Downtown Hayward Retail/Service
For Sale
$649,000
Pending
22531 Main St, Hayward, CA 94541
Five-unit retail property in downtown Hayward near BART.
Property Size2,455 SF
Lot Size0.08 Acres
Days on Market211
Property Features for 22531 Main St
General Information
Standard status
Pending
Size
2,455 SF
Lot size
0.08 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,421
Building Details
Year Built
1966
Listing Agency:
MTC Commercial Real Estate
Listed By:
Paul Mader · License #00795784
(510) 206-3156
Source:
Elliman
Added: Mar 11
Changed: Aug 10
Last Checked: Aug 10 at 2:45PM
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 MTC Commercial Real Estate
Investment Insights
Based on property information with market context.
This five-unit retail/service property features 2,455+/- sq ft of space on a 3,349+/- sq ft lot. Constructed in 1966, the concrete block building contains units averaging 491 sq ft in size. A common hallway at the rear provides access to two restrooms. Currently, the spaces are occupied by hairstylists, a waxing business, and a jewelry repair service, all operating on month-to-month terms. The property is located behind 22561 and 22567 Main Street and faces a city-owned free public parking lot. Situated in downtown Hayward, it is three blocks from BART, and the parking lot offers multiple access points.
Key Highlights
- Downtown Hayward location, just 3 blocks from BART
- Fronts a city‑owned free public parking lot with multiple access points
- Five‑unit retail/service property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,113
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,260
$682.3K
Cap Rate 7%
$487,329
$487.3K
Cap Rate 9%
$379,033
$379.0K
Market Conditions
NOI Build-Up for 2,455 SF
Gross rent
$53.0K $21.60/SF
− Vacancy
−$4.3K −$1.75/SF
EGI
$48.7K $19.85/SF
− OpEx
−$14.6K −$5.96/SF
NOI
$34.1K $13.90/SF
Area
Hayward, CA
Vacancy
8.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,260
Cap Rate 7%
$487,329
Cap Rate 9%
$379,033
Alternative Uses
Best Use
Retail
$487.3K
$426.4K – $568.6K
NOI $34,113 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$758.9K
$664.0K – $885.4K
NOI $53,122 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,250
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Five-unit retail property in downtown Hayward near BART.
Where is this retail space located?
The property is located at 22531 Main St Hayward, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Downtown Hayward location, just 3 blocks from BART; Fronts a city‑owned free public parking lot with multiple access points; Five‑unit retail/service property
