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Property profile & analytics
OFF-MARKET
Estimated value
$9,105,000
Life science properties
44036 Grimmer Blvd Fremont, CA 94538-6346
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8208851
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1982
Construction
TILT-UP CONCRETE
Total area
38,880 SF
Lot
2.81 ac (122,404 SF)
APN
525-1652-6-1
UPID
US09-8208851
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
-
Semi Mechatronics LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.11M
Owner & transaction history
Menlo Land & Capital Xiv LLC · 4 yrs held
Menlo Land & Capital Xiv LLC
since 2021
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$9,925,000
ML approach
$9,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,775,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$13,520,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$9.11M
Range $8.19M – $10.02M · ±10% · vs last sale $8.34M (Sep 10 2021)
Last sale anchor
$8.34M
Sep 10 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
$234 / 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
$107,341
Tax year 2024
Assessed value
$8,679,016
Assessed 2024
Previous assessed
$8,679,016
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$7,594,920
Assessed improvement
$1,084,096
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
38,880 SF
Lot
2.81 ac (122,404 SF)
APN
525-1652-6-1
UPID
US09-8208851
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.8M
RETAIL STORES
Est. value
$13.5M
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
2.81 ac
Current owner
From public records · entity-resolved
Menlo Land & Capital Xiv LLC
Entity
Mailing address
2390 EL CAMINO REAL STE #210, PALO ALTO, CA 94306-1437
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2022
—
Menlo Land & Capital Xiv LLC
—
Deed
related
$6,250,000 · Jpmorgan Chase Bank NA
Sep 10, 2021
$8,342,000
Menlo Land & Capital Xiv LLC
Chois Company
Grant Deed
$5,835,000 · The Northern Trust Co
May 13, 1998
$2,100,000
Chois Co
Choi,jai Z & Young S
Grant Deed
related
—
Apr 16, 1998
—
Jai Z Choi
Jc Information Systems
Quit Claim Deed
related
$2,100,000 · Bank Of America
—
—
Jai Choi
—
Deed Of Trust
related
$1,074,000 · Fremont Bank
—
—
Chois Co
—
Deed Of Trust
related
$860,000 · Bank Of America
—
—
Jai Z Choi
—
Deed Of Trust
related
$1,013,879 · Jc Information Systems
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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