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    Remodeled Office Space in Castro Title is generated by Realmo AI

    20819 Nunes Ave, Castro Valley, CA 94546

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    Claim this Listing
    For Lease
    $2,350/Mo $12 SF/Yr (calc)

    COMMERCIAL - Castro Valley, CA

    Type:Office
    Property size:
    2,275 SF
    Lot size:
    0.11 Acres
    Added:
    Feb 12, 2026
    Days on Market:
    85
    Last Refresh:
    May 8 at 7:06 pm

    Property Features for 20819 Nunes Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    On Street
    Standard status
    Active
    APN
    84A179
    Size
    2,275 SF
    Lot size
    0.11 Acres

    Building Details

    Year built
    1951
    Building materials
    Stucco
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Tim Fiebig

    Listing agent Tim Fiebig License #00657474

    Listing office EXP Realty of California, Inc 2603 Camino Ramon Ste 200, San Ramon, CA

    Listing date Feb 12, 2026

    MLS# 41123843

    Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown location in the Theater District offers visibility and accessibility.
    • Modern, remodeled space with a flexible layout including open areas, separate offices, conference/work rooms, and dedicated storage.
    • Recently painted and updated with laminate flooring throughout.
    • Efficient heating and cooling via modular units for year‑round comfort.
    • Partially covered outdoor patio provides a convenient area for breaks or lunch.
    • Some existing office furniture may remain for tenant use, if desired.

    Overview

    Located in the Theater District of downtown Castro Valley, this remodeled commercial space offers a flexible layout featuring both open areas and separate offices, providing options for privacy. Conference and work rooms are available, along with dedicated storage space. The interior has been recently painted and updated, featuring laminate flooring throughout. Modular heating and cooling units provide year-round climate control. A partially covered outdoor patio offers a convenient space for breaks. Some existing office furniture may remain for tenant use. The location provides visibility and accessibility, and the versatile floor plan supports collaboration. Modern finishes create a professional environment. The property is suitable for professional offices, creative firms, boutique services, or teams seeking a contemporary downtown presence. The property has a lot size of 0.1091 acres and a property size of 2275 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Castro Valley
    County
    Alameda
    State
    California
    Longitude
    -122.0823355
    Latitude
    37.6947804

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    FAQs

    What type of property is this?
    Office units - Modern, flexible office space in downtown Castro Valley.
    Where is this office units located?
    The property is located at 20819 Nunes Ave Castro Valley, CA.
    What is the lease rate?
    The lease rate is $2,350 /Mo.
    What are key features of this property?
    This property features: Prime downtown location in the Theater District offers visibility and accessibility.; Modern, remodeled space with a flexible layout including open areas, separate offices, conference/work rooms, and dedicated storage.; Recently painted and updated with laminate flooring throughout.
    (510) 708-8700
    We can help!
    Listing Contact
    Tim Fiebig
    Real Estate License ID: 00657474
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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