Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$36,520,000
Apartment buildings
22281 Ctr St Castro Valley, CA 94546-6659
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-6977602
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
92,534 SF
Lot
3.04 ac (132,500 SF)
APN
416-100-38
UPID
US09-6977602
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
by Request
CAP Approach
CAP
$27.61M
Comparable Approach
Comparable
$34.26M
Blend (final)
Blend
$36.52M
Owner & transaction history
Tlus Nse Castro Valley Fee Owner Ll · 4 yrs held
Tlus Nse Castro Valley Fee Owner Ll
since 2021
Last sale
$41.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$45.5M
+81.1%
Neighborhood: shopping center
$39.3M
+56.5%
Auto repair, garage
$34.2M
+36.2%
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 Castro Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castro Valley 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
$38,715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$29,915,000
6.5%
$27,610,000
7%
$25,640,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$25,120,000
Current use
RESTAURANT
$45,500,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$39,315,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$34,220,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$30,010,000
Change: +19% · Conversion: Moderate
RETAIL STORES
$26,815,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$25,440,000
Change: +1% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$25,145,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$36.52M
Range $32.87M – $40.17M · ±10% · vs last sale $41.00M (Dec 30 2021)
Last sale anchor
$41.00M
Dec 30 2021
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
$395 / 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
$378,676
Tax year 2023
Assessed value
$31,766,540
Assessed 2024
Previous assessed
$30,976,440
+2.6% YoY
Effective rate
1.19%
On assessed value
Assessed land
$6,242,400
Assessed improvement
$25,524,140
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
1963
Construction
WOOD
Heating
NONE
Buildings
4
Stories
2
Units
82
Rooms
478
Bathrooms
158
Total area
92,534 SF
Lot
3.04 ac (132,500 SF)
APN
416-100-38
UPID
US09-6977602
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
$25.1M
RESTAURANT
Est. value
$45.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$39.3M
AUTO REPAIR, GARAGE
Est. value
$34.2M
OFFICE BUILDING
Est. value
$30.0M
RETAIL STORES
Est. value
$26.8M
COMMERCIAL (GENERAL)
Est. value
$25.4M
INDUSTRIAL (GENERAL)
Est. value
$25.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1963
Construction
WOOD
Heating
NONE
Stories
2
Buildings
4
Units
82
Rooms
478
Bathrooms
158
Lot
3.04 ac
Current owner
From public records · entity-resolved
Tlus Nse Castro Valley Fee Owner Ll
Individual
Mailing address
15910 VENTURA BLVD STE #1450, ENCINO, CA 91436-2851
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
$41,000,000
Tlus Nse Castro Valley Fee Owner Ll
Pacific Hotels INC
Grant Deed
$25,000,000 · Jpmorgan Chase Bank NA
Oct 31, 2011
—
Pacific Hotels INC
—
Deed Of Trust
related
$17,800,000 · Wells Fargo Bank
Jul 29, 2011
$12,852,000
Pacific Hotels INC
Yeandle 1988 Trust
Grant Deed
—
Sep 13, 2010
—
Gene Yeandle
Yeandle,thomas W
Affidavit Of Death
related
—
Apr 23, 2010
—
Thomas W Yeandle
Yeandle,audrey A
Affidavit Of Death
related
—
—
—
Pacific Hotels INC
—
Deed Of Trust
related
$10,668,000 · Beech Street Capital LLC
Nov 3, 1966
—
—
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 22281 Ctr St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
