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Property profile & analytics
OFF-MARKET
Estimated value
$6,220,000
Flex space
44081 Old Warm Spgs Blvd 5 Fremont, CA 94538-6158
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7905352
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Construction
TILT-UP CONCRETE
Total area
22,710 SF
Lot
1.18 ac (51,393 SF)
APN
519-900-71
UPID
US09-7905352
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.38M
CAP Approach
CAP
$5.59M
Comparable Approach
Comparable
$8.00M
Blend (final)
Blend
$6.22M
Owner & transaction history
44081 Old Warm Springs LLC · 5 yrs held
44081 Old Warm Springs LLC
since 2020
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.4M
+59.8%
Neighborhood: shopping center
$9.7M
+48.8%
Medical building
$9.0M
+38.5%
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
$7,555,000
ML approach
$7,375,000
CAP Approach
CAP Return
Estimation
6%
$6,050,000
6.5%
$5,585,000
7%
$5,185,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,485,000
Current use
OFFICE BUILDING
$10,360,000
Change: +60% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,650,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$8,980,000
Change: +38% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,045,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$7,900,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$6.22M
Range $5.60M – $6.84M · ±10% · vs last sale $5.95M (Dec 29 2020)
Last sale anchor
$5.95M
Dec 29 2020
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
$274 / 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
$72,864
Tax year 2024
Assessed value
$6,314,140
Assessed 2024
Previous assessed
$6,314,140
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,016,280
Assessed improvement
$4,297,860
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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
22,710 SF
Lot
1.18 ac (51,393 SF)
APN
519-900-71
UPID
US09-7905352
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
$6.5M
OFFICE BUILDING
Est. value
$10.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
RETAIL STORES
Est. value
$7.9M
INDUSTRIAL (GENERAL) Current
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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
44081 Old Warm Springs LLC
Entity
Mailing address
1256 HOWARD ST, SAN FRANCISCO, CA 94103-2712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
—
44081 Old Warm Springs LLC
—
Deed
related
$20,000,000 · Wells Fargo Bank NA
Dec 29, 2020
$5,950,000
44081 Old Warm Springs LLC
Happy Prosperity LLC
Grant Deed
—
Sep 27, 2019
$5,200,000
Happy Prosperity LLC
Scott Lew
Grant Deed
—
Jun 30, 2000
$2,480,000
Scott Lew
Balch Enterprises INC
Grant Deed
$1,860,000 · Bank Of America
—
—
Scott Lew
—
Deed Of Trust
related
$1,560,000 · East West Bank
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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