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Property profile & analytics
OFF-MARKET
Estimated value
$8,825,000
Warehouses
6969 Clark Ave Newark, CA 94560-5921
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9269010
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
22,826 SF
Lot
3.08 ac (134,102 SF)
APN
92-67-22
UPID
US09-9269010
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
-
Food distribution Warehouse & Storage
-
K & Z Solutions Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.71M
CAP Approach
CAP
$5.36M
Comparable Approach
Comparable
$6.75M
Blend (final)
Blend
$8.83M
Owner & transaction history
Cref3 Clark Ave Owner LLC · 4 yrs held
Cref3 Clark Ave Owner LLC
since 2022
Last sale
$11.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.5M
+151.2%
Neighborhood: shopping center
$9.7M
+112.0%
Medical building
$9.0M
+97.3%
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
$9,640,000
ML approach
$7,710,000
CAP Approach
CAP Return
Estimation
6%
$5,805,000
6.5%
$5,360,000
7%
$4,975,000
Alternative Use
Use
Estimation
RESTAURANT
$11,490,000
Change: +151% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,700,000
Change: +112% · Conversion: Moderate
MEDICAL BUILDING
$9,025,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$7,740,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,350,000
Change: +61% · Conversion: Easy
RETAIL STORES
$6,475,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,390,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$8.83M
Range $7.94M – $9.71M · ±10% · vs last sale $11.75M (Jun 7 2022)
Last sale anchor
$11.75M
Jun 7 2022
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
$387 / 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
$144,891
Tax year 2024
Assessed value
$12,224,700
Assessed 2024
Previous assessed
$12,224,700
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$10,560,060
Assessed improvement
$1,664,640
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
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
22,826 SF
Lot
3.08 ac (134,102 SF)
APN
92-67-22
UPID
US09-9269010
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
RESTAURANT
Est. value
$11.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$9.0M
OFFICE BUILDING
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$7.4M
RETAIL STORES
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.4M
RESTAURANT
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
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
3.08 ac
Current owner
From public records · entity-resolved
Cref3 Clark Ave Owner LLC
Entity
Mailing address
11611 SAN VICENTE BLVD FL #10, LOS ANGELES, CA 90049-6515
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2025
—
Cref3 Clark Ave Owner LLC
—
Deed
related
$141,220,000 · Sumitomo Mitsui Banking Corp
Jul 25, 2022
—
Cref3 Clark Ave Owner LLC
—
Deed
related
$200,000 · Deutsche Bank
Jun 7, 2022
$11,750,000
Cref3 Clark Ave Owner LLC
Gerhardt Schmoeckel
Grant Deed
—
Jun 7, 2022
—
Gerhardt Schmoeckel
Jutta Schmoeckel
Intrafamily Transfer
related
—
Dec 6, 2001
$1,975,000
Schmoeckel Trust
Berkeley Farms INC
Grant Deed
—
May 4, 1999
$1,700,000
Berkeley Farms INC
Two Count Acquisition Corp
Grant Deed
—
—
—
Schmoeckel Living Trust
—
Deed Of Trust
related
$1,000,000 · 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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