Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23981 Msn Blvd Hayward, CA 94544-1014
    Back to Search
    Property profile & analytics

    23981 Msn Blvd, Hayward, CA 94544-1014

    View on Map
    • Car washes
    • 3,680 SF
    • 0.19 lot acres
    Off-Market
    Last Sale Jun 15, 2023
    $2,000,000
    Property ID
    US09-7649499
    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.
    Value Estimations
    $1,960,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mission Hand Car Wash / Car Wash

    Property Details for 23981 Msn Blvd

    Year built
    1995
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property type
    Car washes
    APN
    444-30-7
    APU
    444307

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 15, 2023 $2,000,000 Alim Tayyab Genoese Development LLC Grant Deed —
    Feb 5, 2009 — Stephenie M Foster Foster 1991 Family Trust Quit Claim Deed · related —
    Feb 25, 2008 — Genoese Dev LLC Foster 1991 Family Trust Quit Claim Deed · related —
    Aug 24, 2007 — Stephenie M Foster Foster,daniel A Affidavit Of Death · related —
    Aug 6, 2003 — Bisio,tr Bisio,bartholomew Quit Claim Deed · related —
    Jun 23, 1995 — Chong B Kim — Deed Of Trust · related $1.2M · San Jose City (ca)
    Dec 30, 1971 — — — Grant Deed · related —
    — — Lesco Capital Corp — Deed Of Trust · related $350k · Baskin Trust
    — — Pakhwa Corp — Deed Of Trust · related $1.8M · Bbu Bank
    — — Lesco Capital Corp — Deed Of Trust · related $400k · Huemoeller Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,915,000
      ML approach
      $1,920,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,360,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,565,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.08
    Latitude
    37.6676
    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
    $9,529
    $439,620
    $82,620
    $522,240
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,175,000
      4,251 SF

      30360 Msn Blvd

      CAR WASH
      30360 Msn Blvd, Hayward, CA 94544
      View Details
    • Value Estimation by Request
      1,440 SF

      561 Harder Rd

      CAR WASH
      561 Harder Rd, Hayward, CA 94544-2131
      View Details
    • Value Estimation by Request
      1,554 SF

      27989 Leidig Ct

      CAR WASH
      27989 Leidig Ct, Hayward, CA 94544-5347
      View Details
    • Value Estimation by Request
      2,700 SF

      494 Rousseau St

      CAR WASH
      494 Rousseau St, Hayward, CA 94544-7661
      View Details
    • Value Estimation
      $500,000
      6.16 Acres

      29900 Auction Ct

      VEHICLE SALES, RENTALS
      29900 Auction Ct, Hayward, CA 94544-6914
      View Details
    • Value Estimation by Request
      0.10 Acres

      27900 12th St

      PARKING LOT
      27900 12th St, Hayward, CA 94544
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High-Profile Corner Lot Opportunity

      Vacant lot suitable for car lot, retail, or development.
      27572 Mission Blvd, Hayward, CA 94544
      View Details
    • Contact for pricing
      45,865 SF

      Single-Tenant Grocery Asset For Sale

      Single-tenant grocery store property available for purchase.
      25151 Santa Clara St, Hayward, CA 94544
      View Details
    • Contact for pricing

      Hayward Commercial Property For Sale

      Commercial property in Hayward, CA, ideal for starting a business.
      404 W Harder Rd, Hayward, CA 94544
      View Details
    • Contact for pricing
      52,132 SF

      Former Grocery Store For Sale

      Former grocery store in a major shopping center.
      26905-26933 Mission Blvd, Hayward, CA 94544
      View Details
    • Contact for pricing
      1 SF

      Retail Property For Sale

      Retail property available for purchase.
      26953 - I Msn Blvd, Hayward, CA 94544
      View Details
    • Contact for pricing
      1,493 SF

      Retail Property Anchored by Supermarket

      Retail property with high traffic and convenient freeway access.
      1109 W Tennyson Rd, Hayward, CA 94544
      View Details

    Similar Nearby for Lease

    • $8,500 /Mo

      Equipped Auto Repair Shop

      Fully equipped auto repair shop in prime Hayward location.
      528 Jackson St, Hayward, CA 94544
      View Details
    • Contact for pricing
      53,318 SF

      Retail Space in Hayward

      Available retail property with 53318 square feet in Hayward.
      26905-26953 Mission Blvd, Hayward, CA 94544
      View Details
    • Contact for pricing

      Mixed-Use Building on Corner Lot

      7,779 SF mixed-use building on a 39,249 SF lot.
      24089 Watkins St, Hayward, CA 94544
      View Details
    • Contact for pricing

      Mixed-Use Building on Corner Lot

      Mixed-use building with large lot in Hayward's Mission-Foothill neighborhood.
      24089 Watkins St, Hayward, CA 94544
      View Details
    • Contact for pricing
      1,256 SF

      Retail Space in Hayward Center

      Retail space available in a busy Hayward shopping center.
      26231 Mission Blvd, Hayward, CA 94544
      View Details
    • Contact for pricing

      Retail Space in Hayward, CA

      Retail space available for lease in Hayward, California.
      243 West Jackson St, Hayward, CA 94544
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23981 Msn Blvd
    Hayward, CA 94544-1014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23981 Msn Blvd, Hayward, CA, 94544
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!