19830 Lake Chabot RdCastro Valley, CA 94546

  • Healthcare properties
  • 4,340 SF
For Sale
$1,799,000 View listing

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
Healthcare properties
Property subtype
Medical offices
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
19830 Lake Chabot Rd, Castro Valley, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,694
$481,711
$527,818
$1,009,529
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-
-
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