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Property profile & analytics
OFF-MARKET
Estimated value
$6,835,000
Flex space
47600 Westinghouse Dr Fremont, CA 94539-7473
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-8410807
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1983
Construction
TILT-UP CONCRETE
Total area
24,800 SF
Lot
1.36 ac (59,241 SF)
APN
519-1681-27
UPID
US09-8410807
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
$6.73M
CAP Approach
CAP
$6.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.84M
Owner & transaction history
47600 Westinghouse Drive Company Ll · 5 yrs held
47600 Westinghouse Drive Company Ll
since 2021
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.3M
+60.2%
Neighborhood: shopping center
$10.5M
+49.2%
Medical building
$9.8M
+38.8%
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
$6,605,000
ML approach
$6,730,000
CAP Approach
CAP Return
Estimation
6%
$6,605,000
6.5%
$6,095,000
7%
$5,660,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,060,000
Current use
OFFICE BUILDING
$11,310,000
Change: +60% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,535,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$9,805,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,785,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$8,625,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$6.84M
Range $6.15M – $7.52M · ±10% · vs last sale $7.37M (Jun 17 2021)
Last sale anchor
$7.37M
Jun 17 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
$276 / 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
$95,393
Tax year 2024
Assessed value
$8,130,227
Assessed 2024
Previous assessed
$8,130,227
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,515,044
Assessed improvement
$5,615,183
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
24,800 SF
Lot
1.36 ac (59,241 SF)
APN
519-1681-27
UPID
US09-8410807
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
$7.1M
OFFICE BUILDING
Est. value
$11.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.5M
MEDICAL BUILDING
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.8M
RETAIL STORES
Est. value
$8.6M
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
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
1.36 ac
Current owner
From public records · entity-resolved
47600 Westinghouse Drive Company Ll
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
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
Jun 17, 2021
$7,373,000
47600 Westinghouse Drive Company Ll
Colfin 2019 2d Industrial Owner LLC
Grant Deed
$250,000 · Us Bank NA
Dec 12, 2019
—
Colfin 2019 2d Industrial Owner LLC
—
Deed
related
—
Feb 28, 2019
$44,600,000
Colfin 2019-2d Indl Owner LLC
Dpif Ca 14 Fremont Center LLC
Grant Deed
—
Oct 31, 2018
—
Dpif Ca 14 Fremont Center LLC
—
Deed
related
—
Sep 25, 2018
—
Dpif Ca 14 Fremont Center LLC
—
Grant Deed
related
$22,688,648 · Compass Bk
Aug 10, 2018
$36,400,000
Dpif Ca 14 Fremont Center LLC
Ipx Fremont Investors LP
Grant Deed
—
Dec 30, 2015
$27,000,000
Ipx Fremont Investors LP
Ga Westinghouse-fourier Fremon
Trustees Deed
$19,050,000 · Bank Of America
Jun 6, 2011
—
Westinghouse-fourier Fremon Ga
Ucm Of Stephens-fremont LLC
Grant Deed
—
Dec 15, 2005
—
Ucm Of Stephens-fremont LLC
Bedford Property Investors INC
Grant Deed
—
Dec 31, 1996
—
Bedford Property Investors INC
—
Deed Of Trust
related
$25,000,000 · Union Bank Of California
Sep 5, 1996
—
Bedford Property Inv
Mutual Life Insurance Co Ny
Grant Deed
related
—
Jun 10, 1982
$187,000
Mutual Life Insurance Co
—
Grant Deed
related
—
—
—
Dpif Ca 14 Fremont Center LLC
—
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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