Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Office buildings
22971 Sutro St Hayward, CA 94541-6516
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-7982810
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
WOOD
Total area
5,128 SF
Lot
0.43 ac (18,530 SF)
APN
431-48-52-5
UPID
US09-7982810
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
-
Dale A. Walters, RRW Counselor
-
Janet A. Kirk, LCSW Foster Care Service Social Service Agency
-
PREP Alameda High School
-
Blaser Kelly Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.18M
Owner & transaction history
Sumitra Properties LLC · 2 yrs held
Sumitra Properties LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+50.5%
Commercial (general)
$1.5M
+15.1%
Industrial (general)
$1.4M
+10.6%
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
$1,175,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
$1,425,000
6.5%
$1,315,000
7%
$1,220,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,260,000
Current use
AUTO REPAIR, GARAGE
$1,895,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,450,000
Change: +15% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,395,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,390,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$1,365,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.18M (Jun 7 2024)
Last sale anchor
$1.18M
Jun 7 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
$229 / 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
$623
Tax year 2023
Assessed value
$1,113,843
Assessed 2024
Previous assessed
$1,092,010
+2.0% YoY
Effective rate
0.06%
On assessed value
Assessed land
$598,771
Assessed improvement
$515,072
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Bathrooms
2
Total area
5,128 SF
Lot
0.43 ac (18,530 SF)
APN
431-48-52-5
UPID
US09-7982810
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
OFFICE BUILDING Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING Current
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
1964
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Sumitra Properties LLC
Entity
Mailing address
2579 PO BOX 2701ST AVE, FREMONT, CA 94536-0701
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
$1,175,000
Sumitra Properties LLC
East Bay Community Recovery Fund
Grant Deed
—
May 23, 2018
—
East Bay Cmnty Recovery Fund
—
Deed
related
$151,750 · Bank Of Marin
May 30, 2008
$865,000
Bay Cmnty Recovery Fund East
Hanson J P & K L Living Trust
Grant Deed
$542,244 · Bank Of Alameda
Nov 20, 2003
—
Hanson,tr
Hanson,james P & Kristy L
Quit Claim Deed
related
—
Dec 31, 2002
$183,500
James P Hanson
Rogers,john J & Marlene R
Grant Deed
related
$85,900 · John J Rogers Accountancy Corp
Jul 28, 1983
$287,000
Hanson J P L|rogers
Hirshberg,lee K
Grant Deed
$205,000
Aug 1, 1981
—
—
—
Grant Deed
related
—
—
—
Bay Cmnty Recovery Fund East
—
Deed Of Trust
related
$100,000 · Bank Of Alameda
—
—
James P Hanson
—
Deed Of Trust
related
$300,000 · Us Bank Trust NA
—
—
East Bay Cmnty Recovery Fund
—
Loan Modification
related
$151,750 · Bank Of Marin
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 22971 Sutro 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.
