Commercial Condo in Castro
For Sale
$240,000
19837 Lake Chabot Rd, Castro Valley, CA 94546
Modern, accessible commercial condo in a vibrant Castro Valley location.
Property Size455 SF
Price / SF$527.47
Days on Market736
Property Features for 19837 Lake Chabot Rd
General Information
Standard status
Active
Size
455 SF
Property subtype
Commercial
Amenities
Tar & Gravel Roof
Building Details
Year Built
1983
Listing Agency:
COMPASS
(510) 470-9114
Listed By:
GETACHEW TADESSE
(510) 367-2413
Source:
Corcoran
Added: Nov 1, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS
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Investment Insights
Based on property information with market context.
Located at 19837 Lake Chabot Road, Unit #100, in Castro Valley, this commercial condo offers a compact and functional space of 455 square feet. The ground-floor unit provides convenient access, enhanced by an elevator located nearby. On-site parking adds to the ease of access for both owners and visitors. This modern commercial condo is situated in a dynamic community, offering a blend of modern space and accessibility. The property is intended for use as an office space, providing an opportunity to enjoy an office environment along with the shopping in Castro Valley.
Key Highlights
- Ground‑floor unit provides easy access.
- Elevator access is conveniently located.
- On‑site parking available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,195
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,900
$183.9K
Cap Rate 7%
$131,357
$131.4K
Cap Rate 9%
$102,167
$102.2K
Market Conditions
NOI Build-Up for 455 SF
Gross rent
$16.4K $36.12/SF
− Vacancy
−$4.2K −$9.17/SF
EGI
$12.3K $26.95/SF
− OpEx
−$3.1K −$6.74/SF
NOI
$9.2K $20.21/SF
Area
Alameda County, CA
Vacancy
25.40%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,900
Cap Rate 7%
$131,357
Cap Rate 9%
$102,167
Alternative Uses
Best Use
Office B
$131.4K
$114.9K – $153.3K
NOI $9,195 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.07M
$1.82M – $2.42M
NOI $145,203 @ 7.0% cap · market cap 60.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,879
Businesses Nearby
Explore this area
Business Placement
Demographics for 94546, CA
46,687
Population
16,398
Households
2.8
Avg Household Size
40
Median Age
41%
College-Educated
90%
High-School Grad
16.0 sq mi
ZIP Area
2,918
Density / Sq Mi
$125,780
Median Household Income
$66,737
Median Earnings
$2,506
Median Rent
$976,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Alameda County, CA
Properties on Market for Office Units in Alameda County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Modern, accessible commercial condo in a vibrant Castro Valley location.
Where is this office unit located?
The property is located at 19837 Lake Chabot Rd Castro Valley, CA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Ground‑floor unit provides easy access.; Elevator access is conveniently located.; On‑site parking available.
