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Property profile & analytics
FOR LEASE
Flex space
1190 Zephyr Ave Hayward, CA 94544
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8467374
For Lease
$9,145,000
1190 Zephyr Ave, Hayward, CA 94544
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1971
Construction
TILT-UP CONCRETE
Total area
48,560 SF
Lot
2.12 ac (92,350 SF)
APN
475-31-8
UPID
US09-8467374
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ate Logistics Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.23M
CAP Approach
CAP
$7.89M
Comparable Approach
Comparable
$8.26M
Blend (final)
Blend
$9.15M
Owner & transaction history
Hayward Zephyr LLC · 4 yrs held
Hayward Zephyr LLC
since 2021
Last sale
$9.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$14.1M
+24.3%
Commercial (general)
$13.4M
+17.9%
Apartment house (5+ units)
$13.1M
+15.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hayward submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hayward submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,735,000
ML approach
$9,225,000
CAP Approach
CAP Return
Estimation
6%
$8,545,000
6.5%
$7,885,000
7%
$7,325,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,320,000
Current use
RETAIL STORES
$14,075,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$13,350,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,100,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$12,950,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$9.15M
Range $8.23M – $10.06M · ±10% · vs last sale $9.75M (Aug 25 2021)
Last sale anchor
$9.75M
Aug 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$188 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$192,941
Tax year 2024
Assessed value
$15,588,900
Assessed 2024
Previous assessed
$15,588,900
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$5,202,000
Assessed improvement
$10,386,900
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
48,560 SF
Lot
2.12 ac (92,350 SF)
APN
475-31-8
UPID
US09-8467374
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$11.3M
RETAIL STORES
Est. value
$14.1M
COMMERCIAL (GENERAL)
Est. value
$13.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.1M
MEDICAL BUILDING
Est. value
$13.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
2.12 ac
Current owner
From public records · entity-resolved
Hayward Zephyr LLC
Entity
Mailing address
1530 OBRIEN DR STE C, MENLO PARK, CA 94025-1454
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2021
$9,750,000
Hayward Zephyr LLC
Mike C Chu And Sandy M Chu LLC
Grant Deed
—
May 20, 2011
$3,250,000
Mike C Chiu & Sandy M Chiu LLC
Thomas R White
Grant Deed
$1,640,000 · Wells Fargo Bank NA
Sep 29, 2006
—
White Family 1995 Trust
—
Deed Of Trust
related
$1,200,000 · Mechanics Bank
Jul 28, 1997
$1,750,000
White Trust
Stroh,marven W
Grant Deed
—
Aug 5, 1996
$607,818
Marven W Stroh
Stroh Trust
Grant Deed
related
$607,905 · Seller
—
—
Mike C Chu & Sandy M Chu LLC
—
Deed Of Trust
related
$2,736,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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