Three-Suite Mixed-Use
For Sale
$748,800
20835 Chester St, Castro Valley, CA 94546
Commercial Sale, Castro Valley, CA
Property Size1,336 SF
Lot Size0.13 Acres
Price / SF$560.48
Days on Market29
Property Features for 20835 Chester St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com Retail
Parking features
On Street
Exterior features
Landscaping
Fencing
Fenced
Subdivision
Down Town
Lot features
B A R T Nearby, County, Freeway Nearby, Hospital Nearby, Restaurant Nearby, Shopping Center Nearby, Shopping Nearby
Directions
Downtown Castro Valley Blvd. Left or Right on Chester St.
Standard status
Active
APN
84A3754
Size
1,336 SF
Lot size
0.13 Acres
Utilities
Heating system
Natural Gas
Amenities
landscaped
Building Details
Year built
1956
Floors in Building
1
Flooring type
Carpet, Vinyl
Building materials
Stucco
Roof type
Composition
Listing Agency:
Vetted Real Estate
(510) 886-1100
Listed By:
David Wilhite · License #00759835
(510) 329-8984
Added: Jul 25
Changed: Aug 22
Last Checked: Aug 22 at 10:06AM
MLS# 41142499
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.
Investment Insights
Based on property information with market context.
This single-story mixed-use property contains approximately 1,336 square feet of leasable area across three suites. The building dates to 1956 and features stucco construction, a composition roof, vinyl and carpet flooring, natural-gas heating, fencing, and landscaped exterior areas. Zoning is identified as Com Retail.
The property is located at 20835 Chester St in downtown Castro Valley, California, within the 94546 ZIP code. On-street parking is listed among the site features. One suite is occupied by the successor trustee seller’s family business, while the existing tenants have expressed interest in remaining. The parcel encompasses 0.1269 acres and provides a compact commercial setting for continued retail or office occupancy.
The property is located at 20835 Chester St in downtown Castro Valley, California, within the 94546 ZIP code. On-street parking is listed among the site features. One suite is occupied by the successor trustee seller’s family business, while the existing tenants have expressed interest in remaining. The parcel encompasses 0.1269 acres and provides a compact commercial setting for continued retail or office occupancy.
Key Highlights
- Three‑suite, single‑story mixed‑use building
- Approximately 1,336 square feet of leasable area
- Com Retail zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,054
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,080
$541.1K
Cap Rate 7%
$386,486
$386.5K
Cap Rate 9%
$300,600
$300.6K
Market Conditions
NOI Build-Up for 1,336 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.1K $36.00/SF
− Vacancy
−$4.8K −$3.60/SF
EGI
$43.3K $32.40/SF
− OpEx
−$16.2K −$12.15/SF
NOI
$27.1K $20.25/SF
Area
Alameda County, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,080
Cap Rate 7%
$386,486
Cap Rate 9%
$300,600
Alternative Uses
Best Use
Retail
$6.09M
$5.33M – $7.11M
NOI $426,353 @ 7.0% cap · market cap 56.94%
Second Best
Mixed Use
$386.5K
$338.2K – $450.9K
NOI $27,054 @ 7.0% cap · market cap 3.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,523
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Single-story commercial property with three suites and landscaped grounds in downtown Castro Valley.
Where is this mixed-use property located?
The property is located at 20835 Chester St Castro Valley, CA.
What is the asking price?
The asking price for this property is $748,800.
What are key features of this property?
This property features: Three‑suite, single‑story mixed‑use building; Approximately 1,336 square feet of leasable area; Com Retail zoning
