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    Property profile & analytics
    OFF-MARKET Estimated value $1,655,000
    Retail space

    3692 Castro Vly Blvd, Castro Valley, CA 94546-4404

    2,780 SF 0.29 ac lot Built 1959
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US09-6664826
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 2,780 square foot multi-tenant retail building situated at 3692 Castro Valley Boulevard in Castro Valley, California (94546). The property, built in 1959, sits on a 12,753 square foot lot and features one single-story building with two units. Unit A, a 1,987 square foot space, is currently occupied by Rudy's Donuts, a long-standing tenant (since 1988) operating on a month-to-month lease. Unit B, a 793 square foot retail space, is currently vacant. The asking price is $1,749,000, translating to $629.14 per square foot. The property boasts excellent visibility along Castro Valley Boulevard, benefiting from strong demographics and high traffic counts. The existing kitchen hood in Unit A makes it ideally suited for a café or similar food service establishment. Beyond its current configuration, this property presents significant owner-user and commercial redevelopment potential. Further redevelopment possibilities can be explored by contacting Alameda County. The property's APN is 84C-724-91-2 and is zoned CVBD-S10. Showings require prior arrangement due to the ongoing business operations. This is a rare chance to acquire a well-located, established property with considerable upside.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1959
    Construction TILT-UP CONCRETE
    Total area 2,780 SF
    Lot 0.29 ac (12,477 SF)
    APN 84C-724-91-2
    UPID US09-6664826
    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
    $1.51M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.17M
    Blend (final) Blend
    $1.66M
    Owner & transaction history
    Dm Property Investments LLC · 1 yrs held
    Dm Property Investments LLC
    since 2025
    Last sale
    $1.7M
    6 recorded transactions
    2025
    $1.7M
    2023
    $1.6M
    2022
    2008
    $370,000
    2001
    1971
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.2M +49.7%
    Medical building $1.1M +39.3%
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