Medical Office Building With Gated
1866 B Street Hayward, CA 94541
1866 B Street, Hayward, CA, 94541
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For Sale
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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$312.50
Days on Market44
Property Features for 1866 B Street
General Information
- Standard status
- Active
- Size
- 6,240 SF
- Property subtype
- Office
Building Details
- Year Built
- 1979
Listing agency
Compass San Francisco
(415) 297-1300
Listed by
Paul Zinchik · License #CA 01454157
Source
Crexi
Added: Jun 10 Updated: Jul 22 at 7:25PM Checked: Jul 22 at 7:25PM
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
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
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.7k | $31.20 |
| − Vacancy | −$16.5k | −$2.65 |
| EGI | $178.1k | $28.55 |
| − OpEx | −$71.3k | −$11.42 |
| NOI | $106.9k | $17.13 |
6,240 SF · lease $31.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.53M
$1.34M – $1.78M
NOI $106,884 @ 7.0% cap · market cap 5.48%
Second Best
Office B
$1.39M
$1.22M – $1.63M
NOI $97,606 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,024 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hayward Braces
Dental Office
Allegro Dental Group
Dental Office
Sherry Chang
Physician
Ostovar Nader MD
Physician
Andrea J. Doorack, ...
Physician
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FAQs
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 $1,950,000.
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
