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    Property profile & analytics

    234 Sunset Blvd Hayward, CA 94541-3830

    • Assisted living facilities
    • 3,798 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Apr 22, 2022
    $750,000
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6898708
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ABC-Lodge Residential Care / Nursing Home / Retirement Community

    Property Details for 234 Sunset Blvd

    Year built
    1928
    Construction
    WOOD
    Lot size
    0.44 lot acres
    Property size
    3,798 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    429-59-33
    APU
    4295933

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $775,000
      ML approach
      $660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,021,000
      Market price range: $423k - $1.77M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $1,120,000
      Current use
      COMMERCIAL (GENERAL)
      $1,075,000
      Change: -4% Conversion: Difficult
      RETAIL STORES
      $1,030,000
      Change: -8% Conversion: Difficult
      MEDICAL BUILDING
      $1,015,000
      Change: -10% Conversion: Difficult
      OFFICE BUILDING
      $935,000
      Change: -17% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.102
    Latitude
    37.6729
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,537
    $330,759
    $539,660
    $870,419
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,463 SF

      22240 Montgomery St

      HOMES (RETIRED, NURSING) • 4,463 SF
      22240 Montgomery St, Hayward, CA 94541-3942
      View Details
    • Value Estimation
      $10,140,000
      187,926 SF

      1200 Russell Way

      HOMES (RETIRED, NURSING) • 187,926 SF
      1200 Russell Way, Hayward, CA 94541-7708
      View Details
    • Value Estimation by Request
      6,972 SF

      553 Smalley Ave

      HOMES (RETIRED, NURSING) • 6,972 SF
      553 Smalley Ave, Hayward, CA 94541-4919
      View Details
    • Value Estimation by Request
      1,696 SF

      20424 Haviland Ave

      HOMES (RETIRED, NURSING) • 1,696 SF
      20424 Haviland Ave, Hayward, CA 94541-1967
      View Details
    • Value Estimation by Request
      1,757 SF

      3336 Bridle Dr

      HOMES (RETIRED, NURSING) • 1,757 SF
      3336 Bridle Dr, Hayward, CA 94541-5706
      View Details
    • Value Estimation
      $1,480,000
      2,656 SF

      143 Hampton Rd

      HOMES (RETIRED, NURSING) • 2,656 SF
      143 Hampton Rd, Hayward, CA 94541-1342
      View Details

    Similar Nearby for Sale

    • $3,800,000
      Pending

      Hayward Adult Residential Facility

      Adult residential facility with 32 beds in Hayward, California.
      263 Medford Ave, Hayward, CA 94541
      View Details
    • New
      $1,800,000
      2,301 SF

      Income-Generating Property in Fairview Hills

      Two detached homes on 1.25 acres with subdivision potential.
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    • $550,000
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      World Famous Turf Club

      High-profile legacy business with full bar and liquor license.
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    • $1,100,000
      1.45 Acres

      Expansive Hayward Land Opportunity

      1.45-acre vacant lot suitable for development or private compound.
      Hidden Oaks Dr, Hayward, CA 94541
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    • $740,000

      Retail Property in Downtown Hayward

      Five-unit retail property in downtown Hayward near BART.
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      Hayward Commercial Land Investment

      Prime Hayward location, mixed-use potential.
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    Similar Nearby for Lease

    • $2,500 /Mo

      Hayward Ground Floor Retail/Office

      Ground floor retail, medical, or office spaces available for lease.
      1320 Apple Ave, Hayward, CA 94541
      View Details
    • $2,200 /Mo

      Turnkey Medical Offices for Lease

      Ready-to-occupy medical offices in Hayward, CA, with various features.
      21297 Foothill Blvd, Hayward, CA 94541
      View Details
    • Contact for pricing
      9,375 SF

      Freestanding Retail Building with Parking

      Retail building with showroom, warehouse, and easy freeway access.
      21732 Foothill Blvd, Hayward, CA 94541
      View Details
    • Contact for pricing
      3,036 SF

      Retail Space in Mixed-Use Project

      Retail space available in downtown Hayward mixed-use development.
      22301 Foothill Blvd, Hayward, CA 94541
      View Details
    • $36 SF/Yr
      9,846 SF

      Hayward Office Space Available

      Second-floor office space with meeting room and kitchen for rent.
      971 B St, Hayward, CA 94541
      View Details
    • Contact for pricing
      2,680 SF

      Downtown Hayward Office Space

      Office space in downtown Hayward with parking and amenities.
      1044 C St, Hayward, CA 94541
      View Details
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    Hayward, CA 94541-3830
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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