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Property profile & analytics
OFF-MARKET
Estimated value
$12,920,000
Flex space
46335 Lndg Pkwy Fremont, CA 94538-6407
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8205928
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1984
Construction
TILT-UP CONCRETE
Total area
52,321 SF
Lot
3.44 ac (149,890 SF)
APN
519-850-90-5
UPID
US09-8205928
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
by Request
CAP Approach
CAP
$12.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.92M
Owner & transaction history
Pico & Tera Co Ltd · 6 yrs held
Pico & Tera Co Ltd
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.7M
+38.5%
Apartment house (5+ units)
$18.5M
+24.1%
Retail stores
$18.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,935,000
6.5%
$12,865,000
7%
$11,945,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,940,000
Current use
MEDICAL BUILDING
$20,685,000
Change: +38% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$18,535,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$18,195,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$12.92M
Range $11.63M – $14.21M · ±10%
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
$247 / 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
$170,925
Tax year 2024
Assessed value
$14,689,003
Assessed 2024
Previous assessed
$14,689,003
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$5,897,045
Assessed improvement
$8,791,958
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
52,321 SF
Lot
3.44 ac (149,890 SF)
APN
519-850-90-5
UPID
US09-8205928
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
$14.9M
MEDICAL BUILDING
Est. value
$20.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.5M
RETAIL STORES
Est. value
$18.2M
INDUSTRIAL (GENERAL) Current
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
3.44 ac
Current owner
From public records · entity-resolved
Pico & Tera Co Ltd
Entity
Mailing address
3003 N 1ST ST #339, SAN JOSE, CA 95134-2004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2020
—
Pico & Tera Co Ltd
—
Deed
related
$8,900,000 · Shinhan Bank America
Apr 16, 2020
—
Pico & Tera Co Ltd
—
Deed
related
$8,900,000 · Shinhan Bank America
Nov 21, 2019
$13,700,000
Pico & Tera Co Ltd
Rp Landing Parkway LLC
Grant Deed
—
Apr 26, 2018
$9,600,000
Rp Landing Parkway LLC
Oplink Communications Us Division L
Grant Deed
$8,155,000 · Western Alliance Bank
Jul 15, 2004
$4,758,000
Oplink Communications INC
Gagos,tr
Grant Deed
—
Jun 30, 1992
—
Gagos Trust
Gagos,george S&d
Quit Claim Deed
related
—
—
—
George&dia Gagos
—
Deed Of Trust
related
$2,600,000 · Allstate Life Insurance Co
—
—
Gagos Trust
—
Deed Of Trust
related
$3,700,000 · Bank Of America
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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