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Property profile & analytics
OFF-MARKET
Estimated value
$34,700,000
Warehouses
2376 Davis Ave, Hayward, CA 94545-1112
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8470446
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
TILT-UP CONCRETE
Total area
132,741 SF
Lot
5.08 ac (221,358 SF)
APN
439-58-16-2
UPID
US09-8470446
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$34.70M
CAP Approach
CAP
$26.18M
Comparable Approach
Comparable
$38.50M
Blend (final)
Blend
$34.70M
Owner & transaction history
Tpm Davis LLC · 1 yrs held
Tpm Davis LLC
since 2024
Last sale
$34.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$56.4M
+110.4%
Auto repair, garage
$49.1M
+83.2%
Industrial (general)
$40.2M
+50.0%
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
$34,700,000
ML approach
$34,700,000
CAP Approach
CAP Return
Estimation
6%
$28,360,000
6.5%
$26,180,000
7%
$24,310,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$26,800,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$56,395,000
Change: +110% · Conversion: Moderate
AUTO REPAIR, GARAGE
$49,085,000
Change: +83% · Conversion: Easy
INDUSTRIAL (GENERAL)
$40,195,000
Change: +50% · Conversion: Easy
RETAIL STORES
$38,470,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$36,495,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$35,395,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$34.70M
Range $31.23M – $38.17M · ±10% · vs last sale $34.70M (Aug 1 2024)
Last sale anchor
$34.70M
Aug 1 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
$261 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$328,692
Tax year 2024
Assessed value
$27,404,297
Assessed 2024
Previous assessed
$27,404,297
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$7,505,330
Assessed improvement
$19,898,967
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Total area
132,741 SF
Lot
5.08 ac (221,358 SF)
APN
439-58-16-2
UPID
US09-8470446
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
WAREHOUSE, STORAGE Current
Est. value
$26.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$56.4M
AUTO REPAIR, GARAGE
Est. value
$49.1M
INDUSTRIAL (GENERAL)
Est. value
$40.2M
RETAIL STORES
Est. value
$38.5M
COMMERCIAL (GENERAL)
Est. value
$36.5M
MEDICAL BUILDING
Est. value
$35.4M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1973
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Lot
5.08 ac
Current owner
From public records · entity-resolved
Tpm Davis LLC
Entity
Free & Clear · 1 yrs held
Mailing address
423 BROADWAY DR #703, MILLBRAE, CA 94030-1905
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2024
$34,700,000
Tpm Davis LLC
Centerpoint Properties Trust
Grant Deed
—
Jan 13, 2020
$25,250,500
Properties Centerpoint Trust
Joseph J Muzzin
Grant Deed
—
Jul 19, 2013
$9,956,000
Joseph J Muzzin
Prologis LP I
Grant Deed
$5,475,612 · Bank Of The West
Nov 30, 1994
—
Security Capital Industrial LP
—
Deed Of Trust
related
$225,000,000 · Nationsbank Of Texas
Dec 22, 1993
—
—
—
Deed Of Trust
related
—
Aug 1, 1980
—
—
—
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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