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    Property profile & analytics
    OFF-MARKET Estimated value $2,140,000
    Retail space

    15251 Hesperian Blvd, San Leandro, CA 94578-3961

    11,180 SF 0.94 ac lot Built 1988
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US09-8134019
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 9Round Kickboxing Fitness Gym & Fitness Center
    • Kasper's Hot Dogs Restaurant
    • Hay Tea Cafe & Coffee Shop
    • Trendz Eastbay Clothing & Fashion Store (Bike/Boat/Book/etc) Store
    • Fancy Cut Hair Salon Nail Salon
    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
    15251 Hesperian LLC · 2 yrs held
    15251 Hesperian LLC
    since 2024
    6 recorded transactions
    2024
    2023
    2021
    2013
    2006
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $3.5M +27.5%
    Commercial (general) $3.4M +25.1%
    Apartment house (5+ units) $2.8M +2.9%
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