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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Warehouses
21602 Western Blvd, Hayward, CA 94541-2451
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8769426
Property summary
AI-generated overview
This exceptional 29,160 square foot industrial warehouse in Hayward, CA, offers 5,000 square feet of immediately available space. The single-story building boasts two drive-in doors for convenient access, a mezzanine for extra storage, and a ground-floor office with durable epoxy flooring. Recent upgrades include a new electrical panel, improved lighting, and enhanced fire safety systems. A key feature is a built-in spray booth, perfectly suited for auto body shops. The property also includes an additional 2,200 square foot fenced yard, providing ample outdoor space. Located in Alameda County at 21602 Western Blvd, Hayward, CA 94541, this versatile space is zoned for auto body shops and offers a turnkey solution for businesses seeking a well-equipped, spacious facility in a prime Bay Area location. The property is a single-tenant warehouse with no elevators. This move-in ready facility presents an excellent opportunity for automotive businesses or companies needing a well-maintained and strategically located site.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Construction
TILT-UP CONCRETE
Total area
14,807 SF
Lot
0.65 ac (28,275 SF)
APN
428-1-40
UPID
US09-8769426
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.75M
Owner & transaction history
Mila Estates LLC · 2 yrs held
Mila Estates LLC
since 2024
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,750,000
ML approach
$1,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $1.75M (Feb 27 2024)
Last sale anchor
$1.75M
Feb 27 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
$118 / 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
$4,564
Tax year 2024
Assessed value
$323,326
Assessed 2024
Previous assessed
$323,326
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$91,045
Assessed improvement
$232,281
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Units
2
Total area
14,807 SF
Lot
0.65 ac (28,275 SF)
APN
428-1-40
UPID
US09-8769426
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
Building & site characteristics
From public records
Year built
1958
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Units
2
Lot
0.65 ac
Current owner
From public records · entity-resolved
Mila Estates LLC
Entity
Mailing address
22101 MSN BLVD, HAYWARD, CA 94541-2644
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
$1,750,000
Mila Estates LLC
Cyndi Sood Parker
Grant Deed
$889,437 · Velocity Commercial Capital LLC
Feb 27, 2024
—
Bay Area Pro Auto LLC
Mila Estates LLC
Lease
$731,000 · The Mortgage Capital Development Corp
Dec 15, 2020
—
Jordan,dee Trust
Jordan Dee Trust
Quit Claim Deed
related
—
Dec 30, 1975
—
H F Jordan
—
Grant Deed
related
—
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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