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Property profile & analytics
OFF-MARKET
Estimated value
$2,170,000
Flex space
1817 Addison Way Hayward, CA 94544-6913
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7978578
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Construction
TILT-UP CONCRETE
Total area
6,353 SF
Lot
0.35 ac (15,159 SF)
APN
475-177-23
UPID
US09-7978578
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
-
Universal Herbs Inc Discount Store Clothing & Fashion Store
-
Sun Wireless Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.17M
Owner & transaction history
Cal Bayview Properties LLC · 1 yrs held
Cal Bayview Properties LLC
since 2025
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+110.9%
Neighborhood: shopping center
$2.7M
+82.3%
Auto repair, garage
$2.4M
+58.6%
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
$1,835,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,480,000
Current use
RESTAURANT
$3,125,000
Change: +111% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,700,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,350,000
Change: +59% · Conversion: Easy
RETAIL STORES
$1,840,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,745,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,715,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$1,695,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$2.17M
Range $1.95M – $2.39M · ±10% · vs last sale $2.40M (Oct 15 2024)
Last sale anchor
$2.40M
Oct 15 2024
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
$342 / 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
$26,593
Tax year 2024
Assessed value
$2,175,460
Assessed 2024
Previous assessed
$2,175,460
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$583,660
Assessed improvement
$1,591,800
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
Off-Market
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Bathrooms
1
Total area
6,353 SF
Lot
0.35 ac (15,159 SF)
APN
475-177-23
UPID
US09-7978578
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
$1.5M
RESTAURANT
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Bathrooms
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Cal Bayview Properties LLC
Entity
Mailing address
1561 POWELL ST, SAN FRANCISCO, CA 94133-3839
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$2,400,000
Cal Bayview Properties LLC
Addison Crown Holdings LLC
Grant Deed
$2,000,000 · East West Investment INC
Aug 20, 2021
—
Addison Crown Holdings LLC
—
Deed
related
$300,000 · Tmpf LLC
Mar 12, 2021
—
Arthika LLC
Universal Herbs INC
Quit Claim Deed
related
—
Mar 12, 2021
$2,050,000
Addison Crown Holdings LLC
Arthika LLC
Grant Deed
$1,025,000 · Hall Mortgage Fund LP
May 14, 2014
$880,000
Arthika LLC
Joanne Miller
Grant Deed
$447,000 · Citibank NA
Feb 5, 2007
—
Powers Jean A Trust
Powers,jean A
Quit Claim Deed
related
—
Jun 14, 2004
—
Tinkler,tr
Tinkler,dorothea E
Quit Claim Deed
related
—
Jun 23, 2003
—
Joanne Miller
Miller,tr
Quit Claim Deed
related
—
Oct 17, 1996
$425,000
Dorothea E Miller
Haddad,john F & Luz E
Grant Deed
—
Aug 7, 1992
$425,000
John Haddad
Bernhard Ernst &
Grant Deed
$383,000 · Seller
—
—
Arthika LLC
—
Deed Of Trust
related
$369,000 · Capital Access Group INC
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.
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