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Property profile & analytics
OFF-MARKET
Estimated value
$74,215,000
Flex space
48350 Fremont Blvd Fremont, CA 94538-6511
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6692920
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1989
Construction
TILT-UP CONCRETE
Total area
245,214 SF
Lot
10.45 ac (455,288 SF)
APN
519-1694-24-3
UPID
US09-6692920
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
-
Supermicro Building 7 Warehouse & Storage
-
Super Micro Computer Inc Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$60.29M
Comparable Approach
Comparable
$98.82M
Blend (final)
Blend
$74.22M
Owner & transaction history
48350 Fremont Blvd LLC · 2 yrs held
48350 Fremont Blvd LLC
since 2023
Last sale
$86.6M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$123.4M
+76.3%
Commercial (general)
$122.1M
+74.4%
Office building
$111.9M
+59.8%
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
$70,070,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$65,310,000
6.5%
$60,285,000
7%
$55,980,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$70,010,000
Current use
RESTAURANT
$123,440,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$122,075,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$111,850,000
Change: +60% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$104,180,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$96,945,000
Change: +38% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$86,870,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$85,285,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$74.22M
Range $66.79M – $81.64M · ±10% · vs last sale $86.55M (Jul 20 2023)
Last sale anchor
$86.55M
Jul 20 2023
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
$303 / 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
$985,618
Tax year 2024
Assessed value
$86,550,000
Assessed 2024
Previous assessed
$86,550,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$36,000,000
Assessed improvement
$50,550,000
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
3
Total area
245,214 SF
Lot
10.45 ac (455,288 SF)
APN
519-1694-24-3
UPID
US09-6692920
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
$70.0M
RESTAURANT
Est. value
$123.4M
COMMERCIAL (GENERAL)
Est. value
$122.1M
OFFICE BUILDING
Est. value
$111.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$104.2M
MEDICAL BUILDING
Est. value
$96.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$86.9M
RETAIL STORES
Est. value
$85.3M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1989
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
3
Lot
10.45 ac
Current owner
From public records · entity-resolved
48350 Fremont Blvd LLC
Entity
Free & Clear · 2 yrs held
Mailing address
60 STATE ST STE #2200, BOSTON, MA 02109-1884
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jul 20, 2023
$86,550,000
48350 Fremont Blvd LLC
Western B Northwest Ca LLC
Grant Deed
—
Oct 7, 2019
—
Western B Northwest Ca LLC
—
Deed
related
—
Mar 8, 2016
—
Western B Northwest Ca LLC
Iit 4835o Fremont Blvd LP
Grant Deed
—
Sep 3, 2010
$22,750,000
Iit 48350 Fremont Blvd LP
Fremont Bayside Industrial LLC
Grant Deed
$30,000,000 · Principal Life Insurance Co
Jun 6, 2008
$21,441,500
Fremont Bayside Industrial LLC
Pinole Point Properties INC
Deed Of Trust
$15,600,000 · Bank Of The West
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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