Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    23882-23958 Hesperian Blvd Hayward, CA 94541

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3 SF/Yr ($825 /Mo)

    Retail space available in a busy Hayward location.

    Property size:
    3,300 SF
    Lot size:
    3.24 Acres

    Property Features for 23882-23958 Hesperian Blvd

    General Information

    Size
    3,300 SF
    Lot size
    3.24 Acres

    We can help!

    Listing Contact
    Rick Shaffer
    Source: Moodyscre

    Listing Agent: Rick Shaffer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space For Lease

    Approximately 3,300 square feet of retail space is available for lease. The property benefits from its location and visibility. Co-tenants include Starbucks, Walgreens, and Office Depot. Monument signage is available. The operating expenses are $0.75.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.1103539
    Latitude
    37.6545438

    Nearby Similar for Lease

    • $36 SF/Yr
      9,846 SF

      Hayward Office Space Available

      Office space available for rent in Hayward, California.
      971 B St, Hayward, CA 94541
      View Details
    • $1.75 SF/Yr
      3,901 SF

      Retail Space Near Transportation Hubs

      Retail space undergoing renovation near transportation and mixed-use development.
      1570 A St, Hayward, CA 94546
      View Details
    • $20 SF/Yr
      6,253 SF

      Hayward Industrial Warehouse For Rent

      Functional warehouse space near I-880 and San Mateo Bridge.
      24005 Clawiter Rd, Hayward, CA 94545
      View Details
    • $2,604 /Mo

      Professional Office Space For Rent

      665 sq ft office space ideal for professionals/small businesses.
      528 W Tennyson Rd, Hayward, CA 94544
      View Details
    • $28 SF/Yr
      14,870 SF

      Hayward Industrial Spaces Available

      Flexible Industrial Units in Hayward, CA
      25503 Industrial Blvd, Hayward, CA 94545
      View Details
    • $2,604 /Mo
      10,421 SF

      Professional Office Space Available

      665 sq ft office space ideal for small businesses.
      W Tennyson Rd, Hayward, CA 94544
      View Details
    • $1.25 SF/Yr
      24,483 SF

      Hayward Flex/R&D Space Available

      24,483 SF flex/R&D space for lease in Hayward, CA.
      3100-3108 Diablo Ave, Hayward, CA 94545
      View Details
    • $1.25 SF/Yr
      107,406 SF

      Hayward Industrial Space For Lease

      High-identity industrial space with executive offices and expansion potential.
      2399 W Winton Ave, Hayward, CA 94545
      View Details
    • Contact for pricing
      148,665 SF

      Bay Area Flex Space Available

      Hayward Industrial Space: 3 Suites Available
      26250-26260 Eden Landing Rd, Hayward, CA 94545
      View Details
    • $1.15 SF/Yr
      13,000 SF

      Hayward Industrial and Office Space

      Multi-tenant business park with industrial and office spaces for lease.
      3410-3430 Arden Rd, Hayward, CA 94545
      View Details
    • Contact for pricing
      234,000 SF

      Hayward Industrial Space Available

      Flexible Office & Warehouse Space
      31259 Wiegman Rd, Hayward, CA 94544
      View Details
    • $1.30 SF/Yr
      30,300 SF

      Warehouse/Distribution Space in Hayward

      30,300 SF warehouse/distribution space available now.
      2660-2694 W Winton Ave, Hayward, CA 94545
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space available in a busy Hayward location.
    Where is this strip mall located?
    The property is located at 23882-23958 Hesperian Blvd Hayward, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Excellent location and visibility; - ± 3,300 SF available for lease; - Co-tenants include Starbucks, Walgreens, Office Depot
    (408) 453-7400
    Request Owner's contact information
    23882-23958 Hesperian Blvd Hayward, CA 94541
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23882-23958 Hesperian Blvd
    Hayward, CA 94541
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23882-23958 Hesperian Blvd Hayward, CA 94541
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rick Shaffer
    (408) 453-7400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.