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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Commercial land
22877 Msn Blvd Hayward, CA 94541-6601
Entity Owned
6-yr Hold
Free & Clear
Property ID
US09-8403629
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1955
Construction
WOOD FRAME
Total area
4,035 SF
Lot
0.27 ac (11,839 SF)
APN
428-81-67-1
UPID
US09-8403629
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
-
Celebration Commodities Co. Party Supply Store Rental Equipment Company
-
Dr. Rachel Adams Medical Group
-
El Causa Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
$1.08M
Comparable Approach
Comparable
$783k
Blend (final)
Blend
$860k
Owner & transaction history
Tan Family Investments LLC · 6 yrs held
Tan Family Investments LLC
since 2020
Last sale
$875,000
6 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
$835,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,080,000
7%
$1,005,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,140,000
Current use
RETAIL STORES
$1,090,000
Change: -4% · Conversion: Easy
MEDICAL BUILDING
$1,075,000
Change: -6% · Conversion: Easy
OFFICE BUILDING
$990,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $875k (Jun 17 2020)
Last sale anchor
$875k
Jun 17 2020
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
$213 / 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
$11,401
Tax year 2023
Assessed value
$938,165
Assessed 2024
Previous assessed
$919,773
+2.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$804,142
Assessed improvement
$134,023
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1955
Construction
WOOD FRAME
Heating
NONE
Stories
1
Bathrooms
4
Total area
4,035 SF
Lot
0.27 ac (11,839 SF)
APN
428-81-67-1
UPID
US09-8403629
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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$990,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
OFFICE 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
1955
Construction
WOOD FRAME
Heating
NONE
Stories
1
Bathrooms
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Tan Family Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
890 7TH AVE, SAN BRUNO, CA 94066-3227
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2020
$875,000
Tan Family Investments LLC
Perillo Trust
Grant Deed
—
Jun 17, 2020
—
Otip,leonard A P Trust
Leonard A Perillo
Affidavit Of Death
related
—
Jan 8, 2019
—
Bypass,leonard A P Trust
Leonard A Perillo
Affidavit Of Death
related
—
Jul 1, 2009
—
City Of Hayward
Perillo Trust
Grant Deed
—
Dec 19, 2007
—
Perillo Trust A
Perillo L A & D A Trust
Quit Claim Deed
related
—
Jun 14, 1974
$10,500
Perillo,leonard A & Doris A Trust
Perillo,leonard Albert
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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