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Property profile & analytics
OFF-MARKET
Estimated value
$6,380,000
Warehouses
6691 Clark Ave Newark, CA 94560-3925
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7817991
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
TYPE NOT SPECIFIED
Total area
22,098 SF
Lot
2.84 ac (123,850 SF)
APN
92-65-5
UPID
US09-7817991
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
-
White Cap Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.03M
CAP Approach
CAP
$5.19M
Comparable Approach
Comparable
$6.53M
Blend (final)
Blend
$6.38M
Owner & transaction history
Rlf III West 2 LLC · 2 yrs held
Rlf III West 2 LLC
since 2023
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.4M
+112.0%
Medical building
$8.7M
+97.3%
Office building
$7.5M
+69.2%
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
$5,690,000
ML approach
$6,030,000
CAP Approach
CAP Return
Estimation
6%
$5,620,000
6.5%
$5,190,000
7%
$4,815,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,430,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,390,000
Change: +112% · Conversion: Moderate
MEDICAL BUILDING
$8,735,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$7,495,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,115,000
Change: +61% · Conversion: Easy
RETAIL STORES
$6,270,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,190,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$6.38M
Range $5.74M – $7.02M · ±10% · vs last sale $7.43M (Sep 5 2023)
Last sale anchor
$7.43M
Sep 5 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
$289 / 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
$92,680
Tax year 2024
Assessed value
$7,879,410
Assessed 2024
Previous assessed
$7,879,410
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$4,244,800
Assessed improvement
$3,634,610
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
22,098 SF
Lot
2.84 ac (123,850 SF)
APN
92-65-5
UPID
US09-7817991
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
WAREHOUSE, STORAGE Current
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$8.7M
OFFICE BUILDING
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.1M
RETAIL STORES
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.2M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1985
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
2.84 ac
Current owner
From public records · entity-resolved
Rlf III West 2 LLC
Entity
Mailing address
201 WW ST, ANNAPOLIS, MD 21401-4654
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2023
—
Rlf III West 2 LLC
Rlf III West LLC
Intrafamily Transfer
related
—
Nov 30, 2020
$7,425,000
Rlf III West LLC
Paul Tru
Grant Deed
—
May 19, 2016
—
Paul Jeffrey Jensen
—
Deed
related
$1,560,000 · Scott Valley Bank
Jun 27, 2012
—
Paul Jeffrey Jensen
Eric T Jensen
Intrafamily Transfer
related
$861,500 · Wells Fargo Bank NA
Jun 14, 2002
—
Eric T Jensen
Jensen,linda
Quit Claim Deed
related
—
Jun 14, 2002
$2,095,000
Eric T Jensen
Norcal One LLC
Grant Deed
$1,047,500 · Wells Fargo Bank
Apr 8, 1999
$1,850,000
Norcal One LLC
Frito-lay INC
Grant Deed
$925,000 · Heller Financial
Jun 18, 1984
—
—
—
Grant Deed
related
—
—
—
Norcal One LLC
—
Deed Of Trust
related
$763,000 · Mortgage Capital Development
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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