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Property profile & analytics
OFF-MARKET
Estimated value
$13,890,000
Outlet malls
3844 Castro Vly Blvd, Castro Valley, CA 94546
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-8211297
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1967
Construction
TILT-UP CONCRETE
Total area
65,600 SF
Lot
4.44 ac (193,400 SF)
APN
84C-720-11-4
UPID
US09-8211297
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
$13.89M
CAP Approach
CAP
$14.03M
Comparable Approach
Comparable
$9.12M
Blend (final)
Blend
$13.89M
Owner & transaction history
1580 Castro Valley LP · 2 yrs held
1580 Castro Valley LP
since 2024
Last sale
$13.9M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.3M
+11.9%
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 Castro Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Castro Valley 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
$13,890,000
ML approach
$13,890,000
CAP Approach
CAP Return
Estimation
6%
$15,190,000
6.5%
$14,025,000
7%
$13,020,000
Alternative Use
Use
Estimation
RETAIL STORES
$19,010,000
Current use
OFFICE BUILDING
$21,275,000
Change: +12% · Conversion: Easy
COMMERCIAL (GENERAL)
$18,035,000
Change: -5% · Conversion: Easy
INDUSTRIAL (GENERAL)
$17,825,000
Change: -6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$17,810,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$13.89M
Range $12.50M – $15.28M · ±10% · vs last sale $13.89M (Jan 22 2024)
Last sale anchor
$13.89M
Jan 22 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
$212 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$36,080
Tax year 2023
Assessed value
$2,826,654
Assessed 2024
Previous assessed
$2,771,240
+2.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,297,965
Assessed improvement
$1,528,689
Applied tax rate
54.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
65,600 SF
Lot
4.44 ac (193,400 SF)
APN
84C-720-11-4
UPID
US09-8211297
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
RETAIL STORES Current
Est. value
$19.0M
OFFICE BUILDING
Est. value
$21.3M
COMMERCIAL (GENERAL)
Est. value
$18.0M
INDUSTRIAL (GENERAL)
Est. value
$17.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.8M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
4.44 ac
Current owner
From public records · entity-resolved
1580 Castro Valley LP
Entity
Mailing address
1500 W WINTON AVE, HAYWARD, CA 94545-1311
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2024
$13,889,000
1580 Castro Valley LP
Musue LLC
Grant Deed
$8,000,000 · Bank Of The Orient
Apr 28, 2010
—
Musue LLC
Musue Trust
Quit Claim Deed
—
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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