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Property profile & analytics
OFF-MARKET
Estimated value
$8,500,000
Apartment buildings
22230 Gdn Ave Hayward, CA 94541-6067
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-8510605
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1981
Construction
WOOD
Total area
30,003 SF
Lot
1.32 ac (57,499 SF)
APN
432-36-8-3
UPID
US09-8510605
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
$8.50M
CAP Approach
CAP
$8.96M
Comparable Approach
Comparable
$10.13M
Blend (final)
Blend
$8.50M
Owner & transaction history
Garden Ave Hayward LLC · 2 yrs held
Garden Ave Hayward LLC
since 2024
Last sale
$8.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.7M
+76.3%
Auto repair, garage
$11.1M
+53.4%
Commercial (general)
$8.5M
+17.3%
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
$8,500,000
ML approach
$8,500,000
CAP Approach
CAP Return
Estimation
6%
$9,700,000
6.5%
$8,955,000
7%
$8,315,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,230,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,745,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,095,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,485,000
Change: +17% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$8,155,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$8,120,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$8,000,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$8.50M
Range $7.65M – $9.35M · ±10% · vs last sale $8.50M (May 14 2024)
Last sale anchor
$8.50M
May 14 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
$283 / 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
$122,975
Tax year 2023
Assessed value
$9,375,345
Assessed 2024
Previous assessed
$9,180,000
+2.1% YoY
Effective rate
1.31%
On assessed value
Assessed land
$2,392,920
Assessed improvement
$6,982,425
Applied tax rate
25.0000
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
1981
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
29
Bathrooms
57
Total area
30,003 SF
Lot
1.32 ac (57,499 SF)
APN
432-36-8-3
UPID
US09-8510605
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
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.7M
AUTO REPAIR, GARAGE
Est. value
$11.1M
COMMERCIAL (GENERAL)
Est. value
$8.5M
INDUSTRIAL (GENERAL)
Est. value
$8.2M
RETAIL STORES
Est. value
$8.1M
MEDICAL BUILDING
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1981
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
29
Bathrooms
57
Lot
1.32 ac
Current owner
From public records · entity-resolved
Garden Ave Hayward LLC
Entity
Mailing address
467 SARATOGA AVE #1450, SAN JOSE, CA 95129-1326
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
May 14, 2024
$8,500,000
Garden Ave Hayward LLC
Mary Marquez
Grant Deed
$5,300,000 · Mechanics Bank
Sep 7, 2021
—
Maria Marquez
Maria Marquez
Intrafamily Transfer
related
—
Apr 8, 1982
—
Maximino Marquez
—
Grant Deed
related
—
—
—
Maximino Marquez
—
Deed Of Trust
related
$500,000 · World Savings Bank
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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