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Property profile & analytics
OFF-MARKET
Estimated value
$5,865,000
Apartment buildings
22120 Ctr St Hayward, CA 94546-6653
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8040953
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
WOOD
Total area
31,185 SF
Lot
0.94 ac (40,800 SF)
APN
417-20-2-2
UPID
US09-8040953
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
-
Shadow Creek Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.87M
Owner & transaction history
Wsb Morse LLC · 1 yrs held
Wsb Morse LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.0M
+6.8%
Commercial (general)
$8.6M
+1.3%
Industrial (general)
$8.5M
+0.1%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,465,000
Current use
RETAIL STORES
$9,035,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,575,000
Change: +1% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,475,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$5.87M
Range $5.28M – $6.45M · ±10%
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
$188 / 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
$130,430
Tax year 2023
Assessed value
$9,948,349
Assessed 2024
Previous assessed
$9,753,536
+2.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$2,984,625
Assessed improvement
$6,963,724
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1975
Construction
WOOD
Heating
NONE
Buildings
4
Stories
3
Units
30
Rooms
138
Bathrooms
39
Total area
31,185 SF
Lot
0.94 ac (40,800 SF)
APN
417-20-2-2
UPID
US09-8040953
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.5M
RETAIL STORES
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$8.6M
INDUSTRIAL (GENERAL)
Est. value
$8.5M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1975
Construction
WOOD
Heating
NONE
Stories
3
Buildings
4
Units
30
Rooms
138
Bathrooms
39
Lot
0.94 ac
Current owner
From public records · entity-resolved
Wsb Morse LLC
Entity
Mailing address
558 BREWSTER AVE STE #102, REDWOOD CITY, CA 94063-1684
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
Jul 11, 2025
—
Wsb Morse LLC
875 Woodside LLC
Grant Deed
—
Feb 26, 2025
—
B75 Woodside LLC
Wsb Morse LLC
Grant Deed
—
Apr 28, 2022
—
875 Woodside LLC
—
Deed
related
$4,300,000 · Lake 1925 LP
Jun 23, 2021
$15,000,000
875 Woodside LLC
Shadow Creek Associates
Grant Deed
$10,200,000 · Pacific Western National Bank
Dec 23, 2019
—
Shadow Creek Associates
—
Deed
related
$1,000,000 · Miscellaneous Ins Co
Mar 11, 1997
—
Shadow Creek Assoc
—
Deed Of Trust
related
$1,600,000 · Citibank Fsb
Feb 6, 1992
—
Creek Ass Shadow
—
Quit Claim Deed
related
$1,000,000 · Bank Of America
Feb 14, 1974
—
Shadow Creek Associates
—
Grant Deed
related
—
—
—
Shadow Creek Associates LP
—
Deed Of Trust
related
$1,050,000 · State Life Ins Co
—
—
Shadow Creek Associates
—
Deed Of Trust
related
$1,000,000 · Miscellaneous Ins Co
—
—
Shawod Creek Associates
—
Deed Of Trust
related
$1,500,000 · Citibank Fsb
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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