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Property profile & analytics
FOR SALE
Specialty properties
2423 Grove Way Castro Valley, CA 94546
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-9172771
For Sale
1 / 2
$4,800,000
2423 Grove Way, Castro Valley, CA 94546
View Listing →
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1975
Construction
WOOD
Total area
3,623 SF
Lot
0.29 ac (12,801 SF)
APN
416-30-26-4
UPID
US09-9172771
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2423 Grove Way Properties LLC · 9 yrs held
2423 Grove Way Properties LLC
since 2016
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 Castro Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castro Valley 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,435
Tax year 2023
Assessed value
$881,802
Assessed 2024
Previous assessed
$864,512
+2.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$341,343
Assessed improvement
$540,459
Applied tax rate
59.0000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
For Sale
Year built
1975
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
3,623 SF
Lot
0.29 ac (12,801 SF)
APN
416-30-26-4
UPID
US09-9172771
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
1975
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
2423 Grove Way Properties LLC
Entity
Mailing address
2423 GRV WAY, CASTRO VALLEY, CA 94546-7105
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
May 31, 2024
—
Grove Way Properties LLC
—
Deed
related
$893,000 · Heritage Bank Of Commerce
Jan 29, 2020
—
2423 Grove Way Properties LLC
—
Deed
related
$13,287,300 · Firstrust Bk
Dec 14, 2016
$775,000
2423 Grove Way Properties LLC
Hackler R W & K M Trust
Grant Deed
$620,000 · Bank Of America
Oct 17, 2013
—
Hackler,r W & K M Family Trust
Hackler R W & K M Trust
Quit Claim Deed
related
—
Nov 2, 2005
—
Hackler Russell W & K M Trust
Hackler,russell W & Kathie M
Quit Claim Deed
related
—
Jul 16, 2004
—
Russell W Hackler
Hackler,russell W
Quit Claim Deed
related
—
Jun 6, 1975
—
—
—
Grant Deed
related
—
—
—
Hackler R W & K M Family Trust
—
Deed Of Trust
related
$400,000 · Us Bank NA
—
—
Hackler R W & K M Family Trust
—
Deed Of Trust
related
$100,000 · Us Bank NA
—
—
2423 Grove Way Properties LLC
—
Deed Of Trust
related
$13,287,300 · Firstrust Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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