19842 Lk Chabot Rd, Castro Valley, CA 94546-4002
- Medical Office Space
- 5,842 SF
- 0.50 lot acres
Current Use by Public Records
- Medical Office Space
Property Details for 19842 Lk Chabot Rd
- Year built
- 1975
- Construction
- WOOD
- Lot size
- 0.50 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 84A-150-9-2
- APU
- 84A15092
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 18, 2025 | $2,470,000 | 19842 Lake Chabot Rd Castro Valley | Potmar Leasing LLC | Grant Deed | $2M · Bank Of America NA |
| Feb 16, 2022 | — | Potmar Leasing LLC | — | Deed · related | $822k · Heritage Bank Of Commerce |
| Nov 3, 2004 | $1,450,000 | Potmar Leasing LLC | Thornally Shirley Trust | Grant Deed | $1.2M · Wells Fargo Bank |
| Nov 3, 2004 | — | Thornally Shirley Trust | Associated Orthopaedic Surgeon | Quit Claim Deed · related | — |
| Jan 27, 1997 | — | Thornally Trust | Thornally,shirley | Quit Claim Deed · related | — |
| Nov 10, 1994 | $925,000 | Shirley C Thornally | Lee & Associates | Grant Deed | $500k · Metro Commerce Bank NA |
| — | — | Potmar Leasing LLC | — | Deed Of Trust · related | $1.1M · Wells Fargo Bk |
| — | — | Thornally Trust | — | Deed Of Trust · related | $583k · Metro Commerce Bank NA |
Description
This exceptional 5,842 square foot single-story medical office building is ideally situated across from Sutter Health Medical Center in Castro Valley, CA. Built in 1975 and extensively renovated in 2017, the property boasts ten exam rooms, an x-ray room, and a fully built-out basement including a laundry chute. The building sits on a half-acre lot providing ample private parking for sixteen vehicles. Zoned CVBD-S04, this owner-user opportunity is perfect for medical professionals seeking a prominent location in a thriving medical corridor. The asking price is $2,895,000, translating to $495.55 per square foot. This turnkey medical facility offers immediate occupancy and significant potential for growth. The property's strategic location, modern amenities, and ample parking make it an attractive investment for both owner-users and investors seeking a strong return in a high-demand market. The building's single-story design and existing medical infrastructure offer significant advantages for a seamless transition and immediate operational efficiency. This is a rare opportunity to acquire a well-maintained, high-quality medical office building in a prime Castro Valley location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,670,000
- 6.5%
- $1,540,000
- 7%
- $1,430,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,642,000
- AI Estimate
- $1,256,000
Market price range: $1.27M - $3.91MMarket price range: $404k - $1.64M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,310,000 Current use
- RESTAURANT
- $2,940,000 Change: +27% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,480,000 Change: +7% Conversion: Difficult
- OFFICE BUILDING
- $1,895,000 Change: -18% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,880,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Castro Valley
- County
- Alameda
- State
- California
- Longitude
- -122.087
- Latitude
- 37.6999
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
