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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3553 Castro Valley Blvd Castro Valley, CA 94546

    • Office buildings
    • 9,576 SF
    • 0.46 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Last Sale
    Feb 28, 2020
    $2,150,000
    Value Estimations
    $2,435,000
    Cap Rate Potential
    9.3%
    Office buildings
    Location Intelligence
    Property ID
    US09-8282408
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 3553 Castro Valley Blvd

    Year built
    1991
    Construction
    WOOD
    Lot size
    0.46 lot acres
    Property size
    9,576 SF
    Property type
    Office buildings
    APN
    84C-618-11
    APU
    84C61811

    Description

    This immediately available first-floor office space in Castro Valley offers a large open area perfect for collaborative work, complemented by private offices and private bathrooms for individual focus and privacy. Located at 3553 Castro Valley Boulevard #D & E, Castro Valley, CA 94546, this single-tenancy office space in Alameda County is ideal for businesses seeking a comfortable and functional workspace. The landlord covers water and garbage disposal, while tenants are responsible for all other utilities. A minimum 24-month lease term is required. To ensure smooth operations and protect all parties, a business license and liability insurance policy (minimum $500,000 coverage) naming the landlord as an additional insured are required upon move-in. A video tour is available online. This property presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located office space in Castro Valley. The combination of open and private spaces caters to diverse work styles and team sizes. The straightforward utility arrangement and lease terms offer transparency and ease of management. Inquire today to schedule a viewing and secure this exceptional office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,215,000
      ML approach
      $2,325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,440,000
      6.5%
      $3,175,000
      7%
      $2,950,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,402,000
      Market price range: $2.06M - $4.01M
      AI Estimate
      $1,444,000
      Market price range: $983k - $2.61M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,105,000
      Current use
      AUTO REPAIR, GARAGE
      $3,085,000
      Change: -1% Conversion: Difficult
      RETAIL STORES
      $2,715,000
      Change: -12% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,680,000
      Change: -14% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,600,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Castro Valley
    County
    Alameda
    State
    California
    Longitude
    -122.073
    Latitude
    37.6948
    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
    $39,547
    $1,072,190
    $1,233,018
    $2,305,208
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $355,000
      2,367 SF

      22097 Redwood Rd

      OFFICE BUILDING • 2,367 SF
      22097 Redwood Rd, Castro Valley, CA 94546-6439
      View Details
    • Value Estimation
      $580,000
      1,464 SF

      21715 Redwood Rd

      OFFICE BUILDING • 1,464 SF
      21715 Redwood Rd, Castro Valley, CA 94546-6433
      View Details
    • Value Estimation
      $705,000
      25,504 SF

      20980 Redwood Rd

      OFFICE BUILDING • 25,504 SF
      20980 Redwood Rd, Castro Valley, CA 94546-5930
      View Details
    • Value Estimation
      $1,125,000
      1,721 SF

      20665 Santa Maria Ave

      OFFICE BUILDING • 1,721 SF
      20665 Santa Maria Ave, Castro Valley, CA 94546-5611
      View Details
    • Value Estimation
      $285,000
      1,208 SF

      20630 Redwood Rd

      OFFICE BUILDING • 1,208 SF
      20630 Redwood Rd, Castro Valley, CA 94546-5622
      View Details
    • Value Estimation
      $315,000
      1,028 SF

      3849 Castro Vly Blvd

      OFFICE BUILDING • 1,028 SF
      3849 Castro Vly Blvd, Castro Valley, CA 94546-4535
      View Details

    Similar Nearby for Sale

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      Castro Valley Commercial Building For Sale

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      Castro Valley Commercial Buildings For Sale

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      Castro Valley Specialty Property

      Specialty property available for sale in Castro Valley, CA.
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      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      640 SF

      Castro Valley Office Space For Lease

      Spacious Office, Private Bath, Now Available
      3553 Castro Valley Blvd, Castro Valley, CA 94546
      View Details
    • Contact for pricing
      4,765 SF

      Castro Valley Office Space Available

      Office space for rent in Castro Valley Plaza.
      21020 Redwood Rd, Castro Valley, CA 94546
      View Details
    • $9 SF/Yr
      7,800 SF

      Castro Valley Retail Center

      7,800 SF Retail Space, 4 Parking Spaces
      1558 A St, 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, Hayward, 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
    • $7,000 /Mo

      Versatile Retail Space Available

      3,500 sq. ft. retail space with flexible open layout.
      4274 Seven Hills Rd, Hayward, CA 94546
      View Details
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    3553 Castro Valley Blvd
    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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