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    4877 Hopyard Rd Pleasanton, CA 94588

    • Neighborhood centers
    • 89,503 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mark Ballas Dance and Performing Arts / Event Venue / Physical Fitness Program
    • Animal Eye Care / Veterinarian

    Property Details for 4877 Hopyard Rd

    Year built
    1989
    Property size
    89,503 SF
    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    Gateway Square, located in Alameda County's Hacienda Business Park, presents a prime retail investment opportunity. This single-tenant, 89,503 square foot neighborhood center boasts 6,000 square feet of readily available space, situated on a generous 9.8-acre lot. Built in 1989, the property offers ample parking with a ratio of 4.88 spaces per 1,000 square feet. The center is part of a thriving 88,000+ square foot open-air community center, serving over 475 businesses within the park. Its strategic location, with convenient access via Stoneridge Cross Street, ensures high visibility and accessibility for customers. The property's existing tenant mix includes established businesses like Chili's, indicating a strong and stable market presence. This presents a unique chance to acquire a well-positioned retail space within a bustling business park, offering significant potential for growth and return on investment. The substantial vacant space provides an excellent opportunity for a variety of retail uses, capitalizing on the existing high traffic and established clientele of the surrounding businesses. The property's size and location make it an ideal candidate for expansion or redevelopment, catering to the needs of the thriving Hacienda Business Park community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pleasanton
    County
    Alameda
    State
    California
    Longitude
    -121.902
    Latitude
    37.6934

    Comparable in this City

    • Value Estimation by Request
      67,098 SF

      2755 Hopyard Rd

      Neighborhood centers • 67,098 SF
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    • Value Estimation by Request
      54,430 SF

      4501-4747 Hopyard Rd

      Lifestyle centers • 54,430 SF
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    • Value Estimation by Request
      89,503 SF

      4855 Hopyard Rd

      Neighborhood centers • 89,503 SF
      4855 Hopyard Rd, Pleasanton, CA 94588
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    • Value Estimation by Request
      111,816 SF

      2733 Stoneridge Dr

      MINI-MALL • 111,816 SF
      2733 Stoneridge Dr, Pleasanton, CA 94588-8408
      View Details
    • Value Estimation
      $7,280,000
      10,000 SF

      5323 Hopyard Rd

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      5323 Hopyard Rd, Pleasanton, CA 94588
      View Details
    • Value Estimation
      $565,000
      26,523 SF

      4040 Pimlico Dr

      SHOPPING CENTER, STRIP CENTER • 26,523 SF
      4040 Pimlico Dr, Pleasanton, CA 94588-3485
      View Details

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    Pleasanton, CA 94588
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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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