Entity Owned 
For Sale
1 / 27
$11,900,000
2275 Grove Way, Castro Valley, CA 94546
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Property summary
AI-generated overview
Terra Castro Valley is a 37-unit apartment community built in 1964, comprising approximately 35,164 square feet of residential space on a 1.56-acre parcel in Castro Valley, California (East Bay). The community is configured with one-bedroom and two-bedroom townhouse-style floor plans, supporting a range of household sizes. Updates and capital improvements include renovations in select units such as updated kitchens with granite countertops, stainless steel appliances, hardwood-style flooring, and renovated bathrooms.
Property profile
Verified
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
35,164 SF
Lot
1.56 ac (68,000 SF)
APN
415-100-103
UPID
US09-9200458
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Apartment Building
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.68M
Owner & transaction history
since 2019
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Retail stores
$10.2M
+6.8%
Commercial (general)
$9.7M
+1.3%
Industrial (general)
$9.6M
+0.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 10 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.68M
Value range
$6.01M – $7.35M
±10% around blend
Estimated value / SF
$190 / SF
Confidence
High
10 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$6.01M
blend $6.68M
$7.35M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,164 SF
Lot area
1.56 ac
Year built
1964
Stories
2
APN
415-100-103
Assessed value
$13,837,548
Annual tax
$185,197
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$185,197
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$12.20M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.9 mi away · 24,864 SF
1.2 mi away · 45,476 SF
6.3 mi away · 27,384 SF
12.0 mi away · 42,895 SF
15.0 mi away · 26,250 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.68M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 33 sales
$271
-30%
Submarket 172 sales
$255
-26%
County 1386 sales
$244
-22%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $190/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+7%
vs current-use indication
Commercial (general)
Industrial (general)
Apartment House (5+ Units) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
4.28%
Selected cap rate for this other apartment buildings
Derived from the Castro Valley market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.28%
9.0%
NOI (est.)
$509k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.90M
Move the market yield to see immediate price impact.
Value / SF
$338
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.78%4.28%4.78%
$458k
$12.13M
$10.71M
$9.59M
$509k
$13.48M
$11.90M
$10.66M
$560k
$14.82M
$13.09M
$11.72M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$15.60M
0.6 mi · Jan 2026 · $383/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$185,197
Tax year 2023
Assessed value
$13,837,548
Assessed 2024
Previous assessed
$13,571,050
+2.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$4,138,653
Assessed improvement
$9,698,895
Applied tax rate
59.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1964
Construction
WOOD
Heating
NONE
Buildings
8
Stories
2
Units
37
Bathrooms
46
Total area
35,164 SF
Lot
1.56 ac (68,000 SF)
APN
415-100-103
UPID
US09-9200458
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Stories
2
Buildings
8
Units
37
Bathrooms
46
Lot
1.56 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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