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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Warehouses
3685 Depot Rd, Hayward, CA 94545-2785
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-8250257
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
TILT-UP CONCRETE
Total area
6,618 SF
Lot
0.38 ac (16,542 SF)
APN
439-101-47
UPID
US09-8250257
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
-
Two Bros Food Inc Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$2.25M
Owner & transaction history
I&a Properties And Equipment LLC · 2 yrs held
I&a Properties And Equipment LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+143.5%
Neighborhood: shopping center
$2.8M
+110.4%
Auto repair, garage
$2.4M
+83.2%
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
$2,250,000
ML approach
$2,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,255,000
Change: +144% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,810,000
Change: +110% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,445,000
Change: +83% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,005,000
Change: +50% · Conversion: Easy
RETAIL STORES
$1,920,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,820,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$1,765,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.25M (Jun 7 2024)
Last sale anchor
$2.25M
Jun 7 2024
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
$340 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,343
Tax year 2024
Assessed value
$991,468
Assessed 2024
Previous assessed
$991,468
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$390,578
Assessed improvement
$600,890
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
6,618 SF
Lot
0.38 ac (16,542 SF)
APN
439-101-47
UPID
US09-8250257
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
RESTAURANT
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
I&a Properties And Equipment LLC
Entity
Mailing address
3685 DEPOT RD, HAYWARD, CA 94545-2785
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
$2,250,000
I&a Properties And Equipment LLC
Richard Rong
Grant Deed
$1,912,500 · Us Bank NA
Jul 14, 2020
—
Richard Rong
Isabel Wong
Quit Claim Deed
related
$3,600,000 · East West Bank
Sep 25, 2019
—
Richard Rong
23899foley LLC
Quit Claim Deed
related
—
Jul 9, 2013
$2,950,000
23899foley LLC
Mdc Real Estate Invs LLC
Grant Deed
$1,800,000 · Citibank NA
Feb 28, 2013
—
Mdc Real Estate Invs LLC
Mdc Vacuum Products LLC
Quit Claim Deed
related
—
Oct 1, 2009
—
Mdc Real Estate Invs LLC
—
Deed Of Trust
related
$4,600,000 · John Hancock Life Insurance Co
Dec 9, 2005
—
Mdc Vacuum Products LLC
Mdc R/e Investments LLC
Quit Claim Deed
related
—
Jan 28, 2002
—
Michael Del Castello
Del Castello,patricia A
Quit Claim Deed
related
—
Sep 21, 1989
$450,000
Del Castello SR.
Bts
Grant Deed
—
Mar 18, 1981
—
—
—
Grant Deed
related
—
—
—
Del Castello SR.
—
Deed Of Trust
related
$245,000 · Wells Fargo 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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