Mixed-Use Property with
New
For Sale
$7,750,000
1050 Forselles, Hayward, CA 94544
Gated residential units complement a fully leased retail component with private outdoor areas and garage-based laundry.
Property Size15,528 SF
Days on Market6
Property Features for 1050 Forselles
General Information
Standard status
Active
Size
15,528 SF
Total Parking Spaces
28
Property subtype
Residential Income
Units
Unit Mix
12 x 3BR/2.5BA, 8 x 2BR/1.5BA
Multifamily Units
20
Additional Details
Public Transit
Yes
Amenities
gated property
private patios/backyards
in-unit laundry
Building Details
Building Size
15,528 SF
Year Built
1986
Construction
townhome style
Listed By:
The Wiley Team
(415) 317-5888
Source:
Sanfranciscorealestategroup.idxbroker
Added: Sep 18
Last Checked: Sep 22 at 1:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Wiley Team
Investment Insights
Based on property information with market context.
This mixed-use property combines a gated apartment component with an income-producing retail strip. The residential portion includes 12 three-bedroom, two-and-one-half-bath townhome-style apartments and 8 two-bedroom, one-and-one-half-bath units. Private patios or backyards, in-unit laundry, private garages, and on-site parking are among the documented property features. The building was constructed in 1986.
The retail portion is 100% leased and benefits from access to nearby transit. The property is located at 1050 Forselles in Hayward’s Tennyson neighborhood, an area identified with ongoing development. Together, the residential and retail components create a single mixed-use asset with distinct apartment and commercial uses.
The retail portion is 100% leased and benefits from access to nearby transit. The property is located at 1050 Forselles in Hayward’s Tennyson neighborhood, an area identified with ongoing development. Together, the residential and retail components create a single mixed-use asset with distinct apartment and commercial uses.
Key Highlights
- 12 three‑bedroom, two‑and‑one‑half‑bath townhome‑style apartments
- 8 two‑bedroom, one‑and‑one‑half‑bath units
- Retail component is 100% leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$301,182
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,023,640
$6.0M
Cap Rate 7%
$4,302,600
$4.3M
Cap Rate 9%
$3,346,467
$3.3M
Market Conditions
NOI Build-Up for 15,528 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$577.6K $37.20/SF
− Vacancy
−$30.0K −$1.93/SF
EGI
$547.6K $35.27/SF
− OpEx
−$246.4K −$15.87/SF
NOI
$301.2K $19.40/SF
Area
Hayward, CA
Vacancy
5.20%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,023,640
Cap Rate 7%
$4,302,600
Cap Rate 9%
$3,346,467
Alternative Uses
Best Use
Apartment 5plus
$4.30M
$3.76M – $5.02M
NOI $301,182 @ 7.0% cap · market cap 3.89%
Second Best
Mixed Use
$3.87M
$3.38M – $4.51M
NOI $270,770 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $336,001 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 94544, CA
79,769
Population
23,990
Households
3.3
Avg Household Size
36
Median Age
27%
College-Educated
79%
High-School Grad
11.0 sq mi
ZIP Area
7,252
Density / Sq Mi
$108,358
Median Household Income
$48,926
Median Earnings
$2,339
Median Rent
$801,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Gated residential units complement a fully leased retail component with private outdoor areas and garage-based laundry.
Where is this mixed-use property located?
The property is located at 1050 Forselles Hayward, CA.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: 12 three‑bedroom, two‑and‑one‑half‑bath townhome‑style apartments; 8 two‑bedroom, one‑and‑one‑half‑bath units; Retail component is 100% leased
