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Property profile & analytics
OFF-MARKET
Life science properties
23585 Connecticut St Hayward, CA 94545-2747
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7982811
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1979
Construction
TILT-UP CONCRETE
Total area
20,000 SF
Lot
1.15 ac (50,000 SF)
APN
439-36-80
UPID
US09-7982811
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
-
Bay Area Cabling Contractor Telecommunications Service
-
OAS Electronics Electronics & Wireless Store
-
Jerry's Fireplaces Hardware & Home Improvement
-
Golden Pacific Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patrick Gorman · 3 yrs held
Patrick Gorman
since 2022
Last sale
$134,863
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$27,960
Tax year 2024
Assessed value
$2,254,035
Assessed 2024
Previous assessed
$2,254,035
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$826,194
Assessed improvement
$1,427,841
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
18
Bathrooms
36
Total area
20,000 SF
Lot
1.15 ac (50,000 SF)
APN
439-36-80
UPID
US09-7982811
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
Building & site characteristics
From public records
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
18
Bathrooms
36
Lot
1.15 ac
Current owner
From public records · entity-resolved
Patrick Gorman
Individual
Free & Clear · 3 yrs held
Mailing address
265 CHASE CT, FREMONT, CA 94536-2901
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
—
Patrick Gorman
Heidi M Gorman
Intrafamily Transfer
related
—
Jul 26, 2019
—
Heidi M Gorman
Community K & M F Prop Trust
Quit Claim Deed
—
Jul 23, 2019
—
Owner Name Unavailable
Fries,karl A
Affidavit Of Death
related
—
Jan 6, 2012
—
Cumpston Family Trust
Bauhofer,elisa F
Quit Claim Deed
related
—
Oct 6, 2008
$134,863
Heidi M Gorman
Fries,karl A & L Marlene
Grant Deed
$567,862 · Karl Fries
May 26, 1995
—
Fries Trust
Fries,karl A & L M
Quit Claim Deed
related
—
Nov 4, 1992
$849,000
Karl Fries
Samuel,bernard&m
Grant Deed
$282,000 · Sumitomo Bank
—
—
Karl A Fries
—
Deed Of Trust
related
$200,000 · Five Hurleys Ltd
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
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