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Property profile & analytics
OFF-MARKET Estimated value $1,605,000
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
$1.61M
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
Price N/A
2008
$370,000
2001
Price N/A
1971
Price N/A
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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