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    Property profile & analytics

    20008 Meekland Ave Hayward, CA 94541-2025

    • Retail space
    • 6,085 SF
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2025
    $1,625,000
    Value Estimations
    $1,590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8061368
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • El Jalisciense / Restaurant

    Property Details for 20008 Meekland Ave

    Year built
    1953
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    6,085 SF
    Property type
    Retail space
    APN
    429-32-20-2
    APU
    42932202

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,410,000
      6.5%
      $1,300,000
      7%
      $1,210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,817,000
      Market price range: $864k - $2.29M

    • 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

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.109
    Latitude
    37.6763
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,505
    $294,562
    $942,600
    $1,237,162
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,595,000
      24,092 SF

      21756 Foothill Blvd

      RETAIL STORES (PERSONAL SERVICES) • 24,092 SF
      21756 Foothill Blvd, Hayward, CA 94541-2115
      View Details
    • Value Estimation
      $1,010,000
      9,027 SF

      22481 Foothill Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,027 SF
      22481 Foothill Blvd, Hayward, CA 94541-4024
      View Details
    • Value Estimation
      $845,000
      5,911 SF

      22268 Foothill Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,911 SF
      22268 Foothill Blvd, Hayward, CA 94541-2726
      View Details
    • Value Estimation
      $1,230,000
      6,014 SF

      19631 Hesperian Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,014 SF
      19631 Hesperian Blvd, Hayward, CA 94541-4703
      View Details
    • Value Estimation
      $1,135,000
      8,620 SF

      21222 Msn Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,620 SF
      21222 Msn Blvd, Hayward, CA 94541-2012
      View Details
    • Value Estimation by Request
      1,242 SF

      20925 Msn Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,242 SF
      20925 Msn Blvd, Hayward, CA 94541-1822
      View Details

    Similar Nearby for Sale

    • $740,000

      Retail Property in Downtown Hayward

      Five-unit retail property in downtown Hayward near BART.
      22531 Main St, Hayward, CA 94541
      View Details
    • $660,000

      Downtown Hayward Retail Building For Sale

      Single tenant retail building in Downtown Hayward near BART.
      935 B St, Hayward, CA 94541
      View Details
    • $2,050,000
      3,690 SF

      Hayward Retail Space: Prime Location

      Downtown Hayward storefront, 3,690 sq ft.
      22549 Foothill Blvd, Hayward, CA 94541
      View Details
    • $575,000
      Pending

      Corner Lot in Hayward, CA

      Commercial lot with business opportunities in Hayward, California.
      19884 Meekland Ave, Hayward, CA 94541
      View Details
    • $740,000

      Downtown Hayward Retail/Service Property

      Five-unit retail property in downtown Hayward near BART.
      22531 Main St, Hayward, CA 94541
      View Details
    • $3,888,888
      21,239 SF

      Income-Generating Commercial Property Package

      Three income-generating parcels with retail, restaurant, and office spaces.
      344 A St, Hayward, CA 94541
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,036 SF

      Retail Space in Mixed-Use Project

      Retail space available in downtown Hayward mixed-use development.
      22301 Foothill Blvd, Hayward, CA 94541
      View Details
    • Contact for pricing
      9,375 SF

      Freestanding Retail Building with Parking

      Retail building with showroom, warehouse, and easy freeway access.
      21732 Foothill Blvd, Hayward, CA 94541
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Hayward, CA

      Ground floor retail space available in downtown Hayward.
      22335 Foothill Blvd, Hayward, CA 94541
      View Details
    • Contact for pricing

      Drive-Through Cafe Space Available

      2,345 SF ground floor drive-through cafe in Hayward, CA.
      22101 Hesperian Blvd, Hayward, CA 94541
      View Details
    • Contact for pricing

      Retail Space in Creekside Center

      Retail space available in a busy Hayward shopping center.
      20800 Mission Blvd, Hayward, CA 94541
      View Details
    • Contact for pricing
      29,981 SF

      Retail Space on Mission Boulevard

      Highly visible retail property available for lease on Mission Boulevard.
      20800-20966 Mission Blvd, Hayward, CA 94541
      View Details
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    20008 Meekland Ave
    Hayward, CA 94541-2025
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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