19830 Lake Chabot RdCastro Valley, CA 94546

Property Details for 19830 Lake Chabot Rd

Year built

1969

Construction

WOOD

Lot size

0.37 AC

Property size (Sq ft)

4,340 SF

Property type

Medical offices

Property subtype

Medical centers

APN

84A-150-10-2

APU

84A150102

Description

Exceptional opportunity to acquire a 5,290 square foot medical office building in Castro Valley, CA. Located directly across from Sutter Health Medical Center, this three-story, Class B building features four medical suites, two currently leased at 41% occupancy. Built in 1969, the property includes a fully built-out basement (approximately 950 sq ft), an elevator, 16 parking spaces, and low-maintenance landscaping. Situated on a 15,894 sq ft lot in the Castro Valley Business District (CVBD), this multi-tenant property offers significant potential for owner-users seeking an SBA-loan-compatible space or investors targeting steady rental income. The asking price is $1,799,000 ($340.08/sq ft, $449,750/unit), and a 1031 exchange is permitted. The property's APN is 84A-150-10-2. This is a gross lease property with no tenant credit rating.

• CAP approach

  CAP return

  Valuation

  6%

  $2,004,481

  6.5%

  $1,850,290

  7%

  $1,718,127

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,433,473

  Geo Method

  $1,210,469

• Alternative Use

  Use

  Valuation

  Residential

  $2,294,360

  Hospitality

  $2,101,621

  Educational

  $1,748,524

  Medical

  $1,808,659

  Retail

  $2,719,927

Location Insight

City

Castro Valley

County

Alameda

State

California

Latitude

37.7002

Longitude

-122.087

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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