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Property profile & analytics
OFF-MARKET
Estimated value
$30,000,000
Warehouses
Whipple Rd Union City, CA 94587
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6867902
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Construction
TILT-UP CONCRETE
Total area
120,450 SF
Lot
8.04 ac (350,222 SF)
APN
475-143-1-1
UPID
US09-6867902
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$30.00M
CAP Approach
CAP
$28.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.00M
Owner & transaction history
Marathon Packing Corporation · 2 yrs held
Marathon Packing Corporation
since 2024
Last sale
$30.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$47.6M
+92.9%
Office building
$40.8M
+65.5%
Auto repair, garage
$38.8M
+57.1%
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 Union City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union City 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
$30,000,000
ML approach
$30,000,000
CAP Approach
CAP Return
Estimation
6%
$30,635,000
6.5%
$28,275,000
7%
$26,255,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$24,690,000
Current use
MEDICAL BUILDING
$47,620,000
Change: +93% · Conversion: Difficult
OFFICE BUILDING
$40,845,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$38,790,000
Change: +57% · Conversion: Easy
RETAIL STORES
$34,180,000
Change: +38% · Conversion: Moderate
COMMERCIAL (GENERAL)
$33,730,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$30.00M
Range $27.00M – $33.00M · ±10% · vs last sale $30.00M (May 31 2024)
Last sale anchor
$30.00M
May 31 2024
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
$249 / 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
$80,003
Tax year 2024
Assessed value
$5,717,262
Assessed 2024
Previous assessed
$5,717,262
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$2,185,428
Assessed improvement
$3,531,834
Applied tax rate
15.0000
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
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
120,450 SF
Lot
8.04 ac (350,222 SF)
APN
475-143-1-1
UPID
US09-6867902
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
$24.7M
MEDICAL BUILDING
Est. value
$47.6M
OFFICE BUILDING
Est. value
$40.8M
AUTO REPAIR, GARAGE
Est. value
$38.8M
RETAIL STORES
Est. value
$34.2M
COMMERCIAL (GENERAL)
Est. value
$33.7M
WAREHOUSE, STORAGE Current
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
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
8.04 ac
Current owner
From public records · entity-resolved
Marathon Packing Corporation
Entity
Mailing address
2049 CENTURY PARK E STE #2600, LOS ANGELES, CA 90067-3200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
May 31, 2024
$15,000,000
Marathon Packing Corporation
Angelo M Ferro JR
Grant Deed
—
May 31, 2024
$30,000,000
Marathon Packing Corporation
Angelo M Ferro JR
Grant Deed
—
Jan 3, 2022
—
Angelo M Ferro JR
—
Deed
related
$3,000,000 · Exchange Bank
Apr 2, 2021
—
Angelo M Ferro JR
Whipple Road Associates
Intrafamily Transfer
related
—
Jul 17, 2003
—
Whipple Road Associates
Nextel Of California INC
Quit Claim Deed
related
—
—
—
Whipple Road Assocs
—
Deed Of Trust
related
$3,800,000 · Exchange Bank
—
—
Whipple Road Associates
—
Deed Of Trust
related
$1,650,000 · General American Life Ins
—
—
Whipple Road Associates
—
Deed Of Trust
related
$5,000,000 · Forethought Life Insurance Co
—
—
Whipple Road Associates
—
Deed Of Trust
related
$800,000 · California Bank & Trust
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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