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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Medical Office Space
389 Gresel St Hayward, CA 94544-7642
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8451017
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1959
Construction
WOOD
Total area
3,192 SF
Lot
0.25 ac (10,872 SF)
APN
78G-2737-2-1
UPID
US09-8451017
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
-
Gresel Dental Hayward Dental Office
-
Galvan-Guerrero Dental Office Dental Office
-
Sanding Roger G DDS Dental Office
-
Sanding Maria C DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$737k
Blend (final)
Blend
$555k
Owner & transaction history
Ivesan LLC · 1 yrs held
Ivesan LLC
since 2024
Last sale
$555,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$880,000
+3.1%
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
$555,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$850,000
Current use
COMMERCIAL (GENERAL)
$880,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$825,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $555k (Jul 9 2024)
Last sale anchor
$555k
Jul 9 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
$174 / 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
$9,899
Tax year 2023
Assessed value
$765,862
Assessed 2024
Previous assessed
$750,847
+2.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$294,562
Assessed improvement
$471,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Buildings
1
Stories
1
Units
3
Bathrooms
2
Total area
3,192 SF
Lot
0.25 ac (10,872 SF)
APN
78G-2737-2-1
UPID
US09-8451017
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
MEDICAL BUILDING Current
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$880,000
OFFICE BUILDING
Est. value
$825,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE 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
1959
Construction
WOOD
Heating
NONE
Stories
1
Buildings
1
Units
3
Bathrooms
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Ivesan LLC
Entity
Mailing address
118 CYPRESS PT RD, HALF MOON BAY, CA 94019-2212
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
—
Ivesan LLC
Ivett Garcia
Grant Deed
—
Jul 9, 2024
—
Dindo Alfiler Espeleta
Karen Miranda Espeleta
Intrafamily Transfer
related
—
Jun 25, 2024
$555,000
Ivett Garcia
Dindo Alfiler Espeleta
Grant Deed
—
Jun 21, 2024
$1,110,000
Ivett Garcia
Cristina Cabellon
Grant Deed
$999,000 · Iserve Residential Lending LLC
Jun 22, 2023
—
Kenneth Cui
—
Deed
related
$400,000 · Ivett Garcia Etal
Aug 1, 2014
—
Kenneth Cui
Chen,maggie
Quit Claim Deed
related
—
Aug 1, 2014
$685,000
Cristina Cabellon
Parikh,ankur & Niraliben
Grant Deed
—
Dec 27, 2012
$640,000
Ankur Parikh
My Dream House LLC
Grant Deed
—
Aug 16, 2012
$350,000
My Dream House LLC
Fidelity National Title Co
Trustees Deed
related
—
Nov 16, 2007
$799,000
Roger G Sanding
James M Kiser
Grant Deed
$819,000 · Cit Small Business Lending Corp
Nov 5, 1996
—
Omega Kappa Trust
Kiser,james M & Lorie A
Quit Claim Deed
related
—
Jun 30, 1992
$288,000
James Kiser
Lynch,j./lloyd W
Grant Deed
$50,000 · Seller
—
—
Cristina Cabellon
—
Deed Of Trust
related
$500,000 · Couevas Family Trust
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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