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Property profile & analytics
OFF-MARKET
Estimated value
$6,035,000
Retail space
555 Mowry Ave Fremont, CA 94536-4110
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-8332887
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Construction
TILT-UP CONCRETE
Total area
26,000 SF
Lot
3.8 ac (165,528 SF)
APN
507-356-21
UPID
US09-8332887
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
-
iBliss Wellness Alternative Medicine Practice Spa & Massage Center
-
Pratik K. Shah, DPT Physician
-
KARIM M HUSSAIN Physician
-
Ever Health Acupuncture Alternative Medicine Practice Acupuncture
-
iMotion Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.76M
Comparable Approach
Comparable
$6.74M
Blend (final)
Blend
$6.04M
Owner & transaction history
Chang Income Property Partnership L · 8 yrs held
Chang Income Property Partnership L
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.2M
+1.9%
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%
$5,150,000
6.5%
$4,755,000
7%
$4,415,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,045,000
Current use
APARTMENT HOUSE (5+ UNITS)
$9,210,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,375,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$6.04M
Range $5.43M – $6.64M · ±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
$232 / 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
$43,761
Tax year 2023
Assessed value
$12,811,740
Assessed 2024
Previous assessed
$2,821,855
+354.0% YoY
Effective rate
0.34%
On assessed value
Assessed land
$12,800,362
Assessed improvement
$11,378
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Units
8
Total area
26,000 SF
Lot
3.8 ac (165,528 SF)
APN
507-356-21
UPID
US09-8332887
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
RETAIL STORES Current
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$8.4M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
4
Units
8
Lot
3.8 ac
Current owner
From public records · entity-resolved
Chang Income Property Partnership L
Entity
Mailing address
PO BOX 130667, CARLSBAD, CA 92013-0667
Ownership since
2017
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
Aug 30, 2017
—
Chang Income Property Partnership L
Chang Income Property Partnership L
Intrafamily Transfer
related
—
Sep 30, 2016
—
Chang Income Property Ptshp LP
—
Deed
related
$15,000,000 · First Republic Bk
Jun 20, 1996
—
Chang Trust
Chang,t M & Yoshie F
Quit Claim Deed
related
—
—
—
Chang Income Property Ptshp LP
—
Deed Of Trust
related
$20,000,000 · First Republic Bank
—
—
Chang Income Property Ptshp LP
—
Deed Of Trust
related
$15,000,000 · First Republic Bk
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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