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    2881 Castro Valley Blvd Castro Valley, CA 94546

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    2881 Castro Valley Blvd Castro Valley, CA 94546

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    • Investment properties
    • 12,063 SF
    • 0.35 lot acres
    For Lease
    $1,610,000
    View Listing →
    Castro Valley Retail Space Available For Lease
    $1,610,000
    6,000 SF

    Castro Valley Retail Space Available

    Retail spaces available in high-traffic Castro Valley location.

    2881 Castro Valley Blvd, Castro Valley, CA
    View Listing
    Property ID
    US09-9181148
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2881 Castro Valley Blvd

    Year built
    1979
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Property size
    12,063 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    84A-17-6-1
    APU
    84A1761

    Description

    This exceptional 6,000 square foot retail strip center, located at 2881 Castro Valley Boulevard in Castro Valley, California (zip code 94546), presents a unique investment opportunity. The entire 6,000 square feet is currently vacant, offering flexibility for a single large tenant or the potential to be divided into smaller spaces, with a minimum divisible unit of 1,179 square feet. The property is classified as Class B and is situated in Alameda County, benefiting from its location on a signalized intersection within Castro Valley's primary retail corridor. This high-traffic location ensures significant visibility and accessibility for businesses. The property's strategic position near major roadways and a dense residential and commercial area guarantees consistent foot traffic throughout the day and evening. Hayward/Castro Valley's recent growth as a highly sought-after retail submarket in the East Bay further enhances the property's investment potential. This is an ideal location for businesses seeking high visibility and a strong customer base in a thriving community. The property offers a rare chance to establish a presence in a dynamic and rapidly developing retail area. The address is 2881 Castro Valley Blvd, Castro Valley, CA 94546.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,642,000
      Market price range: $1.64M - $5.40M

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

    Location Insight

    • Map
    • Local Demand
    City
    Castro Valley
    County
    Alameda
    State
    California
    Longitude
    -122.083
    Latitude
    37.695
    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
    $18,982
    $456,130
    $383,676
    $839,806
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request
      2,341 SF

      1940 170th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,341 SF
      1940 170th Ave, Castro Valley, CA 94546-3801
      View Details
    • Value Estimation by Request
      2,390 SF

      2626 Castro Vly Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,390 SF
      2626 Castro Vly Blvd, Castro Valley, CA 94546-5410
      View Details
    • Value Estimation
      $1,140,000
      5,723 SF

      3217 Castro Vly Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,723 SF
      3217 Castro Vly Blvd, Castro Valley, CA 94546-5513
      View Details
    • Value Estimation by Request
      1,850 SF

      22151 Redwood Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,850 SF
      22151 Redwood Rd, Castro Valley, CA 94546-7107
      View Details
    • Value Estimation
      $920,000
      7,398 SF

      2608 Castro Vly Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 7,398 SF
      2608 Castro Vly Blvd, Castro Valley, CA 94546-5410
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,232 SF

      Mixed-Use Landmark in Castro Valley

      Classic mixed-use building with retail, office, and residential spaces.
      3137 Castro Valley Blvd, Castro Valley, CA 94546
      View Details
    • $2,199,000
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      Castro Valley Mixed-Use Opportunity

      Mixed-use building with retail, office, and workshop spaces.
      2805 Castro Valley Blvd, Castro Valley, CA 94546
      View Details
    • $1,795,000

      Castro Valley Commercial Property For Sale

      Highly visible commercial property with flexible zoning and high traffic.
      1448 A St, Castro Valley, CA 94546
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    • $2,199,000
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      Castro Valley Commercial Property

      Commercial property available for sale in Castro Valley, California.
      2805 Castro Valley Blvd, Castro Valley, CA 94546
      View Details

    Similar Nearby for Lease

    • $2,350 /Mo
      2,275 SF

      Remodeled Office Space in Castro

      Modern, flexible office space in downtown Castro Valley.
      20819 Nunes Ave, Castro Valley, CA 94546
      View Details
    • $2,276 /Mo
      4,227 SF

      Castro Valley Commercial Space Available

      Commercial space for rent in Castro Valley, California.
      20825 Nunes Ave, Castro Valley, CA 94546
      View Details
    • $2,276 /Mo
      Pending

      Updated Space Near Downtown

      Move-in ready space with flexible layout in central location.
      20825 Nunes Ave, Castro Valley, CA 94546
      View Details
    • $9 SF/Yr

      Castro Valley Strip Center Space

      Retail space available in a walkable Castro Valley strip center.
      1558 A St, Castro Valley, CA 94546
      View Details
    • Contact for pricing
      6,000 SF

      Castro Valley Retail Space Available

      Retail spaces available in high-traffic Castro Valley location.
      2881 Castro Valley Blvd, Castro Valley, CA 94546
      View Details
    • $1.75 SF/Yr
      3,901 SF

      Retail Space Near Transportation Hubs

      Retail space undergoing renovation near transportation and mixed-use development.
      1570 A St, Castro Valley, CA 94546
      View Details
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    Castro Valley, CA 94546
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    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
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