3692 Castro Vly Blvd, Castro Valley, CA 94546-4404
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.