Technical
Financial
Distress signals
Property profile

15251 Hesperian Blvd San Leandro, CA 94578

OFF-MARKET
Retail space
Property ID
US09-8134019
11,180 SF 0.94 ac lot Built 1988
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A retail property, formerly a popular hot dog establishment, presents a unique investment opportunity. The 1,331 square foot space boasts a high-visibility end-cap location within a two-building complex, offering excellent street exposure and ample foot traffic. The property includes a substantial dining area, a service counter, a back room ideal for prep work, one small and one large storage room, and a restroom. The existing commercial kitchen equipment, including a steam hood and sinks, remains in place, providing a significant advantage for a quick and cost-effective setup. With 52 total parking spaces available across both buildings, customer convenience is ensured. Built in 1988, the property's total square footage is 11,297, indicating a substantial overall complex. The strategic location across from the Bayfair BART station and approximately three blocks from the intersection of Interstates 238 and 880 provides unparalleled accessibility and exposure to a large customer base. This turnkey restaurant space is ready for immediate occupancy and presents a rare opportunity to establish a thriving business in a high-demand area. The single-tenant occupancy simplifies management and offers a clear path to profitability. This property is perfect for a variety of food service concepts seeking a well-established and convenient location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Construction TILT-UP CONCRETE
Total area 11,180 SF
Lot 0.94 ac (40,776 SF)
APN 77C-1269-9-7
UPID US09-8134019

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Restaurant
  • Cafe & Coffee Shop
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Hair Salon Nail Salon

Location

15251 Hesperian Blvd San Leandro, CA 94578-3961
San Leandro metro Census 433102 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.00M
Blend (final) Blend
$2.14M

Owner & transaction history

since 2024
6 recorded transactions
2024
Price N/A
2023
Price N/A
2021
Price N/A
2013
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $3.5M +27.5%
Commercial (general) $3.4M +25.1%
Apartment house (5+ units) $2.8M +2.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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