19693 Redwood RdCastro Valley, CA 94546

Property Details for 19693 Redwood Rd

Year built

1945

Construction

TILT-UP CONCRETE

Lot size

0.13 AC

Property size (Sq ft)

402 SF

Property type

Office buildings

APN

84B-590-17-7

APU

84B590177

Description

This exceptional 402-square-foot traditional office building presents a unique investment opportunity in the desirable Castro Valley, California market. Located at 19693 Redwood Rd, Castro Valley, CA 94546, this property boasts a prime corner lot spanning 5,450 square feet, offering excellent visibility and accessibility. Built in 1945, the building is zoned for office use and is currently listed at $540,000, translating to a price per square foot of $1,343.28. The property is ideally suited for owner-operators seeking a convenient and well-situated workspace. Potential buyers are advised to independently verify permitted uses with Alameda County. This offering is structured as a 1031 exchange, providing significant tax advantages for qualified investors. The property's location in Castro Valley offers easy access to major transportation routes and a thriving local community. This is a rare opportunity to acquire a well-positioned office building in a highly sought-after area. Serious inquiries are encouraged to explore this promising investment prospect further.

• CAP approach

  CAP return

  Valuation

  6%

  $185,669

  6.5%

  $171,386

  7%

  $159,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $132,778

  Geo Method

  $112,122

• Alternative Use

  Use

  Valuation

  Residential

  $212,519

  Hospitality

  $194,666

  Educational

  $161,960

  Medical

  $167,530

  Retail

  $251,938

Location Insight

City

Castro Valley

County

Alameda

State

California

Latitude

37.7029

Longitude

-122.074

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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