Entity Owned Property summary
AI-generated overview
This exceptional mixed-use, multifamily investment opportunity is located at 2540 Grove Way, Hayward, CA 94546, in Alameda County. The property, built in the mid-1960s, consists of seven two-bedroom, one-bathroom units, each averaging 850 square feet. The building sits on a 13,788 square foot lot and offers residents convenient amenities including on-site parking, laundry facilities, and private storage lockers. The property's prime location near the border of Castro Valley and Hayward provides easy access to major transportation arteries, including I-580 and the Castro Valley BART station, connecting residents to San Francisco, Silicon Valley, and the rest of the East Bay. Nearby amenities include Trader Joe's and the Castro Village Shopping Center, offering a wide variety of shopping and dining options. This property presents a strong value-add opportunity for an owner-user or investor seeking a well-located apartment building with potential for moderate renovations. The asking price is $1,850,000, translating to approximately $264,286 per unit and $309 per square foot. One unit includes a garage and backyard. There is no local rent control.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1965
Construction
WOOD
Total area
5,996 SF
Lot
0.32 ac (13,788 SF)
APN
416-40-39
UPID
US09-8012184
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.79M
Comparable Approach
Comparable
$1.81M
Blend (final)
Blend
$1.82M
Owner & transaction history
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Restaurant
$3.0M
+81.1%
Neighborhood: shopping center
$2.5M
+56.5%
Auto repair, garage
$2.2M
+36.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 96 comparables with addresses
8 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.82M
Value range
$1.64M – $2.00M
±10% around blend
Estimated value / SF
$304 / SF
Confidence
High
96 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$1.64M
blend $1.82M
$2.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,996 SF
Lot area
0.32 ac
Year built
1965
Stories
2
APN
416-40-39
Assessed value
$1,495,316
Annual tax
$22,279
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.79M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.94M
@ 6.5% CAP return
$1.79M
@ 7% CAP return
$1.66M
4
Sales comparison
Partial preview
Sales approach indication
$2.00M
Weighted, 20 comps · high confidence
Evidence
96 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.4 mi away · 4,391 SF
2.1 mi away · 5,670 SF
2.7 mi away · 6,444 SF
10.7 mi away · 5,453 SF
10.8 mi away · 4,560 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.82M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 33 sales
$271
+12%
Submarket 172 sales
$255
+19%
County 1386 sales
$244
+25%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $304/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+81%
vs current-use indication
Neighborhood: Shopping Center
Auto Repair, Garage
Office Building
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 96 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.83M
Move the market yield to see immediate price impact.
Value / SF
$306
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$116k
$2.31M
$1.65M
$1.28M
$128k
$2.57M
$1.83M
$1.43M
$141k
$2.83M
$2.02M
$1.57M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
96 found
High confidence · county-verified
Closest comparable
$1.45M
1.4 mi · Feb 2026 · $265/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,279
Tax year 2023
Assessed value
$1,495,316
Assessed 2024
Previous assessed
$1,466,000
+2.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$382,608
Assessed improvement
$1,112,708
Applied tax rate
59.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
7
Bathrooms
7
Total area
5,996 SF
Lot
0.32 ac (13,788 SF)
APN
416-40-39
UPID
US09-8012184
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
7
Bathrooms
7
Lot
0.32 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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