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37372-37390 Niles Blvd 5,726 SF 100% Leased Retail Building Fremont, CA 94536 $2,499,000 ($436.43/SF) 3.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Historic Niles location
- Great traffic and locals favorite - Skillets
EXECUTIVE SUMMARY
Historic Niles location. Commercial/Retail building featuring Skillet's cafe - a local favorite for dining. Three tenants in total with leases thru 2029 and 2030. Other tenants are a tea shop and antique store. Please do not disturb tenants/occupants. Contact agent for more information.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,726 SF
Building Class
C
Year Built
1920
Price
$2,499,000
Price Per SF
$436.43
Cap Rate
3.60%
NOI
$89,964
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.91
Lot Size
0.14 AC
Zoning
CC - Retail stores/restaurants
Frontage
115’ on Niles Blvd
PROPERTY TAXES
| Parcel Number | 507-0280-005-00 | Total Assessment | $1,697,920 (2025) |
| Land Assessment | $530,600 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,167,320 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
507-0280-005-00
Land Assessment
$530,600 (2025)
Improvements Assessment
$1,167,320 (2025)
Total Assessment
$1,697,920 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 10
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Presented by
C. Harry Firestone, Jr., Broker
37372-37390 Niles Blvd
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