Income-Generating Commercial Property
For Sale
$3,888,888
344 A St, Hayward, CA 94541
Three income-generating parcels with retail, restaurant, and office spaces.
Property Size21,239 SF
Lot Size0.24 Acres
Price / SF$183.10
Days on Market682
Property Features for 344 A St
General Information
Standard status
Active
Size
21,239 SF
Lot size
0.24 Acres
Property subtype
Commercial
Building Details
Year Built
1966
Listing Agency:
FOHL REALTY & INVESTMENTS
(510) 728-8610
Listed By:
LORENA GONZALEZ · License #02092918
(510) 921-0318
Source:
Corcoran
Added: Oct 22, 2024
Changed: Jul 6
Last Checked: Sep 2 at 10:04PM
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 FOHL REALTY & INVESTMENTS
Investment Insights
Based on property information with market context.
This is an investment opportunity to acquire a package of three income-generating parcels. The first parcel features a 3,000 sq ft retail building on a 10,476 sq ft lot. It also includes leased solar panels. The second parcel boasts a 5,472 sq ft lot. The third parcel includes a 1,874 sq ft restaurant building sitting on a 5,291 sq ft lot, suitable for restaurant or retail purposes. The third parcel also includes a building currently housing an office and a salon. There are 24 parking spaces on site. All properties are currently leased and generating rental income. The total property size is 21,239 sq ft. The location is central with high traffic, offering visibility and accessibility.
Key Highlights
- Package of 3 income‑generating parcels.
- High‑traffic, central location.
- Currently leased with existing rental income.
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
$335,948
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
8.64%
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%
$6,718,960
$6.7M
Cap Rate 7%
$4,799,257
$4.8M
Cap Rate 9%
$3,732,756
$3.7M
Market Conditions
NOI Build-Up for 21,239 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
$484.2K $22.80/SF
− Vacancy
−$36.3K −$1.71/SF
EGI
$447.9K $21.09/SF
− OpEx
−$112.0K −$5.27/SF
NOI
$335.9K $15.82/SF
Area
Hayward, CA
Vacancy
7.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$6,718,960
Cap Rate 7%
$4,799,257
Cap Rate 9%
$3,732,756
Alternative Uses
Best Use
Specialty Retail
$4.80M
$4.20M – $5.60M
NOI $335,948 @ 7.0% cap · market cap 8.64%
Second Best
Retail
$4.22M
$3.69M – $4.92M
NOI $295,122 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$6.57M
$5.74M – $7.66M
NOI $459,578 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,084
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94541, CA
69,736
Population
23,217
Households
3
Avg Household Size
36
Median Age
30%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
9,298
Density / Sq Mi
$106,556
Median Household Income
$52,023
Median Earnings
$2,229
Median Rent
$781,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Three income-generating parcels with retail, restaurant, and office spaces.
Where is this grocery and convenience store located?
The property is located at 344 A St Hayward, CA.
What is the asking price?
The asking price for this property is $3,888,888.
What are key features of this property?
This property features: Package of 3 income‑generating parcels.; High‑traffic, central location.; Currently leased with existing rental income.
