3090 Castro Valley BlvdCastro Valley, CA 94546

Property Details for 3090 Castro Valley Blvd

Year built

1990

Construction

WOOD

Lot size

2.00 AC

Property size (Sq ft)

22,109 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

84A-128-2-9

APU

84A12829

Description

This exceptional corner retail property, located at 3090 Castro Valley Boulevard in Castro Valley, California, presents a compelling investment opportunity. The 4,940 square foot building sits on a 2-acre lot and features two suites, offering flexibility for various retail uses. Built in 1990, the single-story structure boasts ample parking with 20 spaces, ensuring convenient access for customers. The property benefits from its high-visibility location at the signaled intersection of Castro Valley Boulevard and San Miguel Avenue, ensuring significant foot and vehicle traffic. Currently, one suite is available, presenting a chance to secure a space in a thriving retail center. The property's zoning is Commercial (CO), allowing for a wide range of retail businesses. The co-tenant is Nations Hamburgers, and the center includes other national and local businesses. This property is situated in Alameda County, CA, with the APN 084A-0128-002-09. The property's former occupant was Kelly Moore Paints, highlighting its prime location and visibility. With its strategic location, ample parking, and existing tenant base, this property offers a strong foundation for future growth and profitability. The property's single-story design and convenient access make it an attractive option for a variety of retail businesses. This is a rare opportunity to acquire a well-located, established retail property in a desirable market.

• CAP approach

  CAP return

  Valuation

  6%

  $11,665,200

  6.5%

  $10,767,900

  7%

  $9,998,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,594,560

  Geo Method

  $6,413,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $20,978,000

  Mixed-Use / Specialty

  $10,737,800

  Hospitality / Lodging

  $7,888,720

  Office

  $10,682,600

  Institutional / Educational

  $11,165,900

  Residential Income

  $13,064,100

  Multifamily

  $15,622,600

  Automotive / Energy

  $9,570,790

  Parking / Income-Based Land

  $3,294,600

  Restaurant / Food Service

  $5,602,430

  Healthcare / Senior Housing

  $11,002,900

Location Insight

City

Castro Valley

County

Alameda

State

California

Latitude

37.696

Longitude

-122.082

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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