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Property profile & analytics
OFF-MARKET
Estimated value
$8,720,000
Strip malls
5454 Central Ave Newark, CA 94560
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-8626598
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Construction
WOOD
Total area
23,634 SF
Lot
2.03 ac (88,426 SF)
APN
92A-2125-9-2
UPID
US09-8626598
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
-
STOA International Freight Service Logistics Company
-
西北拉面 Restaurant
-
Golden Pet Chateau Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.83M
CAP Approach
CAP
$6.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.72M
Owner & transaction history
Leaning Cedar LLC · 6 yrs held
Leaning Cedar LLC
since 2020
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.9M
+18.5%
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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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
$8,850,000
ML approach
$8,830,000
CAP Approach
CAP Return
Estimation
6%
$7,255,000
6.5%
$6,695,000
7%
$6,215,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$10,040,000
Current use
RESTAURANT
$11,895,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$9,345,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$8.72M
Range $7.85M – $9.59M · ±10% · vs last sale $8.60M (Feb 5 2020)
Last sale anchor
$8.60M
Feb 5 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
$369 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$115,567
Tax year 2023
Assessed value
$9,220,834
Assessed 2024
Previous assessed
$9,040,062
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,680,475
Assessed improvement
$6,540,359
Applied tax rate
11.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
NONE
Buildings
2
Stories
1
Units
13
Total area
23,634 SF
Lot
2.03 ac (88,426 SF)
APN
92A-2125-9-2
UPID
US09-8626598
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$10.0M
RESTAURANT
Est. value
$11.9M
MEDICAL BUILDING
Est. value
$9.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
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
2009
Construction
WOOD
Heating
NONE
Stories
1
Buildings
2
Units
13
Lot
2.03 ac
Current owner
From public records · entity-resolved
Leaning Cedar LLC
Entity
Mailing address
PO BOX 3967, LOS ALTOS, CA 94024-0967
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
—
Leaning Cedar LLC
—
Deed
related
$5,150,000 · Five Star Bank
Feb 5, 2020
—
Leaning Cedar LLC
Jordan J Spaulding
Quit Claim Deed
—
Dec 24, 2019
$8,600,000
Jordan J Spaulding
Steven Nin Chun Sheng
Grant Deed
$5,200,000 · First Commercial Bank
Apr 20, 2007
—
Sheng Trust
—
Trustees Deed
related
$3,800,000 · Metro United Bank
May 26, 2005
—
Sheng Trust
Spinnaker Properties LLC
Grant Deed
—
Jun 29, 2001
$2,100,000
Spinnaker Properties LLC
Spinola,william M
Grant Deed
related
$1,000,000 · East West Bank
—
—
Sheng Trust
—
Deed Of Trust
related
$3,500,000 · First Commercial Bank (usa)
—
—
Sheng Trust
—
Deed Of Trust
related
$3,800,000 · Metro United Bank
—
—
Leaning Cedar LLC
—
Loan Modification
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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