US09-8159417
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
RETAIL STORES Current
Est. value
$5.2M
OFFICE BUILDING
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
8
Bathrooms
9
Lot
1.32 ac
Current owner
From public records · entity-resolved
Hugo Terrace Fremont LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1000 BRANNAN ST STE #202, SAN FRANCISCO, CA 94103-4888
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
Jun 25, 2024
$2,062,500
Hugo Terrace Fremont LLC
Farrokhtala Hugo Terrace LLC
Grant Deed
—
Jun 25, 2024
$4,125,000
Hugo Terrace Fremont LLC
Farrokhtala Hugo Terrace LLC
Grant Deed
—
May 3, 2013
—
Farrokhtala Hugo Terrace LLC
Exemption Farrokhatala LLC
Quit Claim Deed
$4,000,000 · Summit Bank
Oct 28, 2009
—
Farrokhtala Family Trust
Farrokhtala Family Trust
Quit Claim Deed
related
—
Aug 18, 2006
$3,330,000
Exemption Farrokhtala LLC
R & J Equities LLC
Grant Deed
—
Jan 24, 2003
—
Donald F Imwalle
Imwalle,katharine R
Quit Claim Deed
related
$4,420,000 · Nomura Credit & Capital INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
