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Property profile & analytics
FOR LEASE
Strip malls
24518 Hesperian Blvd Hayward, CA 94545
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-7545499
For Lease
Contact for pricing
24518 Hesperian Blvd, Hayward, CA 94545
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2015
Construction
TILT-UP CONCRETE
Total area
137,889 SF
Lot
18.44 ac (803,115 SF)
APN
442-10-6-1
UPID
US09-7545499
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
-
Fallas Discount Stores Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.63M
Owner & transaction history
Fortune LLC · 7 yrs held
Fortune LLC
since 2019
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$36,350,000
6.5%
$33,555,000
7%
$31,160,000
Blend value · Realmo final
$26.63M
Range $23.97M – $29.29M · ±10%
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
$193 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$532,940
Tax year 2023
Assessed value
$44,635,975
Assessed 2024
Previous assessed
$43,760,911
+2.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$21,692,151
Assessed improvement
$22,943,824
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2015
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
6
Stories
1
Units
4
Bathrooms
9
Total area
137,889 SF
Lot
18.44 ac (803,115 SF)
APN
442-10-6-1
UPID
US09-7545499
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
2015
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
6
Units
4
Bathrooms
9
Lot
18.44 ac
Current owner
From public records · entity-resolved
Fortune LLC
Entity
Mailing address
1982 SENTER RD, SAN JOSE, CA 95112-2603
Ownership since
2019
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
Mar 15, 2019
$35,000,000
Fortune LLC
Rouse Properties Trs INC
Grant Deed
$22,300,000 · Cathay Bank
Mar 1, 2019
—
Century Theatres INC
—
Deed
related
$200,000 · Barclays Bk Plc
May 8, 2018
—
Rouse Properties Trust INC
Southland Mall LP
Quit Claim Deed
—
Jan 14, 2010
—
Sotuhalnd Mall LP
—
Deed Of Trust
related
$79,673,021 · Bank Of America NA 2004-gg1
Mar 12, 2004
—
Southland Mall LP
—
Deed Of Trust
related
$90,000,000 · Archon Financial LP
Dec 5, 2002
—
South LP
Equitable Life Assurance Socie
Grant Deed
$65,000,000 · Lehman Brothers Bank Fsb
Apr 11, 1996
—
Equitable Life Assurance Socie
Samuel Zell Trustee
Grant Deed
related
—
—
—
Century Theatres INC
—
Deed Of Trust
related
$200,000 · Barclays Bk Plc
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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