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Property profile & analytics
FOR LEASE
Flex space
49000 Milmont Dr Fremont, CA 94538
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7412203
For Lease
1 / 4
$46,080,000
49000 Milmont Dr, Fremont, CA 94538
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Construction
TILT-UP CONCRETE
Total area
196,137 SF
Lot
13.63 ac (593,869 SF)
APN
519-1010-114-1
UPID
US09-7412203
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
-
Clean Tech Institute Association Or Organization Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$48.22M
Comparable Approach
Comparable
$63.16M
Blend (final)
Blend
$46.08M
Owner & transaction history
Milmont Owner LLC · 5 yrs held
Milmont Owner LLC
since 2021
Last sale
$47.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$69.5M
+24.1%
Retail stores
$68.2M
+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
$42,110,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$52,240,000
6.5%
$48,220,000
7%
$44,775,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$55,995,000
Current use
APARTMENT HOUSE (5+ UNITS)
$69,485,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$68,215,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$46.08M
Range $41.47M – $50.69M · ±10% · vs last sale $47.00M (May 3 2021)
Last sale anchor
$47.00M
May 3 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
$235 / 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
$572,207
Tax year 2024
Assessed value
$49,876,776
Assessed 2024
Previous assessed
$49,876,776
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$21,224,160
Assessed improvement
$28,652,616
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
For Lease
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
3
Stories
1
Units
7
Total area
196,137 SF
Lot
13.63 ac (593,869 SF)
APN
519-1010-114-1
UPID
US09-7412203
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
$56.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$69.5M
RETAIL STORES
Est. value
$68.2M
INDUSTRIAL (GENERAL) Current
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
3
Units
7
Lot
13.63 ac
Current owner
From public records · entity-resolved
Milmont Owner LLC
Entity
Free & Clear · 5 yrs held
Mailing address
101 CALIFORNIA ST STE #1000, SAN FRANCISCO, CA 94111-5813
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2023
—
Milmont Owner LLC
—
Deed
related
$54,150,191 · First Citizens Bank & Trust Co
May 3, 2021
$47,000,000
Milmont Owner LLC
Dlrp Owner LLC
Grant Deed
—
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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