Office Building with Solar
22093 Redwood Road Castro Valley, CA 94546
22093 Redwood Road, Castro Valley, CA, 94546
$749,000
For Sale
$749,000
Fully occupied office building with six private offices and gated driveway, with solar panel system.
Property Size1,904 SF
Price / SF$393.38
Days on Market156
Property Features for 22093 Redwood Road
General Information
- Standard status
- Active
- Size
- 1,904 SF
- Property subtype
- Office
Building Details
- Year Built
- 1948
Listing agency
Susan Azar, Broker
(619) 565-5641
Listed by
Susan Azar
Source
Xome
Added: Feb 15 Updated: Jul 21 at 7:15AM Checked: Jul 21 at 7:15AM
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 Susan Azar, Broker
Investment Insights
Based on property information with market context.
This fully occupied office building is configured with six private offices, a waiting room, a galley kitchen, and additional tenant conveniences including washer and dryer as well as storage space. The property also features a gated driveway and a solar panel system.
The building provides great visibility on Redwood Road and offers easy freeway access. It is located near shops, restaurants, and medical buildings.
The property is zoned for Office Only. The current rent collection is described as $62,000 annually, with room noted by the seller to increase income through market rent adjustments and the addition of triple net terms.
The building provides great visibility on Redwood Road and offers easy freeway access. It is located near shops, restaurants, and medical buildings.
The property is zoned for Office Only. The current rent collection is described as $62,000 annually, with room noted by the seller to increase income through market rent adjustments and the addition of triple net terms.
Key Highlights
- Fully occupied office building currently generating $62,000 in annual rent
- Office layout includes six private offices plus a waiting room and galley kitchen
- Zoned for office only (C‑O Commercial Office B)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.8k | $36.12 |
| − Vacancy | −$17.5k | −$9.17 |
| EGI | $51.3k | $26.95 |
| − OpEx | −$12.8k | −$6.74 |
| NOI | $38.5k | $20.21 |
1,904 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$549.7K
$481.0K – $641.3K
NOI $38,478 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$8.68M
$7.60M – $10.13M
NOI $607,617 @ 7.0% cap · market cap 81.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Fully occupied office building with six private offices and gated driveway, with solar panel system.
Where is this office building located?
The property is located at 22093 Redwood Road Castro Valley, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Fully occupied office building currently generating $62,000 in annual rent; Office layout includes six private offices plus a waiting room and galley kitchen; Zoned for office only (C‑O Commercial Office B)
