Medical Office Building With Gated
For Sale
Contact for pricing
1866 B Street, Hayward, CA 94541
Three-unit medical/professional office building on a corner lot with 20+ gated parking spaces and in-place tenants.
Property Size6,240 SF
Price / SF$304.49
Days on Market137
Property Features for 1866 B Street
General Information
Standard status
Active
Size
6,240 SF
Class
C
Total Parking Spaces
20
Property subtype
Office
Zoning
CO
Occupancy
100%
Lease Type
Gross
Investment Type
Owner/User
Site & Location
Neighborhood
Upper b Street
Additional Details
Cap Rate
5.29%
Office Units
3
Building Details
Year Built
1979
Year Renovated
2016
Buildings
1
Stories
2
Units
20
Tenancy
Multi
Listing Agency:
Compass San Francisco
Listed By:
Paul Zinchik · License #CA 01454157
(415) 297-1300
Source:
Crexi
Added: Jun 10
Changed: Oct 10
Last Checked: Oct 23 at 5:08AM
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 Compass San Francisco
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Investment Insights
Based on property information with market context.
This three-unit medical/professional office building is situated on a corner lot and offers 20+ gated parking spaces. The property includes two tenants in place generating $9,946.70 per month, with both leases featuring 3% annual escalations. A fully built-out dental suite is also available for immediate occupancy at close, and the seller indicates the associated 10-year established practice is consolidating separately.
The asset is located at 1866 B Street, Hayward, CA 94541. The offering includes the existing lease income from the two current tenants, and it is presented with a 5.29% cap rate in the provided materials.
The asset is located at 1866 B Street, Hayward, CA 94541. The offering includes the existing lease income from the two current tenants, and it is presented with a 5.29% cap rate in the provided materials.
Key Highlights
- Three‑unit medical/professional office building on a corner lot
- Two tenants in place generating $9,946.70/month
- Fully built‑out dental suite available for immediate occupancy at close
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,884
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,137,680
$2.1M
Cap Rate 7%
$1,526,914
$1.5M
Cap Rate 9%
$1,187,600
$1.2M
Market Conditions
NOI Build-Up for 6,240 SF
Gross rent
$194.7K $31.20/SF
− Vacancy
−$16.5K −$2.65/SF
EGI
$178.1K $28.55/SF
− OpEx
−$71.3K −$11.42/SF
NOI
$106.9K $17.13/SF
Area
Hayward, CA
Vacancy
8.50%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,137,680
Cap Rate 7%
$1,526,914
Cap Rate 9%
$1,187,600
Alternative Uses
Best Use
Healthcare Medical
$1.53M
$1.34M – $1.78M
NOI $106,884 @ 7.0% cap · market cap 5.63%
Second Best
Office B
$1.39M
$1.22M – $1.63M
NOI $97,606 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,024 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Three-unit medical/professional office building on a corner lot with 20+ gated parking spaces and in-place tenants.
Where is this office building located?
The property is located at 1866 B Street Hayward, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Three‑unit medical/professional office building on a corner lot; Two tenants in place generating $9,946.70/month; Fully built‑out dental suite available for immediate occupancy at close
