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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Medical Office Space
3489 Castro Vly Blvd Castro Valley, CA 94546-5603
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9178590
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1939
Construction
WOOD
Total area
2,400 SF
Lot
0.19 ac (8,210 SF)
APN
84A-64-4
UPID
US09-9178590
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
$630k
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$580k
Owner & transaction history
Edward T Simas · 17 yrs held
Edward T Simas
since 2009
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$885,000
+38.7%
Office building
$780,000
+21.6%
Retail stores
$695,000
+8.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$640,000
Current use
AUTO REPAIR, GARAGE
$885,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$780,000
Change: +22% · Conversion: Easy
RETAIL STORES
$695,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$660,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$242 / 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
$12,175
Tax year 2023
Assessed value
$883,700
Assessed 2024
Previous assessed
$866,375
+2.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$359,792
Assessed improvement
$523,908
Applied tax rate
54.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1939
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
1
Bathrooms
0
Total area
2,400 SF
Lot
0.19 ac (8,210 SF)
APN
84A-64-4
UPID
US09-9178590
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$640,000
AUTO REPAIR, GARAGE
Est. value
$885,000
OFFICE BUILDING
Est. value
$780,000
RETAIL STORES
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$660,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1939
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
1
Bathrooms
0
Lot
0.19 ac
Current owner
From public records · entity-resolved
Edward T Simas
Individual
Mailing address
2307 PACIFIC AVE, ALAMEDA, CA 94501-2918
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2009
$700,000
Edward T Simas
Schuchman S M & Y J M Trust
Grant Deed
—
Jan 31, 2000
—
Schuchman Trust
Schuchman,stephen M & Jan M
Quit Claim Deed
related
—
Jun 13, 1978
—
—
—
Grant Deed
related
—
—
—
Stephen M Schuchman
—
Deed Of Trust
related
$170,000 · Centennial Bank
—
—
Stephen M Schuchman
—
Deed Of Trust
related
$280,000 · Tracy Federal Bank
—
—
Stephen M Schuchman
—
Deed Of Trust
related
$250,000 · Centennial Bank
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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