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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Retail space
20008 Meekland Ave Hayward, CA 94541-2025
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8061368
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Construction
WOOD
Total area
6,085 SF
Lot
0.19 ac (8,491 SF)
APN
429-32-20-2
UPID
US09-8061368
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
-
El Jalisciense Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.59M
Owner & transaction history
Gurbinder Sokhi · 1 yrs held
Gurbinder Sokhi
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.6M
+57.0%
Auto repair, garage
$2.3M
+36.6%
Commercial (general)
$1.7M
+4.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,410,000
6.5%
$1,300,000
7%
$1,210,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,645,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,585,000
Change: +57% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,250,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,720,000
Change: +4% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,655,000
Change: +0% · Conversion: Difficult
MEDICAL BUILDING
$1,625,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$1,495,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±10% · vs last sale $1.63M (Mar 1 2025)
Last sale anchor
$1.63M
Mar 1 2025
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
$261 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,505
Tax year 2023
Assessed value
$1,237,162
Assessed 2024
Previous assessed
$1,212,907
+2.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$294,562
Assessed improvement
$942,600
Applied tax rate
59.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
4
Bathrooms
5
Total area
6,085 SF
Lot
0.19 ac (8,491 SF)
APN
429-32-20-2
UPID
US09-8061368
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
RETAIL STORES Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
OFFICE 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
1953
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
4
Bathrooms
5
Lot
0.19 ac
Current owner
From public records · entity-resolved
Gurbinder Sokhi
Individual
Mailing address
32 CALAFIA CT, SAN RAFAEL, CA 94903-3104
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2025
$1,625,000
Gurbinder Sokhi
Phillip H Shamlian
Grant Deed
—
Aug 11, 2014
$1,050,000
Shamlian,phillip H & I P Trust
Rasheed,talat & Basima
Grant Deed
—
Sep 1, 1994
—
Talat Rasheed
Nguy,quan A & Hi
Grant Deed
related
—
Jun 29, 1993
—
County Of Alameda
Nguy,q./du,h.
Grant Deed
related
—
Jul 23, 1991
$430,000
Quan Nguy
Pres,l.
Grant Deed
$344,000 · Individual
—
—
Talat Rasheed
—
Deed Of Trust
related
$200,000 · Bank Of The West
—
—
Talat Rasheed
—
Deed Of Trust
related
$385,000 · Us Bank NA
—
—
Talat Rasheed
—
Deed Of Trust
related
$300,000 · Greenpoint Mortgage Funding
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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